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    502 W Freeman St Carbondale, IL 62901

    Pending
    For Sale
    $80,000

    Residential Income - Carbondale, IL

    Property size:
    1,200 SF
    Days on Market:
    16
    Last Refresh:
    Dec 11 at 2:06 am

    Property Features for 502 W Freeman St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    15-21-332-008
    Parking
    11
    Interior features
    Cable Available
    Size
    1,200 SF

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas
    Cooling system
    Central Air

    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 26, 2025

    MLS# EB460431 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

    Carbondale Residential Income Property

    This residential income property is a four-bedroom home located in Carbondale, Illinois, near Southern Illinois University (SIU). The property, with wood floors throughout, is currently leased for $1250 per month until July 2026. It features ample storage and parking available in both the front and back of the building. The property size is approximately 1200 square feet. Please note that some deferred maintenance requires attention, and the property is being sold AS IS with no warranties.
    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
    -89.220829
    Latitude
    37.720785

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    FAQs

    What type of property is this?
    Residential income property - Four-bedroom investment property near SIU, leased until July 2026.
    Where is this residential income property located?
    The property is located at 502 W Freeman St Carbondale, IL.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Significantly under assessed value: Priced at $80,000, while assessed at over $100,000.; - Existing lease: Currently leased for $1250/month until July 2026, providing immediate income.; - Ideal investment property for investors seeking rental income.
    (618) 303-0701
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    502 W Freeman St Carbondale, IL 62901
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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
    502 W Freeman St Carbondale, IL 62901
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