$113,350
SOLD SEP 15, 2025

103 E Lincoln St Mount Morris, IL 61054

4 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Recently Sold

5% Below List Price

12 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Patio
  • Oregon High School Rated 9+
  • Balcony
  • 3-minute walk to Mt Morris Skate Park

About This Home

As of September 2025

OPPORTUNITY KNOCKS! Turn-Key 3-Family Investment Property with Strong Cash Flow! Don't miss this incredible investment opportunity! This well-maintained 3-family property features two 1-bedroom units and one spacious 2-bedroom unit, with two long-term tenants already in place-making this a true turn-key investment. The vacant 2-bedroom unit is move-in ready and perfect for immediate rental to boost your returns. Each unit has separate utilities, with tenants responsible for gas and electric, keeping overhead low for the owner. Additional perks include off-street parking, a large backyard, included appliances, and laundry hookups in the basement for added tenant convenience. With nothing left to do but start collecting rent, this property is a smart addition to any investor's portfolio. Call today for more information or to schedule a private showing!

Last Agent to Sell the Property

Rebecca Hazzard

RE/MAX of Rock Valley License #471019445 Listed on: 05/05/2025

Last Buyer's Agent

Tracy Shuman

RE/MAX Professional Advantage

RE/MAX Professional Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,919

Year Built

  • Built in 1925 | Remodeled in 2006

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66.8x134

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,919

Year Built

Built in 1925 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): Yes
  • Rehab (Y/N): Yes
  • Rehab Year: 2006
  • Rebuilt Year: 2006
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2006

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Patio And Porch Features: Deck, Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Off Street, Driveway, On Site, Owned
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 66.8X134
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 19
  • Is Parking Included in Price: No

Tax Info

  • Tax Annual Amount: 3919.06
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
Sep 15, 2025
Sold by
Drozd Nathan D and Drozd Brittany A
Bought by
Poyner Susan M and Prazak Scott
Seller's Agent
Rebecca Hazzard
RE/MAX of Rock Valley
Buyer's Agent
Tracy Shuman
RE/MAX Professional Advantage
List Price
$119,000
Sold Price
$113,350
Premium/Discount to List
-$5,650
-4.75%
Views
141
Current Estimated Value
$119,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,466
Avg. Annual Appreciation
21.08%

Purchase Details

Closed on
May 25, 2021
Sold by
Drozd Nathan D
Bought by
Drozd Nathan D and Drozd Brittany A

Purchase Details

Closed on
Mar 26, 2015
Sold by
Drozd Daniel J
Bought by
Drozd Nathan D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $113,500 Rrt
Interfamily Deed Transfer -- None Available
Warranty Deed $1,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 Sold $113,350 -4.7% --
05/27/2025 05/27/25 For Sale $119,000 0.0% --
05/17/2025 05/17/25 Pending -- -- --
05/05/2025 05/05/25 For Sale $119,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,275 $44,081 $4,296 $39,785
2023 $3,919 $40,549 $3,952 $36,597
2022 $3,749 $37,238 $3,629 $33,609
2021 $3,522 $34,511 $3,363 $31,148
2020 $3,330 $32,127 $3,131 $28,996
2019 $3,160 $30,452 $2,968 $27,484
2018 $2,915 $28,728 $2,800 $25,928
2017 $2,925 $28,728 $2,800 $25,928
2016 $2,926 $28,728 $2,800 $25,928
2015 $2,963 $28,728 $2,800 $25,928
2014 $3,038 $29,332 $3,404 $25,928
2013 $3,046 $31,394 $3,643 $27,751
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12354577

Midwest Real Estate Data (MRED)

APN: 08-26-351-010