2 S Seminary Avenue
Mount Morris, IL, 61054
$375,000
3 Beds
2 Baths
0 SqFt
0.36 Acres
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MLS #MRD12682716 image #0
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.

Property Details

Price:
$375,000
MLS #:
MRD12682716
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
mountmorris
Listed Date:
Jun 18, 2026
Year Built:
1929
Mount MorrisMountmorris

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Stories
2

Financial

Net Operating Income
$46,868
Tax Year
2025
Taxes
$8,616

Map

Community

Market Summary

Current real estate data for Commercial in Mount Morris as of Jun 22, 2026
2
Commercial Listed
82
Avg DOM
$282,500
Avg List Price

Property Summary

    2 S Seminary Avenue Mount Morris IL is a Commercial for sale in Mount Morris, IL, 61054. It is listed for $375,000

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