Multifamily

Carmi, IL Multifamily Properties 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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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.

Updated Duplex with Private Entrances
Updated Duplex with Private Entrances

4100 Claremont Avenue, Evansville, IN 47712

$234,900
2,011 sqft · 0.21 AC lot

Well-maintained duplex with private entrances, off-street parking, and recent interior upgrades, with both units currently occupied.

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Mobile Home Park Opportunity
Mobile Home Park Opportunity

619 Sandy Ln, Morganfield, KY 42437

$374,900
0.73 AC lot

Mobile home park with expansion potential in Morganfield, Kentucky.

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Four-Unit Apartment Complex For Sale
Four-Unit Apartment Complex For Sale

3426 Igleheart Avenue, Evansville, IN 47712

$226,000
3,125 sqft

Fully rented four-unit apartment complex near shopping and schools.

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Diverse Business with Rental Units
Diverse Business with Rental Units

1000 E Main St, Fairfield, IL 62837

$685,000
7,200 sqft · 4.50 AC lot

Business with real estate, showroom, shop, and 36 rental units.

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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.

Grand Rivers Land Opportunity
Grand Rivers Land Opportunity

L 41 & 42 Rolling Meadows Rd lot: 41 & 42, Grand Rivers, KY 42045

Contact for pricing
2.84 AC lot

2.84 acres near I-24 and lakes in Grand Rivers.

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Marshall County Land For Sale
Marshall County Land For Sale

266 Lone Valley Road, Gilbertsville, KY 42044

Contact for pricing
0.47 AC lot

0.47 acre lot near KY and Barkley Lakes.

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Residential Lot in Ledbetter, KY
Residential Lot in Ledbetter, KY

297 Golden Meadow Lane lot: 6, Ledbetter, KY 42058

Contact for pricing
0.40 AC lot

Level lot suitable for building or manufactured home in Ledbetter.

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Residential Lot in Ledbetter, KY
Residential Lot in Ledbetter, KY

307 Golden Meadow Lane lot: 7, Ledbetter, KY 42058

Contact for pricing
0.36 AC lot

Level lot suitable for building or manufactured home.

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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
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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, with an estimated market value of $399,000.

Sale prices for multifamily properties 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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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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