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    Carmi, IL
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    Carmi, IL Multifamily Properties for Sale

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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.

    Ranch Duplex with Off-Street Parking
    Ranch Duplex with Off-Street Parking

    4100 Claremont Avenue, Evansville, IN 47712

    $229,900
    2,011 sqft 0.21 AC lot

    Well-maintained ranch duplex with off-street parking and private entrances for each unit.

    View details
    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    2923 Mt Vernon Avenue, Evansville, IN 47712

    $139,000
    2,095 sqft

    Three units consist of a fully occupied 1BR/1BA duplex plus a renovated 2BR/1BA home behind it.

    View details
    Mixed-Use Property With Storefront
    Mixed-Use Property With Storefront

    527 Church St, New Harmony, IN 47631

    $410,000

    Street-level commercial space is paired with two upstairs apartment units.

    View details
    Corner 5-Unit Multifamily Property
    Corner 5-Unit Multifamily Property

    702 EAST ST, New Harmony, IN 47631

    Contact for pricing
    0.23 AC lot

    Two-story wood-frame 5-unit rental property on a corner lot in New Harmony, Indiana.

    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 Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    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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