Multifamily

Mount Vernon, IL Multifamily Properties 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: Multifamily for sale in Mount Vernon, IL. Based on your search, we've also compiled 5 Potential Opportunities for your consideration: 4 properties in nearby cities and 1 off-market property to explore as potential leads.

Opportunities in Nearby Cities

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

Waterfront Duplex with Efficiency Apartment
Waterfront Duplex with Efficiency Apartment

304 E COLLEGE Street, Carbondale, IL 62901

$119,000
2 units  Built 1943  Multi-tenant
$22,080 gross income

Owner-occupant duplex with a larger residence, separate efficiency apartment, and existing rental income.

1 x 4BR/2BA  1 x efficiency
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Manufactured Housing Community with Infill Capacity
Manufactured Housing Community with Infill Capacity

231 S CT ST, Benton, IL 62812

Contact for pricing
11.12 acres
46% occupied  Highway access

Municipal water and sewer serve a community with onsite management and asphalt interior roads.

Utilities to site
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Remodeled Two-Story Duplex
Remodeled Two-Story Duplex

101 E Webster St, Benton, IL 62812

$149,000
2 units  1 building  2-story  Built 1950

Two apartments feature separate utilities, individual laundry hookups, and updated interior finishes.

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Vacant Two-Unit Duplex
Vacant Two-Unit Duplex

321 W WALNUT Street, Carbondale, IL 62901

Contact for pricing

Currently unoccupied residential units feature distinct bedroom layouts and one bathroom apiece.

View details

Off-Market Properties in Mount Vernon, IL

Consider similar Off-Market properties in Mount Vernon, 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.

Wls Byp Rd
Multifamily properties

0 Wls Byp Rd, Mount Vernon, IL 62864

Estimated value: by Request
115.29 AC lot
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Mount Vernon, IL Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Mount Vernon, IL on our real estate platform.

Sale prices for multifamily properties 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 1

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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