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    Carmi, IL
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    Carmi, IL Apartment Buildings for Sale

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    Enfield, IL Crossville, IL Mill Shoals, IL
    Former Church Apartment Complex Project
    Updated: Mar 5, 2024
    Former Church Apartment Complex Project

    700 3rd St, Carmi, IL 62821

    $399,000
    12,600 sqft
    High Income Potential: Building has potential to earn $10,000+ per month once fully leased.
    New Construction Units: Five units are brand new with new framing, insulation, plumbing, electrical, drywall, flooring, and paint.
    Large Parking Lot: Approximately 60 parking spots adjacent to the building offer potential for storage units or additional buildings.
    Steady mix of unit types including 3‑bedroom, 2‑bedroom, studio, and 1‑bedroom apartments.
    New HVAC Systems: Four of the five HVAC systems are brand new.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Carmi, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Italianate Multifamily Building
    Italianate Multifamily Building

    702-704 SE Second Street, Evansville, IN 47713

    $568,000
    6,794 sqft · 0.24 AC lot

    Offers four apartments plus a carriage house over a two-car garage, with a new roof installed in 2025.

    View details
    1 Story, Five Or More - Calvert City, KY
    1 Story, Five Or More - Calvert City, KY

    620 South Main St, Calvert City, KY 42029

    $959,900

    Eight-unit multifamily property with high occupancy and rental upside.

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    Newly Redeveloped Multifamily Community
    Newly Redeveloped Multifamily Community

    301 NW 3rd St, Evansville, IN 47708

    $7,000,000

    59-unit multifamily community in Evansville, Indiana, completed in 2025.

    View details
    I-24/I-69 Frontage Land Opportunity
    I-24/I-69 Frontage Land Opportunity

    957 Truck Plaza Ln, Calvert City, KY 42029

    $1,999,999
    119.88 AC lot

    Prime 119.88-acre land with I-24/I-69 frontage.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft · 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details

    Off-Market Properties in Carmi, IL

    Consider similar Off-Market properties in Carmi, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    700 3Rd St
    Multifamily properties

    700 3Rd St, Carmi, IL 62821

    Value Estimation by Request
    12,600 sqft
    View details

    Carmi, IL Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Carmi, IL on our real estate platform. These investment opportunities span a total of 12,600 square feet of properties for sale, with an estimated market value of $399,000.

    Sale prices for two-family homes in Carmi, IL start at $399,000, averaging $399,000, and reaching up to $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 6,896
    Population Growth (5Y) -3.9%
    Median Household Income $54,471
    College Educated 24.5%

    Taxes & Financing

    Tax Rate (average for all types) 7.44%
    Tax Rate vs County Average 0.28 pp below county avg
    Average Loan-to-Value 65.0%

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