424-288-1759
, Carbondale, IL for Sale
Multi-Family - FOR SALE
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The Hill & The Metropolitan
Carbondale, IL


HIGHLIGHTS

  • Substantial occupancy upside against a growing demand base
  • Attractive basis below replacement cost
  • Immediate scale across two adjoining assets
  • Hybrid student and conventional leasing diversifies demand
  • Walkable location anchored by Southern Illinois University
  • Offered free and clear of existing debt

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to present The Hill and The Metropolitan, a 112-unit portfolio located in Carbondale, Illinois, immediately proximate to Southern Illinois University Carbondale (“SIU”), the market’s dominant demand generator. Built in 1969 and 1970, respectively, The Hill (46 units) and The Metropolitan (66 units) sit within walking distance of one another and of SIU and SIH Memorial Hospital of Carbondale, two of Southern Illinois’s largest employers. The Portfolio is currently operating at an average occupancy of 88% (July 2026) against a backdrop of rising university enrollment — SIU posted its third consecutive year of spring enrollment growth in 2026, with fall 2025 enrollment of 11,785 students — positioning incoming ownership to close the occupancy gap through disciplined leasing and operational execution rather than new demand generation. Offered free and clear of existing debt and at a very attractive basis below replacement cost, the portfolio presents new capital with immediate scale and a favorable going-in basis in an insulated, single-employer-anchored market.

ASK ABOUT THIS PROPERTY

Corey EganMMGMore Info
424-288-1759

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Corey EganMMGMore Info
424-288-1759

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.