502 S UNIVERSITY Avenue, Carbondale, IL — $359,900

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Price cut: $140,000

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Multi Family 5+ · Carbondale, IL

$359,900$499,900

— beds · — baths

502 S UNIVERSITY Avenue, Carbondale, IL, 62901

A brick-and-mortar place to make your own — room to make it home.

Active

Overview The home Cost Payments Features Schools Neighborhood

What’s special

Central air

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

— the listing agent’s description

The home

Built in 1972

Lot 164x106x164x98

Multi Family 5+

What it’ll cost

$11,232 taxes / yr

No HOA

Listed $499,900

Now $359,900

252 days on dwello

Estimated monthly payment

$2,955/mo

Principal & interest$1,914

Property taxes$936

Homeowners insurance$105

Home price$

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WED

Jun 3

THU

Jun 4

FRI

Jun 5

SAT

Jun 6

11:00 am

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252 days on dwello

Price history

Price reduced

Jul 29, 2026

↓ $140,000$359,900

Listed for sale

Dec 3, 2025

$499,900

Now $140,000 below the original list price.

Property taxes

2025

Annual tax bill (MLS)

$11,232/yr

From county records — verify with the assessor.

Features

Central AirVinyl Siding

Schools nearby

Springmore School · 0.3 mi

Thomas Elementary School · 0.8 mi

Winkler Elementary School · 1.0 mi

Lewis Elementary School · 1.4 mi

This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.

Neighborhood

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MLS listing data

Listed by BETH MILLER-PORTER · SHAMROCK REAL ESTATE

Listing last updated Aug 11, 2026 · data refreshed from the MLS Aug 11, 2026, 11:43 PM CT

Based on information submitted to the MLS GRID as of Aug 11, 2026, 11:43 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.

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