Under contract

$365,000

319/321 E College St, Carbondale, IL 62901

13beds

8baths

4,912sqft

$2,747/mo

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Multi Family, Apartment

Built in 1958

-- sqft lot

$274,600 Zestimate^®

$74/sqft

$-- HOA

What's special

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!

178 days

13

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 8

Heating

Has Heating (Unspecified Type)

Cooling

Central Air

Appliances

Included: Range, Refrigerator, Water Heater

Features

Basement: Finished

Interior area

Total structure area: 4,912
Total interior livable area: 4,912 sqft

Property

Parking

Total spaces: 5

Lot

Size: 4,409 Square Feet
Dimensions: 60 x 150 and 65 x 150
Features: Corner Lot

Details

Additional parcels included: 1521426006
Parcel number: 1521426019

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment

Materials

Vinyl Siding
Roof: Shingle

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Carbondale

Financial & listing details

Price per square foot: $74/sqft
Annual tax amount: $12,449
Date on market: 1/26/2026
Cumulative days on market: 392 days

Estimated market value

$274,600

$217,000 - $335,000

$889/mo

Price history

Date	Event	Price
5/20/2026	Contingent	$365,000$74/sqft
Source: RMLS Alliance as distributed by MLS GRID #PA1263586 Report a problem
1/26/2026	Listed for sale	$365,000$74/sqft
Source: RMLS Alliance as distributed by MLS GRID #PA1263586 Report a problem
1/6/2026	Listing removed	$365,000$74/sqft
Source: RMLS Alliance as distributed by MLS GRID #QC4267794 Report a problem
9/26/2025	Listed for sale	$365,000$74/sqft
Source: RMLS Alliance as distributed by MLS GRID #QC4267794 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 62901

Getting around

74 / 100

Very Walkable

69 / 100

Bikeable

Nearby schools

GreatSchools rating

2/10
Thomas Elementary School
Grades: 2-3Distance: 0.6 mi
2/10
Carbondale Middle School
Grades: 6-8Distance: 1.3 mi
5/10
Carbondale Community High School
Grades: 9-12Distance: 1.5 mi

Schools provided by the listing agent

High: Carbondale HS

Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.