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2 S Seminary Avenue Mount Morris, IL $ 375,000
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$ 375,000 Get more info
2 S Seminary Avenue
$ 375,000
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2 S Seminary Avenue

Mount Morris, IL, 61054
$ 375,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 2,368

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Multi-Family Home for sale in Mount Morris, IL

for $375,000 with 3 bedrooms. This home was built in 1929 on a lot size of 0.36.

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.

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Multi-Family Active

Price

$ 375,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 8,616

Style

Lot Size

0.36

Year Built

1929

Town/City

Mount Morris

County/Region

Ogle

MLS | Web ID

12682716
Features
General
Cooling Window Unit(s)
Year Built 1929
Tenant Pays Electricity
Stories Count 2
Township Mt. Morris
Tax Year 2025
Gross Income 66600
County Ogle
Net Operating Income 46868
Operating Expense 8616
Insurance Expense 3300
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions East Hitt St to S Seminary St in Mt. Morris
City Mount Morris
Number Of Units Total 9
MLS Area Mount Morris
Tax Annual Amount 8616
Electric Expense 1200
Fuel Expense 1020
Trash Expense 2076
Water Sewer Expense 2400
Additional Parcels Y/N N
Standard Status Active
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Exterior
Lot Dimensions 129X123
Lot Size Acres 0.36
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* Excluded Features
List By
Wirtz Real Estate Group Inc.

Broker

kim@kimwirtz.com

Email

Affordability Calculator

$3,086
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,368
Monthly Property Taxes
$718
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/19/2026$375,000 Listed Price

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2 S Seminary Avenue, Mount Morris, IL, 61054 is a Multi-Family Home for sale at $375,000 with a lot size of 0.36. 2 S Seminary Avenue has 3 bedrooms, 0.0 baths, and was built in 1929. The property's zip code is 61054 which is in Mount Morris, IL

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