508 N Michaels Street

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Address: 508 N Michaels St, Carbondale, IL 62901, USA
Chicago & Midwest + Apartment Buildings
Created date: September 12, 2026
Date last updated: September 17, 2026
Price: $60,000Investment Analyzer NEW!

Property Description

Calling all investors! Whether you're just getting started or adding to an established portfolio, this duplex is ready for its next owner. With two long-term renters already in place, this property offers a fantastic plug-and-play opportunity to own a slice of the Carbondale rental market. Each unit features 1 bedroom and 1 full bathroom, providing a practical layout for tenants and investors alike. The property also includes shared basement space, offering additional storage and utility. If you're looking for an investment with established rental history and the potential to become a valuable addition to your portfolio, this one deserves a look. Two units, existing renters, and an opportunity to invest in Carbondale-what's not to like?

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $60,000
Year Built: 1928
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 2
Address: 508 N Michaels Street, Carbondale, IL 62901, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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