Description
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.
Details
| MLS # | 26009873 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 180 |
| Listing Provided By | Four Ways Realty | Al Lenkaitis |
Features
| Basement | Y |
|---|
Interior
| Cooling | None |
|---|
Exterior
| Construction Materials | Frame |
|---|
Area Information
| State | IL |
|---|---|
| County | Jackson |
| City | Carbondale |
| Zip Code | 62901 |
| School District | Carbondale |
| Elementary School | CARBONDALE DIST 95 |
| High School | Carbondale |
| Listing VS Median (in 62901) | |
Price: $99,500 low | high Med: $300,000 On site: 180 low | high Med: 73 | |
Market Activity 62901
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Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 20, 2026 at 2:52:28 PM PDT 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Jackson |
| City | Carbondale |
| Zip Code | 62901 |
| School District | Carbondale |
| Elementary School | CARBONDALE DIST 95 |
| High School | Carbondale |
| Listing VS Median (in 62901) | |
Price: $99,500 low | high Med: $300,000 On site: 180 low | high Med: 73 | |
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
