Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mount Carmel Il 62863 area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mount Carmel Il 62863 and much more. Save thousands at closing with home foreclosure listings in Mount Carmel Il 62863 — up to 75% off market value!
Mount Carmel is a city in and the county seat of Wabash County, Illinois, United States. At the time of the 2010 census, the population was 7,284, while the next largest town in Wabash County is Allendale, population 475. Located at the confluence of the Wabash, Patoka, and White Rivers, Mount Carmel borders both Gibson and Knox counties of Indiana. A small community known informally as East Mount Carmel sits near the mouth of the Patoka River on the opposite (Gibson County) side of the Wabash River from Mount Carmel. Mount Carmel is 5 miles (8.0 km) northeast of the Forest of the Wabash, a National Natural Landmark within Beall Woods State Park and about a mile north-northeast of one of its main employers, the Gibson Generating Station. Mount Carmel is also the home of Wabash Valley College, part of the Community College System of Eastern Illinois.
The town had an unemployment rate of 5.4%, as of Dec 2014. The situation has substantially improved since 1992, when the unemployment rate peaked as high as 15.1% with the loss of industrial jobs.
Duke Energy's Gibson Generating Station is the nearest employer of substantial size. The Gibson County, Indiana power plant is located less than a mile away from Mount Carmel, directly across the river. It is the third-largest coal power plant in the world, and the ninth largest power plant in the United States.
Additional nearby employers include Toyota Motor Manufacturing Indiana, which produces the Sequoia, Sienna, Highlander, and Highlander Hybrid lines.
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