David Mirdadi - Chicagoland Brokers Inc Logo
$359,900
( $49.68Per Sq Foot )
 $1,932 est/mo Sourced by Back At You

502 S University Avenue,Carbondale, IL 62901

Carbondale, IL 62901

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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

Details

MLS #EB460646
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1972
Days On Site262
Listing Provided BySHAMROCK REAL ESTATE | BETH MILLER-PORTER

Features

SQ Feet7,245
Story(s)2
Units9
ZoningMULTI
Acreage0.40

Interior

CoolingCentral Air

Exterior

Construction MaterialsVinyl Siding

Utilities

ElectricSeparate Meters

Taxes

Tax Year2024
Tax Annual Amount11232

Area Information

StateIL
CountyJackson
CityCarbondale
Zip Code62901
AreaCarbondale
Listing VS Median (in 62901)
Price:
$359,900
low | high
Med:
$158,400
100% of Average
sqft:
7,245
low | high
Med:
3,244
100% of Average
$ / sqft:
$50
low | high
Med:
$49
51.758594521643% of Average
On site:
262
low | high
Med:
502
52.191235059761% of Average
Sourced by Back At You

Market Activity 62901

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Learn More About This Property

David Mirdadi

David Mirdadi

Chicagoland Brokers Inc

 (773) 455-6666homes@mirdadi.com
StateIL
CountyJackson
CityCarbondale
Zip Code62901
AreaCarbondale
Listing VS Median (in 62901)
Price:
$359,900
low | high
Med:
$158,400
100% of Average
sqft:
7,245
low | high
Med:
3,244
100% of Average
$ / sqft:
$50
low | high
Med:
$49
51.758594521643% of Average
On site:
262
low | high
Med:
502
52.191235059761% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $269K - $449K
sqft: 5,000 - 9,000
Nearby Listings Property ImageNearby Listings Details
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300 S ILLINOIS Avenue Property Photo 1
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718 S ILLINOIS Avenue Property Photo 1
$275,000
718 S Illinois Avenue
Carbondale, IL 62901
101 W MONROE Street Property Photo 1
$1,750,000
101 W Monroe Street
Carbondale, IL 62901
Listing Updated: August 11, 2026 at 5:34:40 PM PDT

David Mirdadi - Chicagoland Brokers Inc