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2 S Seminary Avenue Mount Morris, IL 61054

$375,000
New / MLS# 12682716 / Multi Unit - Multiple / Mount Morris
0 Beds

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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Baird & Warner Kate Schumacher Agent Cell: 847.624.3153 Email

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Estimated Payment

$ 1,660.71 per month $833.33 Principal & Interest $718.00 Property Tax $109.38 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.36 Acres
Stories: 2.0
Taxes: $8,616
Year Built: 1929

Feature Descriptions

HVAC: Electric, Baseboard
Lot Dimensions: 129X123
Parcel#: 08274290110000
Tenant Pays: Electricity
Units: 9

Location

See details and scored characteristics about this location.

Listing Office: Wirtz Real Estate Group Inc.

Listing Office Phone: 708-516-3050



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