BEDS0
BATHS
MLS#26009873
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCARBONDALE DIST 95
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: 8 ft + Pour
Cooling: None
Home Style: Apartment Style
Year Built: 1987
Feature Descriptions
Days on Site: 60
Exterior: Frame
Parcel#: 15-21-326-009
Local Schools
High School: Carbondale
Middle School: CARBONDALE DIST 95
Elementary School: CARBONDALE DIST 95
School District: CARBONDALE DIST 95
Listed By / Shown By
Listed By
Agency Name: Four Ways Realty
Shown By
Agent Name: Dede Strano
Agent Phone: Cell: (618) 578-8553
Agency Title: Strano & Associates
Estimate Your Payment
Estimated Payment
$ 288.22 per month $254.83 Principal & Interest $0.00 Property Tax (data not provided by mls) $33.40 Homeowner's InsuranceChange Payment Information
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519 Rawlings | MLS# 26009873
This multi-family property located at 519 Rawlings, Carbondale, IL 62901 is currently listed for sale with an asking price of $114,500. Rawlings is located within the CARBONDALE DIST 95 school district. Search Carbondale real estate on dstrano.strano.com today.