USAALMobileGlendale Park1300 Illinois St

1300 Illinois St, Mobile, AL

Name: 1300 Illinois St, For Sale in Mobile - eXp Realty
Brand: Bellator Real Estate LLC Mobile
SKU: 7730097
Price: 600000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$600,000

008

MLS® 7730097

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage No

HOA Fees

Taxes $1,664

Days Active 4

Approx. Age

MLS® Number 7730097

Property Address: 1300 Illinois St, Mobile, AL, 36604-1813

Average square foot calculated using Size range provided by listing agent.

Description

Renovated six-unit, high-income producing apartment building offering a strong and diversified income stream. The property consists of four fully furnished short-term rental units and two long-term rentals, creating an attractive blend of stable tenancy and higher-yield short-term rental income. The short-term units are professionally furnished with updated furniture, bedding, and supplies and are currently operating at near full occupancy, while the two long-term units are leased to reliable tenants providing consistent baseline income. 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.

MLS® Number7730097

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 6, 2026List Date

$600,000List Price

-End Date

Not Sold YetSold Price

For Sale

Mar 6, 2026List Date

$600,000List Price

Commute

Commute

Starting Address

Destination Address

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