611 E Park St
Carbondale, IL 62901

TITLE TO THE PROPERTY NOT CURRENTLY HELD BY SELLER, SALE SUBJECT TO SELLER ACQUIRING TITLE PERSUANT TO A SEPARATE TRANSACTION. The Park Place East Apartments (the "Property") is a 74-unit efficiency student housing complex located in Carbondale, Illinois. The Property is a nicely maintained "pride of ownership" 3-story solid brick apartment structure, complete with a pitched A-line roof. The complex is currently ±33% occupied by 24 tenants, with 2 of the units utilized for storage. The complex was strategically designed, constructed, and located conveniently within walking distance to the main campus of the Southern University of Illinois (SIU). SIU is a well-known and highly respected public state university with a student population of approximately 17,292. The Park Place East Apartments are proudly displayed on the University's web page. In the very recent past, numerous upgrades and renovations were installed which include updated air conditioning, community-wide Wi-Fi, high-speed internet, laundry facilities, and video patrol. There remain a few less costly cosmetic upgrades that would further enhance the rental value of the Property. The Greater Carbondale metropolitan community is the 6th most populous statistical area within the State of Illinois. The upscale community is rich in culture and the arts, with attractions that include the Carbondale Community of the Arts, The McLoad Theater, The Stage Company, and the Varsity Center. The educational centers include the Southern Illinois University Carbondale, Brehm Repertory School, Carbondale New School, LES 95, Giant City School, John A. Logan College, Trinity Christen School, and the Unity Point School. Community museums include the African American Museum, John A. Logan Museum, R. Buckminster Fuller Dome House, and the SIU University Museum. There remain a few less costly cosmetic upgrades that would further enhance the rental value of the Property. The Greater Carbondale metropolitan community is the 6th most populous statistical area within the State of Illinois. The upscale community is rich in culture and the arts, with attractions that include the Carbondale Community of the Arts, The McLoad Theater, The Stage Company, and the Varsity Center. The educational centers include the Southern Illinois University Carbondale, Brehm Repertory School, Carbondale New School, LES 95, Giant City School, John A. Logan College, Trinity Christen School, and the Unity Point School. Community museums include the African American Museum, John A. Logan Museum, R. Buckminster Fuller Dome House, and the SIU University Museum.