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    Mount Carmel, IL
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    Princeton, IN Patoka, IN Hazleton, IN Owensville, IN Browns, IL Decker, IN Fort Branch, IN Griffin, IN
    Mixed-Use Commercial and Multifamily Building
    Updated: Sep 1, 2024
    Mixed-Use Commercial and Multifamily Building

    Mount Carmel, IL 62863

    $142,500
    Mixed‑use building with storefront and office space, plus storage/workshop and up to 6 apartment units
    Includes five 1‑bed, 1‑bath units; each has a kitchen and laundry room, with rents reported at $700–$750/month plus utilities
    Security features include surveillance and an alarm system, plus CO2 and smoke detectors throughout
    HVAC includes 4 FWA furnaces and multiple central air units; at least one apartment unit requires maintenance
    Flat roof is recoated semi‑annually; more recent updates include electrical, water lines, picture windows, drain lines, and downstairs apartment updates
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mount Carmel, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Small Multifamily Building
    Small Multifamily Building

    2848 Pennsylvania Street, Evansville, IN 47712

    $279,000
    4,560 sqft

    Five-unit multifamily property with coin laundry, front and rear parking, and newer roof.

    View details
    Fully Occupied Multifamily Building
    Fully Occupied Multifamily Building

    218 North 4th Avenue, Evansville, IN 47710

    $409,900
    2,414 sqft

    10-unit multifamily property with five efficiency and one one-bedroom unit, generating $2,445 monthly rental income.

    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.

    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

    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.

    View details
    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.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Mount Carmel, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Mount Carmel, IL on our real estate platform.

    Sale prices for two-family homes in Mount Carmel, IL average $142,500 — 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 9,438
    Population Growth (5Y) -3.9%
    Median Household Income $52,073
    College Educated 25.7%

    Taxes & Financing

    Tax Rate (average for all types) 7.07%
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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