Residential Income

Elizabethtown, IL Residential Income Properties for Sale

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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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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.

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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.

20 Acres in Smithland, KY
20 Acres in Smithland, KY

Tiline Road, Smithland, KY 42081

$160,000
20.00 AC lot

20-acre parcel with city sewers and river view.

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Grand Rivers Land Opportunity
Grand Rivers Land Opportunity

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

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2.84 AC lot

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

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Residential Lots in Calvert City
Residential Lots in Calvert City

Lawson Johnston Subdivision, Calvert City, KY 42049

$30,000
2.25 AC lot

Vacant residential lots for building or future development in Calvert City.

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Ledbetter, Kentucky Residential Land
Ledbetter, Kentucky Residential Land

Gillahan, Ledbetter, KY 42058

$37,900
2.00 AC lot

Two-acre residential tracts in Ledbetter, Kentucky, with utilities available.

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Elizabethtown, IL Residential Income Properties Market Trends and Statistics

Explore 1 residential income 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 residential income 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

Multifamily properties 1
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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