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    Morris, IL Apartment Buildings for Sale

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    Minooka, IL Mazon, IL Diamond, IL Coal City, IL Newark, IL Seneca, IL Wilmington, IL Marseilles, IL
    5-Unit Apartment Building with Garage
    Updated: Jun 8
    5-Unit Apartment Building with Garage

    1015 douglas Street E, Morris, IL 60450

    $600,000
    5 apartments with a mix of 1‑bedroom and 3‑bedroom units
    Approximately 2400 sq ft storage garage with overhead doors at the front and rear
    Garage includes a separate side entrance for access
    Unit mix includes two 1‑bedroom/1‑bath, two 3‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence
    Currently fully rented
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    Multifamily with Storage Garage
    Updated: May 5
    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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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    2 active listings match your search: Apartment Building for sale in Morris, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

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

    9-Unit Efficiency Apartment Building
    9-Unit Efficiency Apartment Building

    400 Main Street, Mazon, IL 60444

    $649,900
    9 units  3,062 sqft  2 buildings  Built 1969

    Residents share kitchen and laundry facilities, and each apartment has a refrigerator and microwave.

    9 x efficiency  Shared kitchen  Laundry area
    View details
    Apartment Building with Detached Outbuilding
    Apartment Building with Detached Outbuilding

    400 Main Street, Mazon, IL 60444

    $649,900
    9 units  2 buildings  Built 1969  0.23 acres  Multi-tenant

    Efficiency apartments with shared kitchen and laundry amenities, plus a separately improved accessory building.

    9 x efficiency  Shared kitchen  Laundry area  In-unit refrigerator  In-unit microwave
    View details
    22-Unit Apartment Building
    22-Unit Apartment Building

    200 Madison St, Joliet, IL 60435

    Contact for pricing
    22 units  20,625 sqft  1 building  3-story  brick  0.47 acres
    Highway access

    Three-story brick construction, on-site laundry, and a mix of one- and two-bedroom apartments define the property.

    22 spaces  12 x 2BR/1BA  10 x 1BR/1BA  On-site laundry
    View details
    6-Unit Townhouse Apartment Building
    6-Unit Townhouse Apartment Building

    101 Nicholson Street, Joliet, IL 60435

    St. Pats Area
    $925,000
    6 units  Built 1971
    $1,370/mo avg rent

    Two-story residences combine private basements with separate electric service responsibility for each household.

    12 spaces (2.0/unit)  6 x 2BR/1.5BA
    View details

    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 apartment complexes 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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    101 E. Waverly St. Morris, IL 60450
    Phone: (815) 942-1133
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