$425,000

1950 E Old Pine Bluff Road, Morris, IL 60450

  • 12 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.47acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

This is your chance to own a unique multi-unit property in the thriving community of Morris, IL. This dual-building property, sprawled over a substantial 0.47-acre lot with a single PIN, offers exceptional income potential and is now available for sale after being owned for over 45 years by the seller. Featuring four rental units, the property includes a side-by-side ranch-style duplex and a side-by-side two-story duplex. Each unit boasts three comfortable bedrooms, an eat-in kitchen, a living room and a well-appointed bathroom, ensuring spacious living arrangements and strong rental appeal. With current rents significantly below market value - where three-bedroom apartments in Morris rent for $1,250 - there is a considerable upside potential for adjusting rents to match market standards, resulting in enhanced cash flow. Tenants cover all their utility costs, and all are on flexible month-to-month leases, providing new ownership with the agility to adjust operations as needed. The ranch duplex features a durable vinyl exterior, while the two-story duplex combines classic brick with vinyl, offering lasting curb appeal and low maintenance requirements. Situated in a prime location with convenient entrances from both Pine Bluff Rd and Old Pine Bluff Rd, the property ensures both privacy and ease of access for tenants. Attractively priced at just $106,250 per unit, this property presents an exceptional investment opportunity to acquire four income-generating rental units with realistic pathways to significantly boost revenue streams through market adjustments. Please note, due to tenant arrangements, a minimum of 24 hours notice is required to schedule property showings.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 2:18PM
Listing Office:
Century 21 Coleman-Hornsby : 815-474-6670
Listing Agent:
Shawn Hornsby : 815-474-6670
MLS ID:
12563755
  • Basement: None
  • Heating: Electric
  • Other Structures: Shed(s)
  • Parking: Off StreetDrivewayYesOwnedParking spaces: 10
  • Roofing: Asphalt
  • General: BlockConcrete Perimeter
  • Originating MLS: mred
  • School District: 54
  • County: Grundy
  • Zoning: MULTI0511477003
  • Water: Well
  • Sewer: Septic Tank
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Shawn Hornsby , Century 21 Coleman-Hornsby

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

White Oak Elementary School

2001 Dupont Ave, Morris, IL, 60450

Grades PK-5

3.80 miles away

S

Shabbona Middle School

725 School St, Morris, IL, 60450

Grades 6-8

3.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.