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1015 Douglas St , Morris, IL 60450

$600,000

1950
year built

A terrific opportunity in Morris! 5 income producing apartments AND a large storage garage, approx 2400 sq ft, which brings in additional revenue storing cars, boats, Rv's jet skis, motorcyles etc. overhead doors front and back provide easy in and out, plus there's a side entry. The building is currently fully rented. The main level features a refreshed 1 Bed, 1 Bath, (apt 5) which used to be the former shop office, utilities included in rent, electric baseboard heat. Upstairs, find another 1 bedroom, 1 bath residence, (Apt 4) utilities also included in rent, electric baseboard heat. Also upstairs, 2 units with 3 beds/1 bath, (apts 1 and 2)Tenants pay for electric and gas forced air heat. One 3 bedroom, 2 bath, tenant pays gas forecd air heat, (Apt 3). Owner pays water/sewer/dumpster averaging 660/mos and electric for common area and units 3,4,5.

Highlights

  • Commercial Sale
  • Multi Family
  • Built in 1950
  • 155 days on Market

  • Year Built
    1950
  • Stories
    2.0
  • Cooling
    Window Unit(s)
  • Basement
    None


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Frequently Asked Questions

How do I schedule a tour of 1015 Douglas St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1015 Douglas St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1015 Douglas St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $600,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Morris, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1015 Douglas St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1015 Douglas St at around $3,861. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1015 Douglas St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Grundy County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1015 Douglas St?

In most cases, yes. Whether 1015 Douglas St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Morris's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1015 Douglas St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Morris and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

1015 Douglas St was listed on June 08, 2026, which means it's been on the market for 155 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1950, making it approximately 76 years old.

What are the property taxes for 1015 Douglas St?

The most recent public record shows annual property taxes for 1015 Douglas St were approximately $5,353. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1015 Douglas St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 10, 2026 at 04:44PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12632988