23-Unit Apartment
For Sale
$425,000
631 E Lincolnway, Morrison, IL 61270
Unit mix spans studios and one- and two-bedroom apartments, with renovation work underway across portions of the property.
Property Size34,714 SF
Days on Market193
Property Features for 631 E Lincolnway
General Information
Standard status
Active
Size
34,714 SF
Property subtype
MultiFamily Apartments
Property Condition
Severity
Major Repairs Needed
Evidence
two units are unfinished, requiring framing, drywall, electrical, plumbing, and framing
Units
Unit Mix
10 x studio, 11 x 1BR, 2 x 2BR
Multifamily Units
23
Amenities
laundry room
Building Details
Building Size
34,714 SF
Listing Agency:
eXp Commercial | Illinois
(630) 474-6441
Listed By:
Randolph Taylor · License #475142701
(630) 474-6441
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 6:51PM
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 eXp Commercial | Illinois
Investment Insights
Based on property information with market context.
The apartment building at 631 E Lincolnway includes 23 units configured as 10 studios, 11 one-bedroom apartments, and 2 two-bedroom apartments. Nine units are occupied, four are market-ready, eight need completion, and two remain unfinished. The property has an unused laundry room and relies on low-maintenance electric baseboard heating. Its roof was replaced in 2021.
Morrison is the county seat of Whiteside County and sits approximately 12 miles west of Sterling/Rock Falls, 12 miles east of Clinton, Iowa, 35 miles northeast of Davenport, Iowa, and 115 miles west of Chicago. Local employment includes county government, the school district, the community hospital, Climco Coils, and Resthave Home. Professional services and agriculture are also established parts of the local economy.
Morrison is the county seat of Whiteside County and sits approximately 12 miles west of Sterling/Rock Falls, 12 miles east of Clinton, Iowa, 35 miles northeast of Davenport, Iowa, and 115 miles west of Chicago. Local employment includes county government, the school district, the community hospital, Climco Coils, and Resthave Home. Professional services and agriculture are also established parts of the local economy.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 61270, IL
7,055
Population
2,965
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
93%
High-School Grad
151.0 sq mi
ZIP Area
47
Density / Sq Mi
$82,782
Median Household Income
$44,199
Median Earnings
$981
Median Rent
$165,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix spans studios and one- and two-bedroom apartments, with renovation work underway across portions of the property.
Where is this apartment building located?
The property is located at 631 E Lincolnway Morrison, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 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
