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701 S James St
Carbondale, IL 62901
Multifamily Properties For Sale · Property For Sale · 48,241 SF Total

Executive Summary

This 17-property real estate portfolio presents a prime investment opportunity in the thriving Southern Illinois rental market. The portfolio offers a balanced mix of multi-family and single-family residences, providing diversified income streams and strong occupancy potential.
Thirteen of the properties are strategically located in Carbondale, Illinois, home to Southern Illinois University, a major regional institution that supports consistent housing demand from students, faculty, staff, and the surrounding workforce. The remaining four properties are located in nearby communities, further diversifying the portfolio’s geographic reach and tenant base.
This package offers investors the advantage of immediate cash flow with established rental income already in place. Current rents are available for review, providing transparency and insight into the portfolio’s earning potential. In addition, recent appraisals have been completed on all properties, offering valuable support for financing, valuation, and investment analysis.
Whether you are seeking to expand an existing portfolio or acquire a turnkey investment with stable income potential, this offering combines scale, location, and long-term growth opportunity in one attractive package.

Property Facts

Price / SF $102.52 CAD / SF
Sale Type Investment
Status Active
Number of Properties 17
Individually For Sale 0
Total Building Size 48,241 SF
Total Land Area 3.56 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
510 S Poplar St, Carbondale, IL 62901 Multifamily 10,224 SF 2003 -
606 W College St, Carbondale, IL 62901 Multifamily 7,579 SF - -
319 E Mill St, Carbondale, IL 62901 Multifamily 3,936 SF 1900 -
321 E Mill St, Carbondale, IL 62901 Multifamily 3,936 SF 2002 -
709 S Poplar St, Carbondale, IL 62901 Multifamily 3,206 SF 1910 -
711 S Poplar St, Carbondale, IL 62901 Multifamily 2,840 SF 1979 -
707 S Poplar St, Carbondale, IL 62901 Multifamily 2,214 SF 1951 -
705 S Poplar St, Carbondale, IL 62901 Multifamily 2,168 SF 1913 -
701 S James St, Carbondale, IL 62901 Multifamily 2,155 SF 1953 -
317 E Mill St, Carbondale, IL 62901 Multifamily 1,344 SF 2002 -
513 S Ash St, Carbondale, IL 62901 Multifamily 1,064 SF 1963 -
303 S Beveridge St, Carbondale, IL 62901 Multifamily 904 SF 1923 -
310 E Main St, Carbondale, IL 62901 Office 1,400 SF 1930 -
403 Washington St, Carterville, IL 62918 Specialty 1,392 SF 1979 -
500 E Washington St, De Soto, IL 62924 Specialty 1,479 SF 1959 -
216 S Pecan St, De Soto, IL 62924 Specialty 1,440 SF 1965 -
103 Kim Dr, De Soto, IL 62924 Specialty 960 SF 1972 -
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  • Listing ID: 40601184

  • Date on Market: 2026-05-20

  • Last Updated:

  • Address:

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