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    23-Unit Apartment Building
    Updated: Feb 18
    23-Unit Apartment Building

    631 E Lincolnway, Morrison, IL 61270

    $425,000
    23‑unit apartment building with 10 studio, 11 one‑bedroom, and 2 two‑bedroom units
    Nine units are currently occupied; four additional units are market‑ready
    Eight units require completion, while two units are unfinished
    Roof replacement completed in 2021
    Unused laundry room with potential for coin‑operated washers and dryers
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Morrison, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    6-Unit Apartment Building
    6-Unit Apartment Building

    1907 16th Street, Silvis, IL 61282

    $325,000
    10,890 sqft

    Six multifamily units are offered with month-to-month occupancy and rear carport parking.

    View details
    42-Unit Apartment Building Portfolio
    42-Unit Apartment Building Portfolio

    729 11th Avenue B Court, Silvis, IL 61282

    $2,400,000

    Six-property portfolio combines fully rented apartments with occupied commercial suites across Moline and Silvis.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    206 W 5th St, Sterling, IL 61081

    Contact for pricing

    Fully rented six-unit complex with all 2-bedroom units and tenant-paid utilities.

    View details
    Retail and Apartment Building
    Retail and Apartment Building

    408 3rd Ave, Sterling, IL 61081

    Contact for pricing

    Two commercial storefronts with eight apartments above, including two studios and four one-bedrooms.

    View details

    Morrison, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Morrison, IL on our real estate platform.

    Sale prices for two-family homes in Morrison, IL average $425,000 — 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 7,067
    Population Growth (5Y) +0.9%
    Median Household Income $82,782
    College Educated 42.3%

    Taxes & Financing

    Tax Rate (average for all types) 7.72%
    Tax Rate vs County Average 0.90 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Whiteside County

    New Delisted

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