Skip To Content

502 S University Avenue

Carbondale, IL 62901
  • $499,900
  • STATUS: Active
  • MLS #: EB460646
UPDATED: 59 min ago
$499,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

Description

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

Monthly Payment Calculator




© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.chicagocityliving.com/homes/174255864
Print Image

502 S University Avenue Carbondale, IL 62901

  • Price: $499,900
  • Status: Active
  • On Site: Days
  • Updated: 59 min ago
  • MLS #: EB460646
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
Jackson
County:
Jackson
Area:
Jackson
Property Description
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
Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of Dishwashers 0 Number Of Dryers 2 Number Of Ranges 9 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Building Area Total 7245 Built Before1978 YN Yes Electric Separate Meters Gross Income 103680 Gross Scheduled Income 103680 Insurance Expense 6000 Maintenance Expense 7500 Mls Actual Status Active Net Operating Income 50948 Operating Expense 41500 Property Offered For Sale Only Tax Annual Amount 11232 Tax Year 2024 Total Monthly Income 8640 Type Multi Family 5+ Zoning MULTI

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of SHAMROCK REAL ESTATE: 618-357-5333.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T23:03:57.62 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_EB460646-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_EB460646-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_EB460646-1.jpg
Logo
Leila Keene & Marjorie Allabastro Team | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642