Clinton County
Three Homes For Sale Near Carlyle Lake With Great ROI Potential
9820 Oak Drive Carlyle, IL 62231
Description
Located just half a mile from the shores of Carlyle Lake and only 12 miles from Carlyle, IL, this exceptional property offers a rare opportunity to enjoy lakeside living with multiple income-generating possibilities. The property includes a main 1,600 square foot home, a separate guest home, and an additional small home across the street making it a perfect setup for multi-family living, a seasonal retreat, or a combination of both. With utilities already in place, this turn-key property is ready for immediate use, whether for personal enjoyment or as a smart investment. Estimated annual Return On Investment is +/- 6%
The spacious main home offers 1,600 square feet of living space, featuring an inviting floor plan with 3 bedrooms and 2 bathrooms. This well-maintained residence includes a large 1,300 square foot garage, ideal for storing vehicles, boats, or recreational equipment. The home provides a comfortable and functional layout with plenty of room for family living or hosting guests. Whether used as a primary residence or a vacation home, this property is equipped for year-round enjoyment.
Just steps away is a charming 750 square foot guest home, perfect for accommodating visitors or generating rental income. With 1 bedroom, 1 bathroom, and a cozy living area, this self-contained unit offers privacy and comfort for guests, seasonal renters, or long-term tenants. The guest home provides additional flexibility and income potential, especially in a popular vacation area like Carlyle Lake.
Across the street, you'll find another small 420 square foot home with its own unique features. This home, combined with a 500 square foot metal outbuilding and a small shed, presents even more opportunities for income generation or storage. The outbuilding is well-suited for hobbies, workshops, or extra storage space, while the shed offers additional utility. This section of the property also includes five designated camper sites with hookups, allowing for rental income from visitors looking to camp near the lake. With the growing popularity of Carlyle Lake, these camper sites offer a steady income.
One of the standout features of this property is its access to Carlyle Lake. The property has two private docks, providing direct access to the lake for fishing, boating, swimming, or simply enjoying the view. Carlyle Lake is known for its recreational opportunities, and having two docks on the water gives this property a distinct advantage, making it a perfect location for water enthusiasts.
All utilities—water, electric, and septic—are already on-site, making this property truly turnkey. Whether you're looking for a primary residence, a vacation home, or a multi-unit rental property, this lakeside oasis offers a rare combination of space, flexibility, and income potential. The property is ideally situated for easy access to local amenities, with Carlyle just 12 miles away, Vandalia 28 miles away, and St. Louis a mere 60 miles from your doorstep.
This unique property offers endless possibilities for anyone looking to invest in lakeside living with multiple rental opportunities. Don't miss your chance to own a piece of Carlyle Lake paradise—schedule a showing today!
Summary
Address
Approximate Distances
Property
Utilities
Details
- Less than ½ a mile to Carlyle Lake
- Estimated ROI 6%
- 1,600 square foot main home
- 750 square foot guest home
- 420 square foot small home
- 500 square foot metal outbuilding
- 1,300 square foot garage
- 5 camper sites creating potential rental income
- Comes with 2 boat docks
- 12 miles to Carlyle
- Great public hunting and fishing area
- Great investment potential
- Utilities on site
- Turnkey
Other
Housing
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#1 Home
3BD / 2BA / 1HB
1600± sqft
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#2 Guest
1BD / 1BA / 0HB
750± sqft
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#3 Guest
1BD / 1BA / 0HB
420± sqft
Coordinates
Annual Taxes
Nearby Related Properties
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