Under Contract

319/321 E College Street

Carbondale, IL 62901

$365,000 $1,538/Mo

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Description

Turn-Key, 5-Unit Income Property that could replace a 9-5 job with a single investment! Step right into cash flow with this income-producing property featuring five total units across two buildings. • 319: Three spacious 3BR/1.5BA units generating $3,050/month (rent rolls available). Two of the units have been recently remodeled! • 321: Unit A leased at $1,500/month; Unit B just vacated and is ready to rent for another $1,500/month. That’s a potential $6,050/month gross income when fully occupied! Strong rental history, immediate returns, and room for growth make this the perfect portfolio builder. Contact your agent for a showing today!

Property Details

Property Type : Residential Income

Price : $365,000

AD Id : 74585719

MLS Id : PA1263586

Year Built : 1958

County : Jackson

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes Basement: Finished
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Refrigerator, Water Heater, Range
Heating & Cooling

Has Cooling: Yes Cooling: Window Unit(s), Central Air

Building Information

Year Built: 1958 Building Area Total: 4912 Construction Materials: Vinyl Siding Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: 60 x 150 and 65 x 150 Lot Description: Corner Lot

Property Information

Subdivision: None Source Property Type: Residential Income MLS Area Minor: PAAR Area Property SubType: Multi Family Property Age: 68

Listing Price Information

Listing Price: $365000

Tax Information

Parcel Number: 15-21-426-019 Tax Year: 2024 Annual Tax: $12449.86 Tax Legal Desc: BAYLESS FIELD ADD 15' OFF E SIDE LOT 4 & ALL LOT 5 EXC 10' OFF E SIDE 717/663 2021R005724 2021R00681

Parking Information

Parking Total: 5 Other

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Carbondale HS
Location Information

Direction: From 13 W turn left on S Wall St and right on E College St, both properties are on your left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
410 W Freeman Street, Carbondale, IL, 62901	$298,000	--	--	--

Based on information submitted to the MLS GRID as of 06/18/2026 @ 22:38. 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 06/18/2026 @ 22:38

MLS: PA1263586 LISTED BY: Melanie Harp, Southern Illinois Realty Experts - Herrin 618-988-2323 SOURCE: RMLS Alliance