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Two-Unit Mobile Home Property
For Lease
$90,000

1112 & 1112 1/2 Butler Street, Morris, IL 60450

Two separate two-bedroom homes with distinct parking arrangements and resident-paid utilities.

Space SizeContact for details
Days on Market698

Property Features for 1112 & 1112 1/2 Butler Street

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Manufactured In Park

Property Condition

Severity Major Repairs Needed
Evidence needs rehab

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,898

Building Details

Buildings 2
Construction mobile home
Listing Agency: Advantage Realty, Inc.
Listed By: Joan Eslinger · License #471003332
Source: Exprealty
Added: Nov 19, 2024 Changed: Oct 15 Last Checked: Oct 16 at 10:02AM

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 Advantage Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This multifamily property includes two mobile homes on one lot, with each home configured as two bedrooms and one bathroom. The exterior finishes have been refreshed, and new underskirting has been installed. Residents are responsible for their own utilities as well as grass and snow maintenance.

The front home uses on-street parking, while the rear home is reached from the alley and includes a parking space. The rear unit requires rehabilitation, with most necessary equipment and materials included. Showings require 48 hours’ notice.

Key Highlights

  • Two mobile homes situated on one lot
  • Each home includes 2 bedrooms and 1 bathroom
  • Freshly painted exterior and new underskirting installed

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store Plumbing Service Acupuncture

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

2
Residential units
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

677
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

Frequently Asked Questions

What type of property is this?
Multifamily property - Two separate two-bedroom homes with distinct parking arrangements and resident-paid utilities.
Where is this multifamily property located?
The property is located at 1112 & 1112 1/2 Butler Street Morris, IL.
What is the lease rate?
The lease rate is $90,000.
What are key features of this property?
This property features: Two mobile homes situated on one lot; Each home includes 2 bedrooms and 1 bathroom; Freshly painted exterior and new underskirting installed
More about this property
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