502 S UNIVERSITY Avenue Carbondale, IL ^$ 499,900

502 S UNIVERSITY Avenue

^$ 499,900

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502 S UNIVERSITY Avenue

Carbondale, IL, 62901

^$ 499,900

Bedrooms7 Baths0.0 Sq 7,245

Monthly Estimate*

^$ 3,078

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Multi-Family Home for sale in Carbondale, IL

for $499,900 with 7 bedrooms. This 7,245 square foot home was built in 1972.

2 Story Fraternity house close to SIU campus offering 8 efficiency units plus additional Landlord/manager unit - This rare investment provides excellent rental history, prime location and good income - partial walk- out basement for easy maintenance access - concrete parking with 15 spaces - fire suppression system and fire doors - common versatile areas offer meeting rooms, dining, gaming and fireplace - large entry foyer - nice patio area and outdoor relaxation on covered deck - This property has the prime location for potential retail on lower lever - Current leases and property manager in place

Multi-Family Active

Price

^$ 499,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 11,232

Style

Year Built

1972

Town/City

Carbondale

County/Region

Jackson

MLS | Web ID

EB460646

Features

General

Cooling Central Air

Zoning MULTI

Construction Materials Vinyl Siding

Year Built 1972

Electric Separate Meters

Stories Count 2

Tax Year 2024

Gross Income 103680

County Jackson

Net Operating Income 50948

Operating Expense 41500

Insurance Expense 6000

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 7500

Status Active

Directions From Route 13/ W Walnut St downtown Carbondale turn South on University - Go two blocks to property on the Right

City Carbondale

Number Of Units Total 9

MLS Area Carbondale

Tax Annual Amount 11232

Electric Expense 7200

Fuel Expense 3500

Trash Expense 2500

Water Sewer Expense 2500

Additional Parcels Y/N N

Standard Status Active

Exterior

Building Area Total 7245

Lot Dimensions 164x106x164x98

* Excluded Features

List By

Shamrock Real Estate

Broker

bmillerporter@gmail.com

Affordability Calculator

$4,014

Per Month

Monthly Principal & Interest: $3,078
Monthly Property Taxes: $936
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Carbondale, IL

Average List Price ^$231,233

Percent of Sale Price 54%

About Carbondale, IL

24,305 Population

13% Since 2002

^$24,168 Median Income

25.29 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2026	$499,900		Listed Price

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502 S UNIVERSITY Avenue, Carbondale, IL, 62901 is a Multi-Family Home for sale at $499,900 with 7,245 sqft. 502 S UNIVERSITY Avenue has 7 bedrooms, 0.0 baths, and was built in 1972. The property's zip code is 62901 which is in Carbondale, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 3/26/2026.

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502 S UNIVERSITY Avenue

Multi-Family Home for sale in Carbondale, IL

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