This is a full 4-bedroom home with a basement on a large lot in Mount Carmel, IL. The property needs a full renovation with extensive foundation and roof damage and is priced accordingly. Perfect for investors, landlords, flippers, or anyone looking for a project with strong upside.
Property Features:
• 4 full bedrooms
• 1 bathroom
• Full basement
• Large 9,690 sq ft lot
• Large steel workshop in back with concrete floors and power. Has tons of potential.
• Utilities on site
• Solid layout with strong potential
• Quiet cobblestone street.
Condition:
This is a fixer-upper and will need extensive repairs/updates throughout. Floors unstable. Enter at your own risk. Being sold as-is. Serious buyers only.
Was previously under contract and buyer backed out. Tenant occupied until 4/30/26.
For sale by owner
Price cut: $15K (4/5)
$15,000
406 E 7th St, Mount Carmel, IL 62863
4beds
2,000sqft
Est.:
SingleFamily
Built in ----
9,690 Square Feet Lot
$-- Zestimate®
$8/sqft
$-- HOA
What's special
Full basementStorage shed included
- 15 days |
- 685 |
- 16 |
Listed by:
Property Owner (360) 900-6700
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Parking features: Garage - Detached
Lot
- Size: 9,690 Square Feet
Details
- Parcel number: 1121105013
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
Community & HOA
Location
- Region: Mount Carmel
Financial & listing details
- Price per square foot: $8/sqft
- Tax assessed value: $35,040
- Annual tax amount: $260
- Date on market: 3/28/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,308/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2026 | Price change | $15,000-50%$8/sqft |
Source: Owner Report a problem | ||
| 4/2/2026 | Price change | $30,000-40%$15/sqft |
Source: Owner Report a problem | ||
| 3/28/2026 | Listed for sale | $50,000+150%$25/sqft |
Source: Owner Report a problem | ||
| 11/23/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/14/2025 | Listed for sale | $20,000+33.3%$10/sqft |
Source: Owner Report a problem | ||
| 7/28/2009 | Sold | $15,000$8/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $260 +25.2% | $11,680 +7.8% |
| 2022 | $208 -36% | $10,830 +5.1% |
| 2021 | $324 | $10,300 +17066.7% |
| 2020 | -- | $60 +20% |
| 2019 | -- | $50 -99.5% |
| 2018 | $290 | $9,585 |
| 2017 | $290 -4.2% | $9,585 -3% |
| 2016 | $303 -2.7% | $9,885 |
| 2015 | $311 -69.4% | $9,885 -46.4% |
| 2014 | $1,018 +1.6% | $18,445 |
| 2013 | $1,002 -3.6% | $18,445 -2.8% |
| 2012 | $1,039 | $18,970 |
| 2011 | $1,039 +2.8% | $18,970 -0.5% |
| 2009 | $1,011 | $19,070 |
Find assessor info on the county website
Climate risks
Neighborhood: 62863
Nearby schools
GreatSchools rating
- NASouth Elementary SchoolGrades: PK-2Distance: 0.8 mi
- 2/10Mt Carmel Middle SchoolGrades: 7-8Distance: 0.5 mi
- 6/10Mount Carmel High SchoolGrades: 9-12Distance: 0.5 mi
Local experts in 62863
- Illinois
- Wabash County
- Mount Carmel
- 62863
- 406 E 7th St

