615 Liberty Street

    Morris, IL 60450
    • $125,000
    • STATUS: Active
    • ON SITE: 189 days
    • MLS #: 10269778
    UPDATED: 36 min ago
    $125,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,408
      SQFT
    • $37
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1939
    County:
    Area:

    School Ratings & Info

    Description

    Downtown building with an active tavern on the lower level and 2 bedroom apartment upstairs. Great investment at a great price. Tavern owner has been a tenant for 17 years and is in a 5 year lease expiring 9/30/2022. Lower level is in good condition. Apartment will need some TLC. Get a piece of nostalgic downtown Morris at an affordable price. Listing agent must accompany and 48 hours notice needed. Please do not disturb tenant.

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-08-20T22:50:45.95 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.theperottigroup.com/homes/91742244

    615 Liberty Street Morris, IL 60450

    • Price: $125,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 10269778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,408
    SQFT
    $37
    $/SQFT
    1939
    Built
    Neighborhood:
    Morris
    County:
    Grundy
    Area:
    Morris
    Property Description
    Downtown building with an active tavern on the lower level and 2 bedroom apartment upstairs. Great investment at a great price. Tavern owner has been a tenant for 17 years and is in a 5 year lease expiring 9/30/2022. Lower level is in good condition. Apartment will need some TLC. Get a piece of nostalgic downtown Morris at an affordable price. Listing agent must accompany and 48 hours notice needed. Please do not disturb tenant.
    Exterior Features

    Construction BrickConcrete BlockStone Frontage Access City StreetPublic RoadSignal Intersection Lot Dimensions 24 X 91 Lot Sq Ft 2173 Number Of Parking Spaces 0 Roof Coverings MetalTar And Gravel

    Interior Features

    Air Conditioning Central AirWindow Unit/S Fire Protection None Number Of Apts 1 Number Of Offices 0 Number Of Ranges 1 Number Of Refrigs 1 Number Of Stores 0 Number Of Stories 2

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electrical Service Circuit Breakers Electricity Expense 0 Expense Year 2017 Fuel Expense 0 Geographic Locale Far West Gross Rental Income Amount 22776 Heat Ventilation ElectricGas Insurance Expense 3365 Lease Type Modified Gross Net Oper Income Amount 14950 Net Operating Income Year 2017 Number Of Tenants 1 Other Expenses 0 Owners Assoc YN No Possession Closing Potential Use CommercialRetail Rental Price 8.11 Tax Year 2017 Taxes 1885 Tenant Pays ElectricHeatWater/Sewer Total Annual Exp 7250 Total Annual Expense Source Combination Total Annual Income 22776 Total Monthly Income 1898 Township Morris Unincorporated YN No Water Expense 0 Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Advantage Realty, Inc.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or The Perotti Group | Compass Real Estate. Based on information submitted to the MRED as of 2019-08-20T22:50:45.95 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    The Perotti Group | Compass Real Estate
    1643 N Milwaukee
    Chicago IL, 60647