Apartment Building

Mount Vernon, IL Apartment Buildings for Sale

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Opdyke, IL Bonnie, IL Nason, IL Dix, IL Woodlawn, IL Waltonville, IL Texico, IL Ina, IL
Five-Building Apartment Property
Updated: Nov 5
Five-Building Apartment Property

Mount Vernon, IL 62864

$650,000
1.30 AC lot
Five apartment buildings with 21 units: 19 one‑bedroom and 2 two‑bedroom apartments
1.3‑acre corner property with frontage on two roads and multiple entrances
Separate office building with a full bathroom, plus a storage garage
Three vacant lots included
Central air and window‑unit cooling
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1 active listing matches your search: Apartment Building for sale in Mount Vernon, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

8-Unit Apartment Building
8-Unit Apartment Building

7346 State Rte. 15, Saint Libory, IL 62282

$540,000
8 units  0.68 acres  Multi-tenant
100% occupied / 8.4% cap rate / $68,700 gross income

Eight occupied apartments include one- and two-bedroom layouts with month-to-month leases.

20 spaces
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Historic Six-Unit Apartment Building
Historic Six-Unit Apartment Building

209 N SPRINGER Street, Carbondale, IL 62901

$150,627
6 units  Built 1900  0.24 acres
100% occupied

Six leased apartments combine historic character with stone construction and window-unit cooling.

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Renovated 11-Unit Apartment Building
Renovated 11-Unit Apartment Building

910 W SYCAMORE Street, Carbondale, IL 62901

Contact for pricing
11 units  Built 1948

The property carries Commercial zoning and uses an all-inclusive rental structure.

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Former Church Apartment Complex Project
Former Church Apartment Complex Project

700 3rd St, Carmi, IL 62821

Contact for pricing
12,600 sqft  Built 1929 / renov 2023

14-unit apartment complex project for sale with significant potential.

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Mount Vernon, IL Apartment Buildings Market Trends and Statistics

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

Sale prices for apartment complexes in Mount Vernon, IL average $650,000 — 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 23K
Population Growth (5Y) -2.2%
Median Household Income $58,082
College Educated 29.2%

Taxes & Financing

Tax Rate (average for all types) 8.51%
Property Tax per SF $51.70 per SF
Tax Rate vs County Average 0.11 pp above county avg
Average Loan-to-Value 65.0%

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