1433 & 1439 E Walnut Street
Carbondale, IL 62901
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Bed
0
Bath
3.05Acres(Lot)
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 conve
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Basement: None -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Water Heater Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1975 Building Area Total: 33668 Construction Materials: Brick, Vinyl Siding Private Pool: No Association Fee Frequency: Monthly
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Lot Information
Lot Dimensions: 3.05 acres Lot Size Acres: 3.05 Lot Description: OtherProperty Information
Subdivision: None Source Property Type: Residential Income MLS Area Minor: PAAR Area Property Age: 51
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Listing Price Information
Listing Price: $1499000
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Tax Information
Parcel Number: 15-23-176-020 Tax Year: 2024 Annual Tax: $59560.54 Tax Legal Desc: PT W 1/2 SE 1/4 NW 1/4 23-9-1 838/75 2004/41401 2015R004677
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Parking Information
Parking Total: 94 Guest, Oversized, Parking PadHomeowners Association InformationHas Association: Yes
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School Information
Elementary School: Carbondale ElemJunior High School: CarbondaleSenior High School: Carbondale HS -
Location Information
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) WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1110 Grand Oak Drive, Carbondale, IL, 62901 | $325,000 | 3 | 2 | 1,762 | -- |
| 85 Highlander Drive, Carbondale, IL, 62901 | $150,000 | 4 | 2 | -- | -- |
| 101 N Rod Lane, Carbondale, IL, 62901 | $262,000 | 5 | 2 | 1,704 | -- |
| 1437 Dogwood Road, Carbondale, IL, 62901 | $280,000 | 4 | 3 | 2,350 | 1.07 Acres |
| 309 S Birchlane Drive, Carbondale, IL, 62901 | $54,900 | 3 | 1 | 1,100 | 0.17 Acre |
| 205 Blackhawk Drive, Carbondale, IL, 62901 | $574,900 | 5 | 6 | 4,925 | 4.32 Acres |
| 1312 W Sycamore Street, Carbondale, IL, 62901 | $130,000 | 2 | 1 | 1,216 | 0.75 Acre |
| 153 Oak Valley Drive, Carbondale, IL, 62901 | $48,900 | 3 | 2 | -- | -- |
| 2900 W Kent Drive, Carbondale, IL, 62901 | $135,000 | 4 | 5 | 2,560 | -- |
| 3917 Country Club Road, Carbondale, IL, 62901 | $109,000 | 4 | 4 | 2,103 | 0.93 Acre |
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Nearby For Sale
Based on information submitted to the MLS GRID as of 09/15/2026 @ 06:27. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
ByOwner last updated this listing 09/15/2026 @ 06:27
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