Contact us: 563.441.1776
Description
Opportunity awaits at 408 W. Freeman Street in Carbondale! Formerly utilized as a fraternity house and currently operating as student housing, this substantial property offers a unique combination of space, income potential and flexibility just minutes from Southern Illinois University. The property features 12 bedrooms, 4 full bathrooms and expansive common areas, including a large living room, dining area, spacious kitchen and additional gathering/bar room. Currently occupied by 10 students with reported rental income of $4,200 per month. Tenants pay their own utilities, with the owner currently responsible for trash service. Additional features include ample off-street parking, multiple HVAC components, two water heaters and a Generac standby generator with automatic transfer equipment. With its high-capacity layout and established rental use, this property presents an intriguing opportunity for investors, student-housing operators or buyers seeking a property with substantial space and redevelopment potential. Property is being offered in its present condition. Buyer to independently verify property use, zoning, occupancy allowances, bedroom count, financial information and all other information material to buyers intended use.
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Available Sqft: 4645
Year Built: 1980
General Information
County: Jackson
Listed By:
HOUSE 2 HOME REALTY
Mobile: 618-663-5342
RMLSA
MLS ID: PA1269365
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408 W Freeman Street, Carbondale, IL 62901.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $750,000 | $750,000 | $750,000 |
| Down Payment | $150,000 | $26,250 | $187,500 |
| Monthly Mortgage Amount | $3,792 | $4,655 | $4,709 |
| Taxes | $1044 | $1044 | $1044 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $330 | $0 |
| Monthly Estimated Total | $5,055 | $6,248 | $5,972 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 09/06/2026. The listing information on this page last changed on 09/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 09/06/2026 12:15:45 AM EST) or MRED MLS (last updated Sun 09/06/2026 12:11:53 AM EST) or SCWMLS (last updated Sat 09/05/2026 11:55:27 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 09/05/2026 10:15:27 PM EST) or Cedar Rapids MLS (last updated Sat 09/05/2026 10:44:38 PM EST) or NEIRBR MLS (last updated Sun 09/06/2026 12:08:41 AM EST) or ICAAR MLS (last updated Sat 09/05/2026 8:32:38 AM EST) or ECIMLS (last updated Sat 09/05/2026 11:44:33 PM EST) or RMLSA (last updated Sun 09/06/2026 12:10:57 AM EST) or Muscatine MLS (last updated Sun 09/06/2026 12:00:10 AM EST) or No Coast MLS (last updated Sun 09/06/2026 12:14:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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.
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