502 S UNIVERSITY AVE, Carbondale, IL 62901
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502 S UNIVERSITY AVE, Carbondale, IL 62901
502 S UNIVERSITY AVE, Carbondale, IL 62901
502 S UNIVERSITY AVE, Carbondale, IL 62901
502 S UNIVERSITY AVE, Carbondale, IL 62901
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Samuel Stella

Samuel Stella

+1(224) 426-4652
$ 359,900
Est. payment /mo
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Price Dropped by $90K

502 S UNIVERSITY AVE Carbondale, IL 62901

7,245 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,245 sqft

Price per Sqft $49

MLS Listing ID EB460646

Maintenance Fees $7,500

Year Built 1972

Annual Tax Amount $11,232

Tax Year 2024

Lot Dimensions 164x106x164x98

Property Sub-Type Multi Family 5+

Property Description

2 Story Fraternity house close to SIU campus - 9-unit property offers the potential to accommodate up to 17 occupants - features 8 efficiency units plus additional Landlord/manager unit - Total of 9 bedrooms and 9.5 bathrooms with versatile layout offering an investor multiple options for maximizing income-producing potential. This rare investment provides excellent rental history plus prime location and good income - partial walk- out basement for easy maintenance access - concrete parking with 15 spaces - fire suppression system and fire doors -Multiple common areas suitable for meetings, dining, recreation, and gaming - large entry foyer - nice patio area and outdoor relaxation on covered deck - prime location for potential retail on lower lever -Numerous property improvements completed in 2008 with continued maintenance - Current leases and property manager in place - Ideal for investors seeking an established rental property

Location

State IL

County Jackson

Area Carbondale

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Vinyl Siding

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by BETH MILLER-PORTER of  SHAMROCK REAL ESTATE 

NEARBY SCHOOLS & PROPERTIES

Samuel Stella

Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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502 S UNIVERSITY AVE

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