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Morris, IL Apartment Buildings for Sale

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Minooka, IL Mazon, IL Coal City, IL Diamond, IL Verona, IL Seneca, IL Wilmington, IL Marseilles, IL
Apartment Building with Storage Garage
Updated: Jun 8
Apartment Building with Storage Garage

1015 douglas Street E, Morris, IL 60450

$600,000
Five fully rented apartments on one property
Approximately 2,400 SF storage garage with overhead doors at front and back
Side entry to the storage garage for added access
Main‑level Apt 5: refreshed 1 bed/1 bath; utilities included; electric baseboard heat
Upstairs Apts 1 and 2: 3 beds/1 bath; tenants pay electric and gas forced air heat
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Multifamily with Storage Garage
Updated: Jun 7
Multifamily with Storage Garage

1015 Douglas Street, Morris, IL 60450

$600,000
Fully rented 5‑unit apartment building plus a large storage garage with overhead doors at the front and back
Garage includes drive‑through access (front and back overhead doors) plus a side entry
Storage garage space is used to generate additional revenue for cars, boats, RVs, jet skis, and motorcycles
Year built: 1950; main level includes refreshed 1BR/1BA (apt 5) formerly shop office
Units 1, 2, and 3: 3BR/1BA (apts 1 and 2) with tenants paying electric and gas forced‑air heat; 3BR/2BA (apt 3) with tenant paying gas forced‑air heat
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Morris, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Remodeled 6-Unit Apartment Building
Remodeled 6-Unit Apartment Building

168 S Lincoln Avenue, Aurora, IL 60505

$550,000
3,800 sqft

Remodeled 6-unit building with a new roof and updated units, fully leased except two units for showing.

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Remodeled 6-Unit Apartment Building
Remodeled 6-Unit Apartment Building

168 S Lincoln Avenue, Aurora, IL 60505

$550,000
0.31 AC lot

Remodeled 6-unit building on 0.31 acres with tenant-paid utilities and a new composition roof installed in 10/2025.

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Three-Story Brick Apartment Building
Three-Story Brick Apartment Building

1016 State Street, Lockport, IL 60441

$1,599,999
0.08 AC lot

Three-story 2023-built brick multifamily with four residential units plus storefront/office space and central air.

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Renovated Mixed-Use Building
Renovated Mixed-Use Building

201 W 10th St, Lockport, IL 60441

Contact for pricing
36,183 sqft 1.37 AC lot

Mixed-use property with five apartments and four office spaces, recently renovated with new roof and HVAC completed in 2025.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$650,000
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Morris, IL Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Morris, IL on our real estate platform.

Sale prices for two-family homes in Morris, IL average $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 21K
Population Growth (5Y) +2.2%
Median Household Income $81,716
College Educated 33.9%

High-Yield Neighborhoods for Investment

Identify Morris submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60450 $600K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grundy County

New Delisted

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