Multifamily with Storage
For Sale
$600,000
Pending
1015 Douglas Street, Morris, IL 60450
Fully rented 5-unit apartment building with a large storage garage and overhead doors for drive-through access.
Property SizeContact for details
Days on Market89
Property Features for 1015 Douglas Street
General Information
Standard status
Pending
Property subtype
Multi Family 5+ / Multi Family 5+-Other
Zoning
COMMR
Occupancy
100%
Additional Details
Business Included
Yes
Drive-In Doors
2
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,353
Building Details
Year Built
1950
Stories
2
Tenancy
Multi
Listing Agency:
Crosstown REALTORS Inc
Listed By:
Karen Robertson · License #471002185
(815) 482-8734
Source:
Compass
Added: Jun 7
Changed: Aug 8
Last Checked: Aug 7 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crosstown REALTORS Inc
Investment Insights
Based on property information with market context.
This for-sale multifamily property features five income-producing apartments and a large storage garage designed to generate additional revenue. The storage garage includes overhead doors at both the front and back for easy in-and-out access, along with a side entry. Apartment mix includes one 1 bed/1 bath unit on the main level and multiple 1 bed/1 bath and larger 3 bed/2 bath units upstairs.
The building is currently fully rented. Units 1 and 2 (upstairs) and apartments 4 and 5 are described as having electric and gas forced-air heat or electric baseboard heat depending on the unit. Tenants pay for electric and gas for the forced-air heated units, while utilities are indicated as included in rent for units 4 and 5. The owner covers water/sewer/dumpster, which is described as averaging $660 per month, as well as electric for common area and units 3, 4, and 5.
The building is currently fully rented. Units 1 and 2 (upstairs) and apartments 4 and 5 are described as having electric and gas forced-air heat or electric baseboard heat depending on the unit. Tenants pay for electric and gas for the forced-air heated units, while utilities are indicated as included in rent for units 4 and 5. The owner covers water/sewer/dumpster, which is described as averaging $660 per month, as well as electric for common area and units 3, 4, and 5.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully rented 5-unit apartment building with a large storage garage and overhead doors for drive-through access.
Where is this apartment building located?
The property is located at 1015 Douglas Street 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: 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
