507 N Genesee Street
Morrison, IL 61270

THIS PROPERTY IS AGENT OWNED. It consists of a 6 unit apartment building. Built in 1960, this complex has a concrete block foundation, wood siding and a steel roof. All units have electric baseboard heat and wall unit air conditioners. Coin laundry is available in the basement and each apartment has a storage closet in the basement as well. There are approximately 12 parking spaces for tenant use. The complex has city water and sewer. There are (2) 1 bedroom apartments and (4) 2 bedroom apartments. All units are currently rented and several of the units have long term tenants. The monthly rental income totals $3,155. Tenants pay their electric bills, and the water/sewer/garbage are included in the monthly rent. This property is conveniently located close to the downtown district, schools, parks and the hospital. Rentals in Morrison continue to be in high demand and due to the stable economic base of Morrison, well maintained units such as these should continue to low vacancy rates. Please note that there is currently the property is in process of being surveyed to remove the need of an easement for the neighboring property. The proposed property lines are outlined in red on the attached pictures.