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    Morris, IL Multifamily Properties for Sale

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    Minooka, IL Mazon, IL Diamond, IL Coal City, IL Verona, IL Newark, IL Seneca, IL Wilmington, IL
    5-Unit Apartment Building with Garage
    Updated: Jun 8
    5-Unit Apartment Building with Garage

    1015 douglas Street E, Morris, IL 60450

    $600,000
    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
    Unit mix includes two 1‑bedroom/1‑bath, two 3‑bedroom/1‑bath, and one 3‑bedroom/2‑bath residence
    Currently fully rented
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    Multifamily with Storage Garage
    Updated: May 20
    Multifamily with Storage Garage

    1015 Douglas Street, Morris, IL 60450

    $600,000
    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
    Year built: 1950; main level includes refreshed 1BR/1BA (apt 5) formerly shop office
    Units 1, 2, and 3: 3BR/1BA (apts 1 and 2) with tenants paying electric and gas forced‑air heat; 3BR/2BA (apt 3) with tenant paying gas forced‑air heat
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    Brick Duplex with Attached Garages
    Brick Duplex with Attached Garages

    720-722 E North Street, Morris, IL 60450

    $307,546

    Two ranch-style residences offer separate decks, practical layouts, and established lease arrangements near parks and downtown Morris.

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    See hot listings in Morris

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Morris, 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.

    9-Unit Efficiency Apartment Building
    9-Unit Efficiency Apartment Building

    400 Main Street, Mazon, IL 60444

    $649,900
    3,062 sqft

    Residents share kitchen and laundry facilities, and each apartment has a refrigerator and microwave.

    View details
    Apartment Building with Detached Outbuilding
    Apartment Building with Detached Outbuilding

    400 Main Street, Mazon, IL 60444

    $649,900
    0.23 AC lot

    Efficiency apartments with shared kitchen and laundry amenities, plus a separately improved accessory building.

    View details
    Furnished Park Model in Gated RV Park
    Furnished Park Model in Gated RV Park

    2795 E 28th Lot 417 Road, Seneca, IL 61360

    $33,000
    0.11 AC lot

    One-bedroom unit with covered deck, screen room, and central air conditioning.

    View details
    Park Model Recreational Lot
    Park Model Recreational Lot

    2795 E 28th Lot 175 Road, Seneca, IL 61360

    $35,000

    Category 1 lot with a 2002 park model featuring a primary bedroom, full bath, kitchen, and enclosed screen room.

    View details

    Morris, IL Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Morris, IL, showcased through 3 active listings on our real estate platform.

    Sale prices for multifamily properties in Morris, IL start at $307,546, averaging $502,515, and reaching up to $600,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Duplexes 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) +2.2%
    Median Household Income $81,716
    College Educated 33.9%

    High-Yield Neighborhoods for Investment

    Identify Morris submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60450 $502.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grundy County

    New Delisted

    How Realmo verifies these figures

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    101 E. Waverly St. Morris, IL 60450
    Phone: (815) 942-1133
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