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$ 99,500
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$ 99,500
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26009873
Style Apartment Style
Year Built 1987
Property Sub-Type 5 Family or More
Property Description
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.
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.
Location
State IL
County Jackson
Rooms
Basement 8 ft + Pour
Interior
Cooling None
Fireplace N
Exterior
View Y/N No
Building
Structure Type Frame
Schools
Elementary Schools Carbondale Dist 95
Middle Schools Carbondale Dist 95
High Schools Carbondale
School District Carbondale Dist 95
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Listing As Is
Listed by Al Lenkaitis • Four Ways Realty
Nearby Locations
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