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319/321 E College Street

Carbondale, IL 62901
  • $365,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: PA1263586
UPDATED: 32 min ago
$365,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Information

High School:

Description

Turn-Key, 5-Unit Income Property that could replace a 9-5 job with a single investment! Step right into cash flow with this income-producing property featuring five total units across two buildings. • 319: Three spacious 3BR/1.5BA units generating $3,050/month (rent rolls available). Two of the units have been recently remodeled! • 321: Unit A leased at $1,500/month; Unit B just vacated and is ready to rent for another $1,500/month. That’s a potential $6,050/month gross income when fully occupied! Strong rental history, immediate returns, and room for growth make this the perfect portfolio builder. Contact your agent for a showing today!

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-17T15:45:18.133.
www.ashleycoker.com/homes/172470123
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319/321 E College Street Carbondale, IL 62901

  • Price: $365,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 32 min ago
  • ID#: PA1263586
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1958
Built
Neighborhood:
None
County:
Jackson
Area:
Paar Area
High School:
Carbondale Hs
Property Description
Turn-Key, 5-Unit Income Property that could replace a 9-5 job with a single investment! Step right into cash flow with this income-producing property featuring five total units across two buildings. • 319: Three spacious 3BR/1.5BA units generating $3,050/month (rent rolls available). Two of the units have been recently remodeled! • 321: Unit A leased at $1,500/month; Unit B just vacated and is ready to rent for another $1,500/month. That’s a potential $6,050/month gross income when fully occupied! Strong rental history, immediate returns, and room for growth make this the perfect portfolio builder. Contact your agent for a showing today!
Exterior Features

Construction Materials Vinyl Siding Parking Features Other Parking Total 5 Roof Shingle

Interior Features

Basement Finished Building Area Total 4912 Heating Window Unit(s) Number Of Central Air Units 2 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 5 Number Of Gas Meters 2 Number Of Heating Units 2 Number Of Ranges 5 Number Of Washers 0 Number Of Water Heaters 2 Numberof Refrigerators 5

Property Features

100 Year Plain Unknown Additional Parcels Description 15-21-426-006 Agent Owned No Disclosed Short Sale N Financing Cash OnlyCommercialConventionalVA Gross Income 72000 Insurance Expense 3500 Lot Features Corner Lot Lot Size Dimensions 60 x 150 and 65 x 150 Manager On Site YN No Net Operating Income 52984 New Construction YN No Number Of Water Meters 2 Number Of Window Units 0 Operating Expense 7660 Repossessed No Structure Type Apartment Building Tax Annual Amount 11355.88 Tax Legal Description BAYLESS FIELD ADD 15' OFF E SIDE LOT 4 & ALL LOT 5 EXC 10' OFF E SIDE 717/663 2021R005724 2021R00681 Tax Year 2023 Trash Expense 360 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Melanie Harp of Southern Illinois Realty Experts - Herrin: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-17T15:45:18.133.
 
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Ashley Coker Team | The Real Estate Group
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