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1300 Illinois Street

Mobile, AL 36604
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Bed --

Bed

Bath 0

Bath

SqFt7,331.15

Sqft(Lot)

Renovated six-unit, high-income producing apartment building offering a strong and diversified income stream. The property consists of four fully furnished short-term rental units and two long-term rentals, creating an attractive blend of stable tenancy and higher-yield short-term rental income. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are currently operating at near full occupancy, while the two long-term units are leased to reliable tenants providing consistent baseline income. The property also features a coin-operated laundry facility that provides additional income. The building is professionally managed and has been a strong performer, generating average gross rents of over $7,000 per month. Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units also received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. With most major systems and interior improvements already addressed, the property has been stabilized and positioned for continued strong performance with minimal deferred maintenance. The surrounding area continues to see substantial growth and investment. With the relocation of the Mobile International Airport, the area is experiencing increased development, job creation, and infrastructure improvements, which are expected to further drive housing demand and long-term property values. This is a rare opportunity to acquire a stabilized, income-producing multifamily asset with strong current cash flow and additional upside potential in a rapidly improving area. All measurements are approximate and not guaranteed, buyer to verify.

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Detail Ic Property Details

Property Type : Residential Income

Price : $600,000

AD Id : 75939788

MLS Id : 7730097

Lot Size : 7,331.15 Sqft

Year Built : --

County : Mobile

Subdivision: Glendale Park

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Feature Features

  • Room Information

    Window Feature: None
  • Flooring Information

    Hardwood
  • Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Heating: Other Cooling: Other WaterSource: Public

  • Building Information

    Construction Materials: Other
  • Fencing

    Fenced

  • Lot Information

    Lot Dimensions: 50x140 Lot Description: Level Lot Size Area: 7331.148 Lot Size Units: Square Feet Lot Square Feet: 7,331 Lot Acres: 0.1683 Waterfront: None Main Square Feet: 7331.148

    Property Information

    Property Type: Residential Income Subdivision: Glendale Park

  • Tax Information

    Parcel Number: 2910272003007 Annual Tax: $1664

  • Parking Information

    Parking Total: 8 Level Driveway, Parking Lot

  • Elementary School: Leinkauf
    Junior High School: Calloway Smith
    Senior High School: Lillie B Williamson
  • Utility Information

    Cable Available, Electricity Available, Sewer Available, Water Available
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
912 Church Street, Mobile, AL, 36604 $585,000 3 2.5 1,608 1,608 SqFt
916 Church Street, Mobile, AL, 36604 $659,900 3 3.5 3,251 3,251 SqFt
936 Government Street, Mobile, AL, 36604 $613,600 1 1.5 1,698 1,698 SqFt
109 Marine Street, Mobile, AL, 36604 $485,800 2 2 1,115 1,115 SqFt
453 Marine Street, Mobile, AL, 36604 $465,000 3 2 1,747 1,747 SqFt
356 Marine Street, Mobile, AL, 36604 $275,000 3 1 1,224 1,224 SqFt
510 Marine Street, Mobile, AL, 36604 $55,000 4 2 1,650 1,650 SqFt
967 Texas Street, Mobile, AL, 36604 $185,000 2 1 910 910 SqFt
962 Government Street, Mobile, AL, 36604 $199,000 6 -- 4,620 4,620 SqFt
1010 Texas Street, Mobile, AL, 36604 $424,500 2 2 1,387 1,387 SqFt

Copyright © 2026 by the Multiple Listing Service of the Gulf Coast MLS - Mobile Area Association of REALTORS®, Inc. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Gulf Coast MLS - Mobile Area Association of REALTORS®, Inc. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/23/2026 @ 22:32

MLS: 7730097 LISTED BY: Rameh Dickens Khazen, Bellator Real Estate LLC Mobile 251-343-7777 SOURCE: GCMLS2

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