Listing provided courtesy of Wirtz Real Estate Group Inc.MREDas Distributed by MLSGrid- MLS# 12682716
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Request Info2 S Seminary AvenueMount Morris, IL 61054
Commercial · 3 Beds · 0.36 Acres$375,000
Active
2 S Seminary Avenue Overview
- Time on Site:
- 11 days
- Visits:
- 0
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.
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2 S Seminary Avenue Facts & Features
- Type Commercial
- Lot 0.36 Acres
Details
General
Income/Expenses
- Other Expense: 1120
- Electric Expense: 1200
- Fuel Expense: 1020
- Gross Income: 66600
- Gross Scheduled Income: 66600
- Insurance Expense: 3300
- Maintenance Expense: 0
- Net Operating Income: 46868
- Operating Expense: 8616
- Trash Expense: 2076
- Water Sewer Expense: 2400
Building Information
- Year Built: 1929
Location/Region
- County Or Parish: Ogle
- MLS Area Major: Mount Morris
- Township: Mt. Morris
Rent/Lease Information
- Tenant Pays: Electricity
Tax Information
- Tax Annual Amount: $8,616.00
- Tax Year: 2025
General Information
- Parcel Number: 08274290110000
- Property Type: Commercial Sale
Interior
General Information
- Cooling: Window Unit(s)
- Stories: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Acres: 0.36
- Lot Size Dimensions: 129X123
General Information
- Number Of Units Total: 9
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 1
- Baths Total: 1
- Units Total: 3
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 2
- Baths Total: 1
- Units Total: 6
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 0
- Units Total: 0
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
2 S Seminary Avenue Neighborhood
Community
61054 (MOUNT MORRIS) Demographics
49
Median Age
92
Population Density (per sq. mile)
27%
College Educated
$47,083
Estimated Median Income
1,178
Estimated Total Home Owners
680
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2 S Seminary Avenue Monthly Cost
2 S Seminary Avenue Market Data
Based on the last 30 days in this zip code
$149,307
Average List Price
$111
Average Price per Square Foot
7
Properties Sold
28
Average Days on Market
14
Properties for Sale
2 S Seminary Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/24/2026Source: MRED | Active |
|
| 6/18/2026Source: MRED | June 18, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |