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    Mount Carmel, IL
    Residential Income

    Mount Carmel, IL Residential Income Properties for Sale

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    Princeton, IN Patoka, IN Hazleton, IN Owensville, IN Browns, IL Decker, IN Fort Branch, IN Griffin, IN
    Mixed-Use Commercial and Multifamily Building
    Updated: Sep 1, 2024
    Mixed-Use Commercial and Multifamily Building

    Mount Carmel, IL 62863

    $142,500
    Mixed‑use building with storefront and office space, plus storage/workshop and up to 6 apartment units
    Includes five 1‑bed, 1‑bath units; each has a kitchen and laundry room, with rents reported at $700–$750/month plus utilities
    Security features include surveillance and an alarm system, plus CO2 and smoke detectors throughout
    HVAC includes 4 FWA furnaces and multiple central air units; at least one apartment unit requires maintenance
    Flat roof is recoated semi‑annually; more recent updates include electrical, water lines, picture windows, drain lines, and downstairs apartment updates
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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 Mount Carmel, 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.

    Two Duplexes with Open-Plan Interiors
    Two Duplexes with Open-Plan Interiors

    1020 S Prince Street, Princeton, IN 47670

    $250,000
    1,800 sqft 0.16 AC lot

    Own two duplexes in Princeton with 2-bed, 1-bath units, in-unit laundry, and parking pads for tenants.

    View details
    Triplex Residential Income Property
    Triplex Residential Income Property

    1405 South 15th Street, Vincennes, IN 47591

    $215,000
    2,600 sqft

    Residential income triplex offered for sale, providing a multi-unit structure for owner-occupant or investor strategies.

    View details
    Duplex Portfolio Residential Income
    Duplex Portfolio Residential Income

    1020 South Prince Street, Princeton, IN 47670

    $250,000
    1,800 sqft

    Two custom duplexes offer two-bedroom, one-bath units with in-unit laundry and parking pads for tenants.

    View details
    Triplex Residential Income Property
    Triplex Residential Income Property

    1405 S 15th Street, Vincennes, IN 47591

    $215,000
    2,600 sqft 0.23 AC lot

    For sale triplex residential income property on a 0.23-acre lot with 2,600 square feet total.

    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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    Residential Land in Princeton, Indiana
    Residential Land in Princeton, Indiana

    13 Cathy Drive lot: 13, Princeton, IN 47670

    Contact for pricing
    0.38 AC lot

    Residential land with city utilities near shopping and SR64/Hwy 41.

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    Commercial Land in Vail Estates
    Commercial Land in Vail Estates

    Section III S Vail Street, Princeton, IN 47670

    $471,555
    14.66 AC lot

    14.66 acres suitable for development in Princeton, Indiana.

    View details
    Residential Land in Northbrook Hills
    Residential Land in Northbrook Hills

    Birchwood Drive lot: #36, Princeton, IN 47670

    Contact for pricing
    0.38 AC lot

    Residential land for sale in Northbrook Hills, Princeton, IN.

    View details

    Mount Carmel, IL Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Mount Carmel, IL on our real estate platform.

    Sale prices for residential income properties in Mount Carmel, IL average $142,500 — 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 9,438
    Population Growth (5Y) -3.9%
    Median Household Income $52,073
    College Educated 25.7%

    Taxes & Financing

    Tax Rate (average for all types) 7.07%
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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