Under $500K Investment Properties for Sale in Mount Carmel, IL

Property at 1126 N Mulberry St, Mount Carmel, IL
Listed for sale 5 days ago
$ 109,900
ROI
22.4ROI percentage
Cash Flow/m
Dollar sign81
  • 2 Bed
  • 1 Bath
  • 995 sft
1126 N Mulberry St, Mount Carmel, IL, 62863
Property at 319 E 8th St, Mount Carmel, IL
Listed for sale 6 days ago
$ 235,000
ROI
21.3ROI percentage
Cash Flow/m
Dollar sign98
  • 2 Bed
  • 2 Bath
  • 2092 sft
319 E 8th St, Mount Carmel, IL, 62863
Property at 530 Chestnut St, Mount Carmel, IL
Listed for sale 6 days ago
$ 130,000
ROI
22.0ROI percentage
Cash Flow/m
Dollar sign81
  • 3 Bed
  • 2 Bath
  • 1788 sft
530 Chestnut St, Mount Carmel, IL, 62863
Property at 918 N Mulberry St, Mount Carmel, IL
Listed for sale 7 days ago
$ 152,500
ROI
25.8ROI percentage
Cash Flow/m
Dollar sign257
  • 3 Bed
  • 1 Bath
  • 1491 sft
918 N Mulberry St, Mount Carmel, IL, 62863

Why Invest in Mount Carmel, Illinois?

Investing in Mount Carmel offers excellent opportunities for properties under $500k. The city provides attractive rental yields and a stable market with an appreciation rate of around 3% yearly. Many families and professionals seek housing here, contributing to a strong rental demand.

8%
Avg. ROI
6%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation

Frequently Asked Questions

The average rental price for properties in Mount Carmel is around $1,200 per month. This reflects a steady demand for rental housing in the area.

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