1300 Illinois ST Mobile, AL 36604
7,331 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Glendale Park
MLS Listing ID 7730097
Annual Tax Amount $1,664
Tax Year 1664
Lot Size 7,331 Sqft
Property Description
The property also features a coin-operated laundry facility that provides additional income. The building is professionally managed and has been a strong performer, generating average gross rents of over $7,000 per month.
Significant capital improvements were completed in 2024, including new roofs, updated electrical systems, and updated plumbing. Nearly all units also received new flooring or refinished hardwood floors, along with new appliances, new PTAC-style HVAC units, and updated water heaters. With most major systems and interior improvements already addressed, the property has been stabilized and positioned for continued strong performance with minimal deferred maintenance.
The surrounding area continues to see substantial growth and investment. With the relocation of the Mobile International Airport, the area is experiencing increased development, job creation, and infrastructure improvements, which are expected to further drive housing demand and long-term property values.
This is a rare opportunity to acquire a stabilized, income-producing multifamily asset with strong current cash flow and additional upside potential in a rapidly improving area.
All measurements are approximate and not guaranteed, buyer to verify.
Location
State AL
County Mobile - Al
Direction Headed West on Government Street make a left onto Ann St, heading South. Make a right onto Illinois St. Property sits on the corner of Ann and Illinois St.
Interior
Heating Other
Cooling Other
Flooring Hardwood
Exterior
Fence Fenced
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
View Other
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Level
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Leinkauf
Middle Schools Calloway Smith
High Schools Lillie B Williamson
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other