Investment Opportunity!
14 Unit Brick Apartment Complex
With Large Parking Lot
Online Real Estate Auction
700 S. 3rd Street - Carmi, IL 62821
ONLINE BIDDING ENDS:
Thursday, May 29th @ 6 PM
(Subject to a 3 minute auto-extend closing)
REAL ESTATE SHOWING:
Tuesday, May 20th from 4 - 5:30 PM
Showings at other times can be arranged by calling
the Auctioneer/Realtor, Wendy Miller at 812-474-6100.
Real Estate Info:
This is a 14 unit complex that is a former church turned into apartments. The construction was started in 2023 and owner has decided to sell rather than finish project.
There are contractors that could be in place to finish the current project.
The building has a steady mix of units: One 3 bedroom, Two 2 bedrooms, Three Studios, and 8 One Bedrooms
The building has a rubber roof that is in good condition and has 5 HVAC systems, 4 of which are brand new.
There is a large parking lot adjacent to the building with approximately 60 parking spots that could be used for storage units or additional buildings.
Five of the units are brand new construction: New framing, insulation, plumbing, electrical, drywall, flooring, paint. These units need punch list items to be completed.
Four of the units are existing prior to current owner purchase and have been leased and currently are for lease if not occupied.
The remaining four units are in various stages of construction with two being framed out and the other two needing plumbing finished.
Building has potential to earn $10,000+ per month.
This property is offered in conjunction with Megan Campbell with House 2 Home Realty Carterville
Megan Campbell
618-997-4663
• A 3% Buyer's Premium will be added to the high bid amount.
• A non-refundable, 5% earnest money deposit is due within 24 hours of the auction conclusion with the balance due within 45 days.
• Purchaser shall assume the real estate taxes due & payable in Nov. 2025.
• Possession shall be at final closing, subject to current tenants' rights.
• Rents will be pro-rated to the date of final closing.
• Any fee charged by a title company or escrow agent to close the transaction (typically $250 to $300) shall be split evenly between buyer & seller.
• This online only auction is not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by Bidder and or Buyers at registration prior to bidding.
• Real estate shall sell subject to owners’ approval.
• This auction is subject to a 3 minute auto-extend closing. If any bid is placed in the final 5 minutes of the auction, the auction ending will be automatically extended 3 minutes from the time the bid was placed.
• Real estate transfer includes any remaining personal property not picked up at the auction pickup day and may include unsold lots.
• The contract is required to be fully and correctly completed, WITHOUT any modifications and properly signed within 24 hours of the close of auction.
• The sale of this property is subject to any and all easements of record.
• The sale of this property is subject to all state and local zoning ordinances.
• Parcel dimensions and acreages are based on legal descriptions & public records
• Aerial photos are for illustration purposes only and not surveyed boundary lines.
• The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Curran Miller Auction / Realty, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Curran Miller Auction / Realty, Inc. reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
• Curran Miller Auction / Realty, Inc., Agents and Representatives are agents of the Seller. Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information. All information contained in this information packet and all related materials are subject to the terms and conditions outlined in the Contract for Sale of Real Estate agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation either expressed or implied, concerning the property is made by the Seller or Curran Miller Auction / Realty, Inc., Agents or Representatives. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller, Curran Miller Auction / Realty, Inc., Agents or Representatives. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. All decisions of Curran Miller Auction / Realty, Inc. are final. Any dispute between Curran Miller Auction / Realty, Inc., its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Vanderburgh County, Indiana. By bidding on the property, buyer agrees to all terms and conditions set forth.
• Buyer and or Bidder agrees to hold harmless and indemnify Curran Miller Auction / Realty, Inc. and its Agents, Owners, Directors, Employees and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.