Five Bedroom Illinois Multi-Family Home For Sale $30K

OHU50K Notes $30,000

Five Bedroom Illinois Multi-Family Home For Sale. Walking distance to restaurants, parks and more.

Realtor Comments

BANK FORECLOSURE! Priced well below the last appraisal. There is no history of expenses or rents, only current information since the bank took over. Most units are in good condition and have been inspected by the City. Most units are currently rented, some through 2026. Attached is a list of all the foreclosures from this bank with current asking prices. They may be purchased in blocks at a discount. There are no disclosures required because this is a foreclosure. They will be sold AS IS with no warranties, but inspections are permitted.

5 bed
4 bath

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

314 W Elm St #3, Carbondale, IL 62901 $30,000

Contact Realtor: Rolf Shillig
Google Map
Niche

Pros of Living in Carbondale, IL

1. Affordable Cost of Living & Housing

Overall cost of living is about 7–15% below the U.S. average, with particularly low housing prices (median home value ~$125K) and monthly rents around $750—roughly half the national medians
Utilities, groceries, and healthcare costs also trend slightly lower than national averages

2. Strong Educational & Cultural Ecosystem

Home to Southern Illinois University (SIU) with nearly 12,000 students and robust arts, music, and sports offerings—enhancing diversity and energy in town
Cultural institutions include the African American Museum, University Museum, Science Center, active music and theater venues, and several annual festivals like the Big Muddy Film Festival and Diwali celebrations

3. Outdoor & Recreation Opportunities

Located near Shawnee National Forest, Giant City State Park, multiple lakes, vineyards, and scenic hiking/biking routes, plus parks and sports complexes within town
Excellent farmers’ market, grocery co-op, and venues for outdoor festivals and local foods

4. Diversity, Acceptance & Community Energy

Carbondale is more diverse (racially and culturally) than most Southern Illinois cities and has active LGBTQ+ and progressive communities—often described as a liberal oasis in a conservative region
Residents praise its welcoming vibe, social activism, and multiple places of worship across faiths

5. Efficient Commute & Transit

Average commute time is around 18 minutes, with solid public bus service: Saluki Express for campus and city, and regional transit to nearby Marion and Du Quoin
Amtrak service (City of New Orleans, Illini, Saluki) to Chicago and other cities begins early 2025 via the new Southern Illinois Multi‑Modal Station.

Cons of Living in Carbondale, IL

1. Elevated Crime Rates, Especially Property & Vehicle Theft

Violent crime: chance of victimization ~1 in 128; property crime ~1 in 26. Motor vehicle theft is notably high (~1 in 270)
Local voices frequently warn of crime varying block by block, especially near student areas and downtown

2. Economic Constraints & Poverty

Poverty rate ranges from 27% to nearly 40%, and median household income is low (~$38K–$44K)
Local employment concentrated in education and healthcare; professional opportunities are scarce beyond SIU and SIH (Southern Illinois Healthcare)

3. Population Decline & Economic Fragility

Population has declined ~4% over five years, partly tied to decreased enrollment at SIU
Decline led to vacant housing, diminished downtown vitality, and weaker local business environment .

4. Transit & Transportation Limitations

Despite campus and local buses, options are limited—especially after hours: few taxi, Uber, or Lyft services. Many locals reported no rides available at night

5. Climate & Lifestyle Trade-offs

Summers are hot and humid; winters mild but seasonal transitions can be unpredictable.
While nightlife exists, it’s largely tied to college cycle; locals describe a quieter vibe outside of SIU events