AL
Mobile - AL
Mobile
36604
1300 Illinois Street
1300 Illinois Street, Mobile, AL 36604
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Listing Type
Multi Family
Listing Status
Active
21
$600,000

Home Details for 1300 Illinois Street

Price
$600,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
0.1683
County
Mobile - AL
Garage
Days on site
0
MLS Listing#
7730097
Property 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.

Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Sewer Available
    • Water Available
  • Cooling Information
    • Other
  • Heating Information
    • Other
  • Water Features
    • Public
  • Parking
    • Parking Lot
School Information
School Information for 1300 Illinois Street, Mobile, AL 36604
Elementary School
Leinkauf
Middle School
Calloway Smith
High School
Lillie B Williamson
Listing Courtesy: Bellator Real Estate LLC Mobile - 251-343-7777
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Mobile Area Association of REALTORS® is committed to providing an accessible website. If you require assistance accessing this site's content, viewing a file or accessibility problems, please contact the Association. Copyright ©2026, All rights reserved.
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Gulf Coast MLS / Mobile Area Association of REALTORS(R).
EXIT ALLSTAR REALTY
6606 Old Shell Rd, Mobile, AL 36608
Vickie Tillman
License #: 125416-0
Sales Representative
Office
251 380 0990
Agent
251 786 2298
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