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    Carmi, IL
    Residential Income

    Carmi, IL Residential Income 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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    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 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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    30-Unit Townhome Investment Opportunity
    30-Unit Townhome Investment Opportunity

    618 E Waverly St, Morganfield, KY 42437

    $1,795,000
    24,900 sqft · 2.95 AC lot

    Stabilized asset with rent growth potential in Morganfield, KY.

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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.

    Carmi, IL Vacant Land
    Carmi, IL Vacant Land

    1 IL Hwy 14, Carmi, IL 62821

    $36,000
    2.66 AC lot

    2.66 acres of vacant land in Colony West Subdivision.

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    Recreational Hunting Land
    Recreational Hunting Land

    457 County Road 1300N, Enfield, IL 62835

    $82,500
    10.00 AC lot

    A 10-acre White County parcel suited for hunting and recreation with a buildable site and an onsite structure to remove.

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    Cleared Lot in Mount Carmel
    Cleared Lot in Mount Carmel

    1131 W 6th Street, Mount Carmel, IL 62863

    Contact for pricing

    Cleared and shaded lot with city hookups in Mount Carmel.

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    Land with Shared Pond Access
    Land with Shared Pond Access

    4904 Middle Mount Vernon Road, Evansville, IN 47712

    $255,000
    17.00 AC lot

    17 acres zoned R-3 with shared pond access, offering flexibility for residential and agricultural or recreational uses.

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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
    View details

    Carmi, IL Residential Income Properties Market Trends and Statistics

    Explore 2 residential income 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 residential income 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
    Multifamily properties 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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