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519 Rawlings, 
Carbondale, IL 62901

$155,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Al Lenkaitis

Four Ways Realty

Last updated:

March 5, 2026, 04:08 PM

MLS#

26009873

Source:

MO MARIS

About This Home

519 Rawlings

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.

Home Facts

Multi-Family

Built in 1987

Price Summary

155,000

MLS #:

26009873

Last Updated:

March 5, 2026, 04:08 PM


Structure

Structure

Architectural Style:

Apartment Style

Year Built:

1987


Finances & Disclosures

Finances

Price:

$155,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.