103 E Lincoln St Mount Morris, IL 61054
Estimated payment $979/month
Highlights
- Hot Property
- Deck
- Baseboard Heating
- Oregon High School Rated 9+
- Brick or Stone Mason
- 3-minute walk to Mt Morris Skate Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,919
Year Built
- Built in 1925
Parking
- 3 Car Parking Spaces
Home Design
- Brick or Stone Mason
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,380 Sq Ft Home
- 2-Story Property
- Range
- Washer and Dryer Hookup
- Basement
Outdoor Features
- Deck
Schools
- Oregon Elementary School
- Oregon Middle School
- Oregon High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Gas
- Separate Meters
- Gas Water Heater
Community Details
- 3 Units
- 2-Story Building
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | For Sale | $119,000 | 0.0% | $50 / Sq Ft |
| 05/17/2025 05/17/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | For Sale | $119,000 | -- | $50 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $1,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $91,200 | New Conventional |
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202502242
APN: 08-26-351-010
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