1302 &1306 Walnut Street,Murphysboro, IL 62966
Murphysboro, IL 62966
Description
Exceptional mixed-use investment opportunity in the heart of downtown Murphysboro! This unique offering consists of two sister buildings connected by a shared hallway that provides access to the upstairs residential units, creating a cohesive property with multiple income-producing opportunities under one ownership. The main level features two storefronts along Walnut Street, currently occupied by established long-term tenants, including a popular retail shop and a hair salon that have become staples of the local community. Upstairs, you'll find two beautifully maintained residential units full of character and charm. One unit currently operates as a furnished short-term rental, while the second is occupied by a long-term tenant, providing a combination of flexibility and dependable income. The current owners purchased the property in 2018 and completed an extensive renovation of both buildings, investing significant time and resources into preserving the historic character while modernizing the property for today's market. New roofs were also installed by Clover Roofing in 2022. Their pride of ownership and commitment to the community are evident throughout, they would love to see a new owner continue building on what they have created. The residential spaces offer a downtown loft-style atmosphere with vintage details, exposed character, and a welcoming retro feel that is increasingly difficult to find. Recent improvements, including a newer roof and updated HVAC systems, add value and peace of mind. An additional unfinished area within one of the buildings presents an opportunity to create another office suite, studio apartment, or efficiency rental for even more income potential. For an owner-occupant, this property presents a rare opportunity to live on-site while benefiting from multiple revenue streams generated by the commercial and residential units. Whether you're looking to invest in your living expenses, expand your investment portfolio, or own a landmark downtown property with room for future growth, this one-of-a-kind asset offers historic charm, strong income potential, and exciting possibilities for the next chapter.
Details
| MLS # | 12676091 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 90 |
| Listing Provided By | Coldwell Banker DHH Realty | RAE HANNA |
Features
| Bed(s) | 4 |
|---|---|
| SQ Feet | 5,996 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Rooms Total | 7 |
|---|---|
| Cooling | Central Air |
| Heating | Electric |
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 1617.56 |
Area Information
| State | IL |
|---|---|
| County | Jackson |
| City | Murphysboro |
| Zip Code | 62966 |
| Area | Murphysboro |
| Listing VS Median (in 62966) | |
Price: $350,000 low | high Med: $152,450 sqft: 5,996 low | high Med: 1,268 $ / sqft: $58 low | high Med: $120 On site: 90 low | high Med: 77.5 | |
Market Activity 62966
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Learn More About This Property
| State | IL |
|---|---|
| County | Jackson |
| City | Murphysboro |
| Zip Code | 62966 |
| Area | Murphysboro |
| Listing VS Median (in 62966) | |
Price: $350,000 low | high Med: $152,450 sqft: 5,996 low | high Med: 1,268 $ / sqft: $58 low | high Med: $120 On site: 90 low | high Med: 77.5 | |