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5-Unit Apartment Building with Garage
For Sale
$600,000

1015 douglas Street E, Morris, IL 60450

Commercial Sale, Morris, IL

Property SizeContact for details
Days on Market95

Property Features for 1015 douglas Street E

General Information

Property type Residential Multi Family
Property subtype Other
Zoning COMMR
Bedrooms 11
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 8, Bedroom 9, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 11, Bathroom 2, Bedroom 6, Bedroom 10, Bedroom 2, Bathroom 5
Directions Us Rt 6 Via Brisbin to the east or rt 47 to the west, to Ashley Rd, to Armstrong To Wall St to Douglas
Subdivision Morris
Standard status Active
APN 0503405004

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5353

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1950
Floors in Building 2
Number of units 5
Building materials Wood
Listing Agency: Crosstown REALTORS Inc
Listed By: Karen Robertson · License #471002185
Added: Jun 8 Changed: Sep 3 Last Checked: Sep 10 at 4:06AM
MLS# 12632988

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5-unit apartment building includes five residences and an approximately 2400 sq ft storage garage. The apartment mix consists of two 1-bedroom, 1-bath units; two 3-bedroom, 1-bath units; and one 3-bedroom, 2-bath unit. The garage has overhead doors on the front and rear, along with a separate side entrance, supporting storage for vehicles and recreational equipment. The building was constructed in 1950 with wood construction and window-unit cooling.

Located at 1015 Douglas Street E in Morris, Illinois, the property is zoned COMMR and is currently fully rented. Heating varies by apartment, with electric baseboard heat in two units and forced-air systems serving the others. Utility responsibilities also vary by residence, while the owner covers water, sewer, dumpster service, common-area electricity, and electricity for three units.

Key Highlights

  • 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

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Auto Parts Store Garden Center Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby

Demographics for 60450, IL

20,877
Population
9,306
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
157.6 sq mi
ZIP Area
132
Density / Sq Mi
$81,716
Median Household Income
$45,813
Median Earnings
$1,122
Median Rent
$266,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully rented property combines apartment income with a large storage garage and overhead access doors.
Where is this apartment building located?
The property is located at 1015 douglas Street E Morris, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 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
More about this property
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