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    Carmi, IL
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    Carmi, IL Residential Income Properties for Sale

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    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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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 7 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 1 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.

    Remodeled Duplex with Two Units
    Remodeled Duplex with Two Units

    1629 Ewing Ave, Evansville, IN 47712

    $159,900
    2,064 sqft

    Both units are occupied, with separate electric meters and shared water service.

    View details
    Two-Story Duplex with Renovated Unit
    Two-Story Duplex with Renovated Unit

    1629 Ewing Avenue, Evansville, IN 47712

    $159,900
    2,064 sqft 0.17 AC lot

    Occupied income property with separate electric metering, shared water service, and central air conditioning.

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

    527 Church St, New Harmony, IN 47631

    $389,900

    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

    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.

    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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    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.

    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.

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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%

    How Realmo verifies these figures

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