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    Carmi, IL
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    Crossville, IL Enfield, IL New Harmony, IN Norris City, IL Mill Shoals, IL Grayville, IL Mount Vernon, IN Griffin, IN
    Former Church Apartment Complex Project
    Updated: Mar 5, 2024
    Former Church Apartment Complex Project

    700 3rd St, Carmi, IL 62821

    Contact for pricing
    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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 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

    Opportunities in Nearby Cities

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

    11-Unit Apartment Portfolio
    11-Unit Apartment Portfolio

    509 Se 1st St, Evansville, IN 47713

    $895,000
    8,327 sqft

    Three apartment properties are offered together in Evansville’s Historic District with professional management already in place.

    View details
    Henderson Multifamily Turnkey Community
    Henderson Multifamily Turnkey Community

    242 Shenandoah Place, Henderson, KY 42420

    Contact for pricing
    26,700 sqft

    20-unit multifamily property with recent and ongoing capital improvements.

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    Six-Unit Residential Income Property
    Six-Unit Residential Income Property

    1120 Harriet Street, Evansville, IN 47710

    Contact for pricing

    Six rental units include five 1-bedroom and one 2-bedroom unit, with owner-paid utilities and recent electrical and hot water upgrades.

    View details
    Value-Add Multifamily Portfolio
    Value-Add Multifamily Portfolio

    2650 Sunset Ln, Henderson, KY 42420

    Contact for pricing

    Henderson, KY apartment portfolio with spacious units and interior renovation upside, with noted rent growth momentum in the market.

    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.

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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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