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$99,500
26009873 MLS ⋅ ACTIVE Status
Prime Investment Opportunity: 6-Unit Multi-Family Building Near SIU Campus – 519 S Rawlings St, Carbondale, ILDiscover this spacious 6-unit rental complex ideally situated just steps from Southern Illinois University Carbondale (SIU), in one of the most sought-after student housing areas in town. Perfect for investors seeking high-demand rental income from university students and faculty, this property offers excellent proximity to campus, making it a turnkey candidate for restoration and strong long-term returns.Key Features:6 total units in a large, well-established multi-family building (built circa 1987). Unit mix includes:2 larger units: 4 bedrooms / 3 bathrooms each – ideal for student groups or larger households. 4 units: 3 bedrooms / 2.5 bathrooms each – great for medium-sized rentals with added convenience. All units come equipped with appliances included. Prime location in the heart of Carbondale's student rental market, close to SIU amenities, downtown, and major routes for easy access. This property presents a unique value-add opportunity. It has sustained fire damage requiring extensive repairs and restoration throughout (structural, interior, systems, etc.). With the right vision and investment in renovations, this could be transformed into a highly desirable, income-producing complex in a proven high-occupancy area near SIU.Whether you're an experienced investor looking for a project with strong upside potential or seeking a strategic addition to your portfolio, 519 S Rawlings St offers location, size, and rental appeal that's hard to beat in Carbondale. Don't miss this chance to revitalize a substantial multi-family asset in a vibrant college town!Contact for more details, inspection reports, or to schedule a viewing. Sold as-is, with significant repair needs factored into pricing potential.

519 Rawlings, Carbondale
$119,000
25079739 MLS ⋅ ACTIVE Status
Investment Opportunity – 4-Plex Near Ray Clinton Park & Black River! Don’t miss this fantastic income-producing property! This 4-unit multifamily complex offers a solid investment with 3 of the 4 units currently rented, providing immediate cash flow. The property backs directly up to Ray Clinton Park and the beautiful Black River, giving tenants scenic surroundings and a peaceful atmosphere. Each unit offers comfortable living spaces with solid rental history, making this a turn-key addition to your portfolio. The additional adjacent lot provides even more potential—perfect for future expansion, additional units, or recreational space to increase value. Whether you’re an investor looking to grow your rental portfolio or a developer seeking a property with room to expand, this one checks all the boxes. Key Features: 4-plex with 3 units currently rented Backs up to Ray Clinton Park & Black River Adjacent lot included for expansion or development Strong rental history and income potential Great location near recreation and amenities Schedule a showing today and see the potential for yourself!

439 Short A St, Poplar Bluff