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$ 375,000
Est. payment /mo
New
2 S Seminary AVE Mount Morris, IL 61054
0.36 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12682716
Year Built 1929
Annual Tax Amount $8,616
Tax Year 2025
Lot Size 0.360 Acres
Lot Dimensions 129X123
Property Sub-Type Multi Family 5+
Property 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.
Location
State IL
County Ogle
Area Mount Morris
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Multi Family 5+
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Kimberly Wirtz of Wirtz Real Estate Group Inc.
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