2 S Seminary Avenue,Mount Morris, IL 61054
Mount Morris, IL 61054
Description
12.5% Cap Rate! Excellent investment opportunity! Grow your real estate portfolio with this well-maintained and fully occupied 9-unit apartment building featuring six 2-bedroom, 1-bath apartments and three 1-bedroom, 1-bath apartments. This income-producing property offers plenty of off-street parking, on-site laundry facilities, and long-term tenants, providing stable and consistent cash flow from day one. Each unit is all-electric, with tenants responsible for their own electric bills, including heating and cooking, while the landlord pays water, sewer, garbage, and gas for the hot water heater. Every unit includes a stove and refrigerator, and recent improvements include a newer roof, hot water heater, and sump pump. With 100% occupancy and strong rental appeal, this is an outstanding opportunity for investors looking to expand their portfolio and maximize returns.
Details
| MLS # | 12728844 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1929 |
| Days On Site | 14 |
| Listing Provided By | Wirtz Real Estate Group Inc. | Kimberly Wirtz |
Features
| Story(s) | 2 |
|---|---|
| Units | 9 |
| Acreage | 0.36 |
Interior
| Cooling | Window Unit(s) |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 8616 |
Area Information
| State | IL |
|---|---|
| County | Ogle |
| City | Mount Morris |
| Zip Code | 61054 |
| Area | Mount Morris |
| Listing VS Median (in 61054) | |
Price: $325,000 low | high Med: $201,000 On site: 14 low | high Med: 49.5 | |
Market Activity 61054
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Learn More About This Property
| State | IL |
|---|---|
| County | Ogle |
| City | Mount Morris |
| Zip Code | 61054 |
| Area | Mount Morris |
| Listing VS Median (in 61054) | |
Price: $325,000 low | high Med: $201,000 On site: 14 low | high Med: 49.5 | |
