511 S Rawlings St, Carbondale, IL 62901

511 S Rawlings St, Carbondale, IL 62901

10 beds 0 baths 5,976 Sqft

Overview Neighborhood Amenities Price details

$284,900 $48/sf Earn $5,698

4 days on Market

$284,900

Credit Back up to $5,698*
$47.67/sf

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Description:

Active - Multi Family for sale

Excellent opportunity to own a well-maintained 10-unit multifamily property in a strong rental market. Each unit features 1 bedroom and 1 bathroom,With high-quality construction throughout, this property is truly turn-key. All units are currently leasing at $550/month, generating a solid monthly income of $5,500 with room for future rent increases. Each apartment includes electric baseboard heat and wall-mounted A/C units, making the property extremely low-maintenance and cost-effective for long-term ownership. The building is equipped with separate electric and water meters for each unit, reducing landlord utility responsibilities. City water and sewer are in place for reliability and ease of management. Located just minutes from downtown Carbondale, SIU campus, and local amenities. With ample off-street parking and a straightforward layout, this is a hassle-free, income-generating asset for any portfolio.

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MLS: #QC4268189

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Status: Active

Listed Date: 10/03/2025

Days On Market: 4

Lot Size (Acres): 0.3

Lot Size (Square Feet): 13068

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Structure:

Year Built: 1963

Tax:

Parcel Number: 15-21-326-007

Score:

-carbondale-for-sale-511 s rawlings st, carbondale, il 62901-17063882

Mortgage All cash

Monthly expenses $2,844

Property Tax $1,021

HOA Fee $0

Homeowners Insurance $76

Due at Close $274,929

List price $284,900

Closing costs $4,274

beycome Pre-paid title settlement fee: $199Learn more

beycome Credit Est. $5.7K

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The information is being provided by RMLS Alliance.
Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Broker Reciprocity disclosure: Listing information are from various brokers who participate in IDX (Internet Data Exchange).
All information should be independently reviewed and verified for accuracy.
Copyright 2025 RMLS Alliance. All rights reserved.

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Customer reviews

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