1114 E Morton Ave | Jacksonville, IL 62650
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1114 E Morton Ave
Jacksonville, IL 62650
Morton Street Apartments · Multifamily Property For Sale · 58 Units
Investment Highlights
- The Morton Street Apartments is a 58-unit, three-building multifamily community and one Single Family home boasting approximately 65% occupancy.
- Unmatched value-add opportunity with current rents above Jacksonville market rates which were rising at an annual rate of 4.4% during Q2 2022.
- Positioned along a main thoroughfare less than minutes from Downtown near Jacksonville Country Club and Mauvaise Terre Lake with great access to I-72.
- The property is strategically positioned along a main thoroughfare near Jacksonville Country Club and Mauvaise Terre Lake with great access to I-72.
PROPERTY FACTS
| No. Units | 58 | Building Size | 44,144 SF |
| Property Type | Multifamily | Average Occupancy | 66% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1971 |
| Building Class | B | Parking Ratio | 1.04/1,000 SF |
| Lot Size | 1.60 AC |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.60 AC |
| Building Size | 44,144 SF |
| Average Occupancy | 66% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.04/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Online Services
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 09-22-300-007 | Improvements Assessment | $192,010 |
| Land Assessment | $50,820 | Total Assessment | $242,830 |
PROPERTY TAXES
Parcel Number
09-22-300-007
Land Assessment
$50,820
Improvements Assessment
$192,010
Total Assessment
$242,830
zoning
| Zoning Code | C |
| C |
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