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Listing provided by: David Welter, RE/MAX Top Properties
Listing Brokerage: RE/MAX Top Properties
Selling Brokerage: Century 21 Coleman-Hornsby
Attribution Contact: +18157911672
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420-416 W Jackson St
Morris, IL 60450
$500,000
Sold
Overview See It Details
Overview
Discover a rare chance to own two spacious multifamily homes 420 (approx. 2,600 sq ft) and 416 (approx. 3,000 sq ft) each configured as two large units for a total of four well-maintained 2-bed, 1-bath apartments. Ideally located just blocks from historic downtown Morris and miles from the I-80/IL-47 interchange, this property offers excellent commuter access and strong tenant appeal. Built in 1920, both buildings have benefited from substantial recent mechanical updates. 420 received a new furnace and A/C in 2025, and 416 received new units in 2021. Both roofs were replaced in 2017 with 50-year shingles. All units offer central heat and A/C, are separately metered besides the water, and tenants pay all utilities. Each unit also includes in-building laundry, with washers and dryers owned by the tenants. 420 has Long-term residents and historically low turnover overall contribute to consistent cash flow and minimal management demands. This is an excellent option for both new investors looking to enter the rental market and experienced owners seeking to expand their portfolio. Morris continues to be a high-demand rental area. Major employers include Morris Hospital, Constellation, D Construction, Procter & Gamble, Costco (meat processing & distribution), Trader Joe's, Walmart, Grainger, LyondellBasell, Sunbelt, Kellogg's, US Cold Storage, and the planned Canadian National Railway (CN) logistics hub expected to bring thousands of permanent jobs to the region. The combination of strong local employment and limited multifamily competition makes this a stable asset. ...
8 Beds
4 Full Baths
0 ft2
0 ft2
Details
General
Stories
Bedrooms
8
Bathrooms
4 full
Square footage
0 sq. ft.
Lot size
0 sq. ft.
Pool
No
Year built
1920
Other
Type
Other types
Listing information
MLS #
MRD12531385
APN
0504409020
Listing provided by
David Welter, RE/MAX Top Properties
Attribution Contact
+18157911672
Status
Sold
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