Estimated payment $1,935/month
LOCATED 1 BLOCK FROM SOUTHERN ILLINOIS UNIVERSITY at the corner of S. Oakland and W. Freeman Streets corner. At an average cost of $30,000/unit, this bank foreclosure is a good investment at a total price of $300,000. At time of listing there are no vacancies and 2 units are rented until May of 2026. Tenants appear to renew and stay at this location. Each unit is equipped with refrigerator, stove, washer and dryer. City inspected.
Listing Agent
COMMERCIAL REALTY ASSOCIATES Brokerage Phone: 618-303-0701 License #471012048 Listed on: 06/25/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $19,990 | $175,412 | $13,471 | $161,941 |
| 2023 | $18,781 | $158,884 | $12,201 | $146,683 |
| 2022 | $18,152 | $146,680 | $11,264 | $135,416 |
| 2021 | $17,886 | $139,549 | $10,716 | $128,833 |
| 2020 | $17,329 | $142,019 | $10,906 | $131,113 |
| 2019 | $16,631 | $142,600 | $10,950 | $131,650 |
| 2018 | $16,147 | $148,805 | $11,426 | $137,379 |
| 2017 | $15,954 | $148,805 | $11,426 | $137,379 |
| 2016 | $15,578 | $148,805 | $11,426 | $137,379 |
| 2015 | -- | $88,505 | $11,426 | $77,079 |
| 2014 | -- | $88,505 | $11,426 | $77,079 |
| 2012 | -- | $90,311 | $11,659 | $78,652 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $300,000 | -- | $27 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Executors Deed | $450,000 | None Available |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | Future Advance Clause Open End Mortgage |
$245,000
Large apartment building with 6 units. (3) 3bed/1bath , (3) 2bed/1bath. Parking spaces included. Located near SIU. Occupied units require 24 hour notice for showings.
Rachel Davenport RE/MAX Realty Central
$300,000
WALKING DISTANCE TO SOUTHERN ILLINOIS UNIVERSITY AND DOWNTOWN CARBONDALE. This bank foreclosure apartment building has 8 units: seven 2 bedrooms/1 bath and one three bedroom with 2 baths. At time of listing, 5 units are leased and annual income of $46,920. The average projected income at full rental should be $60,000. At listing price the average per door cost is $37,500. Taking care of
Pam Schilling COMMERCIAL REALTY ASSOCIATES
$299,000
Good investment property 3 blocks to the University. 10 units in all with 5 one bedroom and 5 two bedroom. Plenty of parking and a short walking distance to downtown and shopping.
JAMES STEINBACH FIVE STAR REALTY
$240,000
WALKING DISTANCE TO DOWNTOWN restaurants and entertainment, adjacent to the Carbondale library and across from Memorial Hospital. At time of listing time, the 2 bedrooms are annually rented, the 1 and 3 bedroom units are Air BNB and could easily be rented annually. This is relatively new construction in good condition. BANK FORECLOSURE! Great buy!
Pam Schilling COMMERCIAL REALTY ASSOCIATES
$265,000
Very well maintained 4-Plex behind SIU's Rec center. Two bedroom, 1.5 bath townhouse apartments. Walking distance to School and downtown. Built in 2003, this 4-plex is easily rented and stays full. Apt B was just remodeled with new flooring and bathrooms. Eat in Kitchen and lots of cabinets. Two generous sized bedrooms upstairs.
JAMES STEINBACH FIVE STAR REALTY
$296,000
Two nice four-plexes close to campus. 8 units total come furnished with hardwood floors, 2 Bedrooms, 1 Bath, $3300 a month right now but could be higher. Rents were lowered when Covid hit and are being worked back up. Some updating has taken place with baths and kitchens, windows, paint. New roof on 420 in 2021. Nice buildings to get started with or add to your inventory
JAMES STEINBACH FIVE STAR REALTY
$299,900
Unlock the full potential of this classic four-unit building in a private, rural location near SIU and SIH! With two units currently vacant and two already rented, this is a perfect opportunity for both investors and owner-occupants. Live in one unit while the other three help pay your mortgage - or rent all four for solid cash flow from day one. Building features two studios plus 2
Janet McCready RE/MAX Realty Central
Source: RMLS Alliance
MLS Number: EB458575
APN: 15-20-431-006
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