Apartment Buildings in Carbondale, IL
LIVE AND ONLINE BIDDING

Introducing an exceptional multifamily investment opportunity in the heart of Carbondale, home to Southern Illinois University Carbondale. The upcoming multi-unit apartments offer strong income potential in one of Southern Illinois’ most stable rental markets.

Ideally located near campus, shopping, dining, and major commuter routes, the properties are designed to meet continued demand for quality rental housing from students, faculty, healthcare professionals, and local residents.

Whether you’re expanding your portfolio or entering the Southern Illinois market, the properties present an opportunity to secure a high-demand asset in a proven rental market.

This sale is being conducted per court Order entered on December 17, 2025, in Jackson County Case No. 2023FC18. All sales are subject to court approval.

 509 Rawlings St., Carbondale, IL

• 7-unit Apartment Building 
• Tax ID #15-21-326-006

503 W College St, Carbondale IL

• 6-Unit apartment building
• 2 story with walkout basement
• Tax ID # 15-21-332-003

507-515 S Beveridge, Carbondale IL

• 20-unit apartment complex (4 buildings with 5 units each)
• Each building has 2 levels above grade and a lower level partially below grade
• Tax ID #’s
  • 15-21-328-005
  • 15-21-328-006
  • 15-21-328-007
  • 15-21-328-008
  • 15-21-328-017
  • 15-21-328-018

600 S. Washington St., Carbondale IL

• 9-unit apartment building
• 3 story
• Tax ID #’s
  • 15-21-410-003
  • 15-21-410-004
  • 15-21-410-005

710 W. College St., Carbondale IL

• 6-unit apartment building
• 3 story
• Tax ID #’s
  • 15-21-308-008
  • 15-21-308-009

The terms of the sale are as set forth in the Judgment of Foreclosure and Sale entered on December 17, 2025 in Jackson County Case No. 2023FC18. A summary of which is as follows: 

Pursuant to 735 ILCS 5/15-1506(f)(4) the real estate shall be sold by public and online auction for cash by John Kurtz, auctioneer and real estate broker of Kurtz Auction and Realty as the Selling Officer, in accordance with statutory provisions. The time and date of the sale shall be: April 13, 2026, at 11:00 a.m. The public auction of the Premises shall be conducted at The Newman Center located at 715 S. Washington St., Carbondale, IL 62901 and online at www.kurtzauction.com, or at www.nextlot.com.       

Terms and Conditions for Selling Officer’s Sale of Real Estate by Auction Company:

A. John Kurtz is authorized to charge an Auctioneer’s fee which will be paid as follows: 2 ½% to be paid by Buyer via a Buyer’s premium.

B. Bidding shall be made without conditions and with no contingencies of any kind. The Property shall be sold “AS IS AND WHERE IS” with no representations or warranties of any kind being made to the Buyer. John Kurtz shall not be held to answer to any claims whatsoever concerning the condition and/or title to the Property;

C. Immediately upon conclusion of the auction, the highest bidder shall: 

    i.  Execute a Bid Confirmation Agreement binding the bidder to complete the transaction; and 

   ii. Deliver to John Kurtz, a cashier’s check or other certified funds payable to Kurtz Auction and Realty in the amount of ten thousand dollars ($10,000.00) which shall be a nonrefundable “earnest money” deposit for the purchase of the Property. 

D. Within three (3) business days after the auction, the Bidder will be required to remit, if applicable, an additional non-refundable earnest money deposit in an amount necessary to bring the total earnest money deposit to ten percent (10%) of the bid price; 

E. John Kurtz shall see that the following take place to finalize the transfer of the Property:

   i.Within forty-five (45) days after the date of sale, a cashier’s check or other certified funds shall be delivered by Buyer to John Kurtz for the balance of the bid price plus buyer premium with credit given for earnest money previously paid. A Certificate of Sale will at that time be issued and delivered to the Buyer;

   ii.The Judicial Deed along with fees and other such documents as may be required by the Recorder and/or other officials of Jackson County, Illinois (“County”) are provided by John Kurtz so that the Judicial Deed will be recorded in the public record;

   iii. The Judicial Deed shall be delivered by John Kurtz, Peoples National Bank, N.A., or its designated agent to the Buyer; and 

   iv.Subsequent to the entry by the Court ordering approval of the sale, John Kurtz shall remit the net proceeds of the sale to Peoples National Bank, N.A., including advertising expenses as provided herein, buyer’s premium, and recording costs. Payment to John Kurtz for its expenses and buyer premium shall be made prior to the payment of any other item, fee, or expense. 

F. If the Buyer fails to timely deliver the second earnest money installment or the final balance of the sale price to John Kurtz, then:

   i.  John Kurtz is authorized to sell the Property to a backup bidder from the original sale if in the judgment of John Kurtz, the price a backup bidder is willing to pay is a greater amount than a subsequent sale is likely to realize after payment of advertising and other costs for the subsequent sale. If this is not the case, the sale shall then be reset under the same terms as herein provided. In either instance, the first or original buyer’s deposit monies shall be forfeited and applied first to any costs or expenses of John Kurtz, the Sheriff, Treasurer, and/or Peoples National Bank, N.A., in connection with the sale; and 

   ii. Alternatively, additional time may be given to bidder for delivery of the funds with an additional escrow deposit by the bidder and the agreement of both John Kurtz and Peoples National Bank, N.A.

G. The Buyer shall have the rights to possession and title to the Property upon confirmation by the Court and delivery of a deed to Buyer; 

 H. The Buyer shall be responsible for the payment of all taxes and assessments for installments due and owing at the time of the sale and accrued subsequent thereto; 

Evidence of Title:  This property is offered for sale without any representation as to quality or quantity of title and without recourse to Plaintiff and in "as is" condition.  The sale is further subject to confirmation by the court.  Plaintiff makes no representation as to the condition of the property.  Prospective bidders are admonished to check the court file to verify all information.

Real Estate Taxes:  The Buyer shall be responsible for the payment of all taxes and assessments for installments due and owing at the time of the sale and accrued subsequent thereto. 

Possession: The Buyer shall have the rights to possession and title to the Property upon confirmation by the Court and delivery of a deed to Buyer.

For questions, please call John Kurtz or Jason Blue at 812-452-3191.