2 S Seminary Ave Mount Morris, IL 61054
Estimated payment $2,743/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,616
Year Built
- Built in 1929
Lot Details
- 15,682 Sq Ft Lot
- Lot Dimensions are 129x123
Interior Spaces
- 2-Story Property
Utilities
- Window Unit Cooling System
- Baseboard Heating
Listing and Financial Details
- The owner pays for trash collection, sewer, water, gas, insurance, taxes, scavenger
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $1,200
- Fuel Expense $1,020
- Insurance Expense $3,300
- Other Expense $1,120
- Trash Expense $2,076
- Water Sewer Expense $2,400
- Operating Expense $8,616
- Gross Income $66,600
- Net Operating Income $46,868
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/18/2026 06/18/26 | For Sale | $375,000 | +47.1% | -- | |
| 07/25/2023 07/25/23 | Sold | $255,000 | -7.3% | $90 / Sq Ft | View Prior Sale |
| 05/26/2023 05/26/23 | Pending | -- | -- | -- | |
| 05/12/2023 05/12/23 | For Sale | $275,000 | +74.1% | $97 / Sq Ft | |
| 12/30/2020 12/30/20 | Sold | $158,000 | -19.0% | -- | View Prior Sale |
| 10/24/2020 10/24/20 | Pending | -- | -- | -- | |
| 08/04/2020 08/04/20 | For Sale | $195,000 | 0.0% | -- | |
| 07/09/2020 07/09/20 | Pending | -- | -- | -- | |
| 06/08/2020 06/08/20 | For Sale | $195,000 | +89.3% | -- | |
| 10/12/2017 10/12/17 | Sold | $103,000 | -5.5% | $12 / Sq Ft | View Prior Sale |
| 09/12/2017 09/12/17 | Pending | -- | -- | -- | |
| 08/22/2017 08/22/17 | For Sale | $109,000 | -- | $13 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12682716
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 4 S Mulberry Ave
- 206 N Mulberry Ave
- 411 S Mckendrie Ave
- 2 S Hannah Ave
- 411 E Lincoln St
- 418 Barbara St
- 114 Katies Way
- 3060 N Leaf River Rd
- 3261 N Silver Ridge Dr
- 000 Silver Ridge Dr
- 897 Tomahawk Dr
- 000 Indian Cove Dr
- 1382 N Il Route 2
- 7916 W Pines Rd
- XXXX N Sauk Trail
- 1633 N Sauk Trail
- 0000 SE Indian Heights Dr
- 000 N River(2 72acres) Rd
- 000 W Pines(35acres) Rd
- 313 W Margaret Fuller Rd
- 126 N 3rd St Unit 7
- 617 Daysville Rd Unit 3
- 204 S 2nd Ave Unit 204 1/2
- 624 Marclare St
- 1231 N Galena Ave Unit 226
- 16571 1st St
- 101 W 1st St Unit 101
- 661 Reynoldswood Rd Unit 1
- 202 Adams St
- 1604 S Carroll Ave
- 916 E Garden St
- 1021 S Columbia Ave
- 334 E Empire St Unit 334 E Empire
- 933 E Clinton St
- 106 Azalea Ave
- 1774 S Hance Dr
- 105 Azalea Ave
- 1203 S Galena Ave
- 1254 S Chicago Ave
- 810 E Shawnee St
Ask me questions while you tour the home.