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Matt Garrison

mattgarrisonhomes@gmail.com +1(217) 638-8500

Listed by Maggie Cook • HOUSE 2 HOME REALTY

$ 1,499,000

Est. payment | -/mo

33,668 SqFt

Save

$ 1,499,000

Est. payment | -/mo

Save

33,668 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 33,668 sqft

Price per Sqft $44

MLS Listing ID PA1270095

Year Built 1975

Annual Tax Amount $59,560

Tax Year 2024

Lot Size 3.050 Acres

Acres 3.05

Lot Dimensions 3.05 acres

Property Sub-Type Residential Income

Source rmlsa

Property Description

Calling all investors—Colonial East Apartments presents a rare opportunity to add a substantial income-producing property to your portfolio in a fantastic Carbondale location. Situated on approximately 3.05 sprawling acres, this investment includes 40 apartment units plus an additional single-family 3-bedroom, 2-bath home, creating multiple streams of rental income and plenty of room for future growth. The property has seen continued upkeep and improvements throughout the complex, including new roofs on select buildings, updated baseboard heat and hot water heaters in all units as well as numerous miscellaneous improvements designed to keep the facilities maintained to standard. At the rear of the property, an on-site laundry house provides an additional source of income while adding convenience for tenants. With its size, existing rental base, additional single-family residence and significant opportunity to increase occupancy and income, Colonial East Apartments offers tremendous upside for the right investor. Located close to the energy and activity of Carbondale's college community, tenants are just minutes from shopping, dining, entertainment and the hustle and bustle of college life. If you've been searching for a large-scale multifamily investment in Carbondale with room to grow, Colonial East Apartments deserves your attention before its gone!

Location

State IL

County Jackson

Area Paar Area

Direction Head W on IL-13, turn left onto N Giant City Rd and then left onto E Walnut (complex and single family home are both on immediate right hand side)

Rooms

Basement None

Interior

Heating Baseboard, Electric, Forced Air, Natural Gas, Window Unit(s)

Fireplace N

Laundry Common Area

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 94

Garage 1

Building

Lot Description Other

Faces Head W on IL-13, turn left onto N Giant City Rd and then left onto E Walnut (complex and single family home are both on immediate right hand side)

Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":850,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1420377Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1420377Group_2\"}]

Foundation Slab

Water Public Sewer, Public

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools Carbondale Elem

Middle Schools Carbondale

High Schools Carbondale Hs

Others

Tax ID 15-23-176-020

Nearby Locations

GET MORE INFORMATION

Matt Garrison

REALTOR® Lic# 475.176635

mattgarrisonhomes@gmail.com

+1(217) 638-8500

905 Magnolia Dr, Chatham, IL 62629, USA

1433 & 1439 E WALNUT ST Carbondale, IL 62901

Matt Garrison

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1433 & 1439 E WALNUT ST