2 S Seminary Avenue, Mount Morris, IL

$325,000

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0.36

Acres

About 2 S Seminary Avenue

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.

Features of 2 S Seminary Avenue

MLS® # 12728844
Price $325,000
Bathrooms 0.00
Acres 0.36
Year Built 1929
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 2 S Seminary Avenue
Area Mount Morris
City Mount Morris
County Ogle
State IL
Zip Code 61054

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Additional Information

Days on Market 6
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWirtz Real Estate Group Inc.

Listing Map

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