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    Elizabethtown, IL
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    Elizabethtown, IL Multifamily Properties for Sale

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    Cave In Rock, IL Rosiclare, IL Marion, KY Golconda, IL Herod, IL Sturgis, KY Equality, IL Harrisburg, IL
    Turnkey Short-Term Rental Event Property
    Updated: May 6
    Turnkey Short-Term Rental Event Property

    798 Karbers Ridge Road, Elizabethtown, IL 62931

    $1,800,000
    1,754 sqft 88.00 AC lot
    88‑acre short‑term rental and event property adjoining Shawnee National Forest on three sides
    Lodge‑style home with exposed beams and tall vaulted ceilings
    80x70 pole barn partially finished for commercial use with commercial kitchen, 2 bathrooms, and large lounge/recreation area
    Seven rental units in operation with nightly rates ranging from $126 to $260 (avg. approx. $183)
    Direct access to miles of trails for outdoor recreation, with nearby attractions including Rim Rock Trail, Garden of the Gods, Pounds Hollow Lake, and Cave‑In‑Rock State Park
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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 Elizabethtown, 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.

    Turn-Key Short-Term Rental Retreat
    Turn-Key Short-Term Rental Retreat

    400 Jeff Clements Road, Marion, KY 42064

    $579,000
    3,500 sqft

    Two furnished homes and a stocked pond support immediate short-term rental operations.

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    Waterfront Hunting Retreat Property
    Waterfront Hunting Retreat Property

    400 Jeff Clements Road, Marion, KY 42064

    $559,000

    Waterfront lodge plus second home on private acreage, equipped for short-term stays and outdoor recreation.

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    Downtown Mixed-Use Income Building
    Downtown Mixed-Use Income Building

    1 S Main Street Unit 3, Harrisburg, IL 62946

    $170,000

    Mixed-use building with two fully rented apartments and main-level commercial space previously operated as a law office.

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    Three-Unit Apartment Building
    Three-Unit Apartment Building

    110 West Clark Street, Harrisburg, IL 62946

    $115,000

    As-is three-unit apartment building offered for sale.

    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.

    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.

    View details

    Elizabethtown, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Elizabethtown, IL on our real estate platform. These investment opportunities span a total of 1,754 square feet of properties for sale, with an estimated market value of $1,800,000.

    Sale prices for multifamily properties in Elizabethtown, IL start at $1,800,000, averaging $1,800,000, and reaching up to $1,800,000 — 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

    Short term rental properties 1

    Demographics Overview

    Population 1,359
    Population Growth (5Y) -6.0%
    Median Household Income $55,625
    College Educated 11.4%

    Taxes & Financing

    Tax Rate (average for all types) 5.11%
    Tax Rate vs County Average 0.40 pp below county avg
    Average Loan-to-Value 65.0%

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