Kitchen featuring freestanding refrigerator
View of hallway
Bathroom with toilet
View of stairs
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.
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CARBONDALE DIST 95
Jackson
Residential Income
Apartment Style
Residential Income
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1027 W Willow, Carbondale, IL 62901 | 3/2 | 1,075 | $225,000 | $212,100 94.3% of ask |
Jul 27, 2026 |
| 1950 N Illinois Avenue, Carbondale, IL 62901 | 0/0 | 5,007 | $239,900 | $190,000 79.2% of ask |
Sep 29, 2025 |
| 2 Pinewood Drive, Carbondale, IL 62901 | 3/3 | 4,000 | $239,000 | $230,000 96.2% of ask |
Oct 23, 2024 |
| 712 N Carico, Carbondale, IL 62901 | 2/1 | 660 | $15,000 | $12,000 80% of ask |
Aug 9, 2024 |
| 409 Robert A Stalls, Carbondale, IL 62901 | 3/2 | 1,270 | $35,000 | $30,000 85.7% of ask |
May 28, 2024 |
| 404 S University Avenue, Carbondale, IL 62901 | 0/0 | 484 | $110,000 | $100,000 90.9% of ask |
Apr 22, 2024 |
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**Selling As-Is** Commercial opportunity in the heart of Carbondale! This 2,580 sq ft building at 303 N Wall Street offers endless potential for investors, entrepreneurs, or business owners seeking an affordable space with character. Previously operated as a funeral home, the property is ready to be repurposed for a variety of commercial uses (subject to local zoning/approval). Priced at just $75,000, this is a great value-add opportunity. Property is being sold As-Is. Possible owner financing available. **Broker Owned**
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.
Constructed in 2019 as a build-to-suit for Freddy’s Frozen Custard & Steakburgers, this quick service restaurant (QSR) building features a spacious and modern layout. The property is situated on a 1.31 acre parcel and includes a 2,929 SF building with drive-thru and a total of 48 dedicated parking spaces. Positioned along one of Carbondale's growing retail corridors, this property is in a highly visible location with great traffic count (15,400 VPD). Excellent opportunity for a new quick service restaurant seeking a move-in ready location!
