700 S 3RD ST Active Save Request In-Person Tour Request Virtual Tour
Carmi,IL 62821
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,313 sqft
Price per Sqft $43
MLS Listing ID 1376872
Originating Board rmlsa
Year Built 1929
Annual Tax Amount $3,414
Tax Year 2023
Property Sub-Type Commercial
Property Description
Investment Opportunity! What was once a beautiful church with its detailed finishes and stunning wooden beams and casings has been partially rehabbed with plans for 14 apartment units. Currently, income is received from two finished units totaling $1440/mo. Two more units are nearly ready to rent with just a few punch list items remaining while the ten other units are in various stages of the remodeling process. Estimated rehab cost is $150,000.00. Estimated after rehab value is $750,000. Potential income from all 14 units is estimated at approximately $10,000 - $12,000/month. Professional pictures coming soon.
Location
State IL
County White
Area Qcara Area
Zoning commercial
Direction From Hwy 1 turn north onto 5th St. Go 0.6 miles turn right onto W. Sycamore St. for 0.2 miles arrive at 700 S 3rd St.
Interior
Heating Electric,Gas
Cooling Central Air,Individual Control,Wall/Window Unit(s)
Flooring Carpet,Concrete,Tile/Vinyl
Fireplace N
Exterior
View true
Roof Type Composition Shingle,Other
Total Parking Spaces 38
Garage 1
Building
Faces From Hwy 1 turn north onto 5th St. Go 0.6 miles turn right onto W. Sycamore St. for 0.2 miles arrive at 700 S 3rd St.
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Frame
Others
Tax ID 1313131008
Security Features No