Residential Income

Mount Vernon, IL Residential Income 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: Residential Income for sale in Mount Vernon, IL. Based on your search, we've also compiled 10 Potential Opportunities for your consideration: 4 properties in nearby cities, 2 off-market properties to explore as potential leads, and 4 land listings with development potential.

Opportunities in Nearby Cities

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

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

110 W Cherry St, Herrin, IL 62948

$499,000
10,000 sqft  1 building  Built 1920  Multi-tenant
Road access

Two-level property combines leased apartments with flexible office and retail suites along Park Avenue.

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Three-Bedroom Duplex
Three-Bedroom Duplex

74-75 Orchard Drive, Herrin, IL 62948

$95,000
1,906 sqft  Built 1940

The layout includes a kitchen, living room, and rear porch.

Back porch
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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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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.

Residential Lot in Mount Vernon
Residential Lot in Mount Vernon

2023 College Street, Mount Vernon, IL 62864

Contact for pricing
0.16 acres

0.16 acre residential lot in Mount Vernon, Illinois.

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Residential Lot in Mt. Vernon
Residential Lot in Mt. Vernon

806 S 22ND Street, Mt, Vernon, IL 62864

Contact for pricing

Vacant residential lot in Mt. Vernon, Illinois, ready for building.

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Commercial Land on Veterans Memorial
Commercial Land on Veterans Memorial

2604 Veterans Memorial Dr, Mount Vernon, IL 62864

$180,000

Prime location for commercial building and residential development.

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Residential Lots Near Rend Lake
Residential Lots Near Rend Lake

14-16 West 4th Street, Bonnie, IL 62816

Contact for pricing

Two and a half lots with utilities near Rend Lake.

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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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Ambassador Rd
Land

0 Ambassador Rd, Mount Vernon, IL 62864

Estimated value: by Request
77.60 AC lot
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Mount Vernon, IL Residential Income Properties Market Trends and Statistics

Explore 3 residential income properties for sale in Mount Vernon, IL on our real estate platform.

Sale prices for residential investment 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
Multifamily properties 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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