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230 W 4th Street, Mt Carmel, IL 62863

Wabash County

Key Facts

8Beds
7Baths
7,582Sq Ft
1877Year Built

Description

Bring your vision and creativity to this truly one-of-a-kind opportunity in the heart of Mount Carmel! Offering an incredible 8 bedrooms, 7 bathrooms, and approximately 7,500 square feet, this historic residence is packed with potential for the right buyer. Whether you're looking to restore an architectural gem, create a luxurious private residence, or explore other permitted investment possibilities (subject to local zoning and approvals), the possibilities are endless. Inside, you'll find an expansive floor plan with generously sized rooms, soaring ceilings, and countless original character details waiting to be brought back to life. This property is in need of renovation, making it an exceptional opportunity for investors, contractors, or buyers seeking a large-scale restoration project with substantial upside. Conveniently located near downtown Mount Carmel, you'll enjoy easy access to local restaurants, shopping, schools, parks, and everyday amenities. The property is also just minutes from the scenic Wabash River and offers a small-town atmosphere while remaining within driving distance of larger employment centers in southern Illinois and southwest Indiana. This is a rare chance to own one of the area's largest residential properties and transform it into something truly spectacular. Property is being sold AS-IS.

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Year Built

1877

Living Area

7,582 sq ft

Lot Dimensions

6105

Ownership

Fee Simple

Days on Market

28

MLS® Listing#

12689023

Property Features

Cooling

Central Air

Heating

Natural Gas

Basement

None

Construction

Wood Siding

Sewer

Public Sewer

Water Source

Public

Rooms

  • 12X14Second
  • 12X14Second
  • 10X12Second
  • Bedroom 212X14Main
  • Bedroom 310X12Main
  • Bedroom 410X12Main
  • Bedroom 510X12Second
  • Dining Room10X12Main
  • Family Room14X16Main
  • Kitchen10X13Main
  • Laundry7X12Main
  • Living Room14X17Main
  • Master Bedroom12X14Main

Financial Details

Annual Taxes

$664

Tax year 2025

Parcel Number

11204200200000

Directions

Latitude: 38.408708 | Longitude: -87.763986

Affordability Calculator

$16,000

Estimated monthly payment

$426/mo

Principal $63,999 · Est. interest $89,285 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Mt Carmel, IL

$247,826
Median Listing Price
67
Median Days on Market
1,900
Median Sq Ft
$118
Median Price / Sq Ft
95
Active Listings
  • This home’s price is 68% below the area median.
  • Its price per sq ft is 91% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Mt Carmel, IL.

Location

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Points of Interest in Mt Carmel, IL

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EXIT Agents in Mt Carmel

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Listing Courtesy: Home First Realty Inc - 3127523169

Based on information submitted to the MLS GRID as of 2026-06-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-06-25

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Hometown Association of Realtors. MLS® Listing#12689023. © 2026EXIT Realty®. All rights reserved.