Listing provided courtesy of IXL Real Estate LLCMLS# 7722207MLS Provider
  • 122 days on site
  • 13 views

Located in a well-established residential corridor just minutes from downtown Mobile, 1561 Illinois Street presents an excellent opportunity for investors seeking both immediate rental income and long-term appreciation. This property benefits from convenient access to major employment centers, transportation routes, shopping, dining, and the thriving downtown waterfront. The home is positioned in an area experiencing continued growth and revitalization, making it attractive to both tenants and future buyers. Its strategic location supports consistent rental demand and offers investors flexibility for long-term hold, renovation and repositioning, or portfolio expansion. Whether you're a seasoned investor or expanding your real estate holdings, this property offers strong fundamentals, desirable location, and excellent upside potential.

Source: Mobile MLS, MLS#: 7722207

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  • Property Type
    Residential Income
  • Lot
    0.60 acres

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Leigh McPherson

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1561 Illinois Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/22/2026Source: Mobile MLS Price Reduction
$161,000 -12.1%
2/27/2026Source: Mobile MLS Added to Database
February 27, 2026