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0 Beds
7,245 sqft

$359,900

502 S UNIVERSITY Avenue, Carbondale IL, 62901

Price per sqft$49.68
Built in1972
Property size7,245 sqft
Property typeMulti-family
Listed by BETH MILLER-PORTER with SHAMROCK REAL ESTATE 618-318-3188

Overview

Active

Listed Dec 3, 2025

Updated Aug 12

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

$2,394/mo

Est. mortgage payment based on a $359,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$11,232
Tax Frequency
Annually
Maintenance Expense
$7,500
MLS provider logo

Listed by BETH MILLER-PORTER with SHAMROCK REAL ESTATE 618-318-3188

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Michael LaFido are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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Data is refreshed every 3 hours. Listing last updated 3:08 AM UTC on 8/12/2026. 

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