519 Rawlings, Carbondale, IL 62901
Local realty services provided by:CENTURY 21 Broughton Team
519 Rawlings,Carbondale, IL 62901
$114,500
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: al lenkaitis
Office: four ways realty
MLS#:26009873
Source:MO_MARIS
Price summary
- Price:$114,500
About this home
Prime Investment Opportunity: 6-Unit Multi-Family Building Near SIU Campus – 519 S Rawlings St, Carbondale, ILDiscover this spacious 6-unit rental complex ideally situated just steps from Southern Illinois University Carbondale (SIU), in one of the most sought-after student housing areas in town. Perfect for investors seeking high-demand rental income from university students and faculty, this property offers excellent proximity to campus, making it a turnkey candidate for restoration and strong long-term returns.Key Features:6 total units in a large, well-established multi-family building (built circa 1987).
Unit mix includes:2 larger units: 4 bedrooms / 3 bathrooms each – ideal for student groups or larger households.
4 units: 3 bedrooms / 2.5 bathrooms each – great for medium-sized rentals with added convenience.
All units come equipped with appliances included.
Prime location in the heart of Carbondale's student rental market, close to SIU amenities, downtown, and major routes for easy access.
This property presents a unique value-add opportunity. It has sustained fire damage requiring extensive repairs and restoration throughout (structural, interior, systems, etc.). With the right vision and investment in renovations, this could be transformed into a highly desirable, income-producing complex in a proven high-occupancy area near SIU.Whether you're an experienced investor looking for a project with strong upside potential or seeking a strategic addition to your portfolio, 519 S Rawlings St offers location, size, and rental appeal that's hard to beat in Carbondale. Don't miss this chance to revitalize a substantial multi-family asset in a vibrant college town!Contact for more details, inspection reports, or to schedule a viewing. Sold as-is, with significant repair needs factored into pricing potential....
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Home facts
- Year built:1987
- Listing ID #:26009873
- Added:65 day(s) ago
- Updated:April 28, 2026 at 03:04 PM
Rooms and interior
- Basement:Yes
Structure and exterior
- Year built:1987
- Architectural Style:Apartment Style
- Construction Materials:Frame
Schools
- High school:Carbondale
- Middle school:CARBONDALE DIST 95
- Elementary school:CARBONDALE DIST 95
Finances and disclosures
- Price:$114,500
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