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    307 W College St Carbondale, IL 62901

    For Sale
    $295,000

    Residential Income - Carbondale, IL

    Property size:
    2,900 SF
    Days on Market:
    26
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 307 W College St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    APN
    15-21-332-017
    Parking
    8
    Interior features
    Cable Available
    Exterior features
    Corner Lot, Level
    Size
    2,900 SF

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Number of units
    1
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    Commercial Realty Associates (618) 303-0700 [email protected]

    Listing agent Rolf Schilling (618) 303-0701 License #471012048

    Listing date Nov 18, 2025

    MLS# EB460503 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Income Property Near University

    This large, 2,900-square-foot home in Carbondale, Illinois, currently operating as a fraternity house, presents an opportunity for use as a rooming house. The property features two bedrooms on the first floor and seven bedrooms upstairs, with a bathroom on each level. The first floor includes wood flooring, tile, and carpet, while the upstairs flooring varies. The first floor boasts ceiling heights exceeding 9 feet. All rooms are spacious and well-lit. The basement is accessible from both the interior and exterior. Situated just two blocks from downtown Carbondale and three blocks from Southern Illinois University, the property benefits from a favorable walking score. The property is zoned R-3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carbondale
    County
    Jackson
    State
    Illinois
    Longitude
    -89.218929
    Latitude
    37.721375

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    FAQs

    What type of property is this?
    Single family property - Large home near downtown and university, suitable for rooming house.
    Where is this single family property located?
    The property is located at 307 W College St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Prime Location: Just 2 blocks from downtown Carbondale and 3 blocks from Southern Illinois University campus.; - High Ceiling: Enjoy over 9' ceiling height on the first floor.; - Multiple Bedrooms: Features 2 first-floor bedrooms and 7 upstairs.
    (618) 303-0701
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    Carbondale, IL 62901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 W College St Carbondale, IL 62901
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