1950 Old Pine Bluff Road, Morris, Illinois 60450
$426,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 12 |
| Baths: | 0 |
| Year Built: | 1964 |
| Property Taxes: | $9,043 |
| Days On Market: | 43 |
| Lot Size: | 0,47 |
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.
Property Specifics
| Multi-unit | |
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| 1964 | |
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| No | |
| 0.47 |
| Grundy | |
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| — / — | |
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| 12563755 | |
| 0511477003 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Morris Grade School |
54 | — | |
|
Middle School
Morris Grade School |
54 | Not in DB | |
|
High School
Morris Community High School |
101 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 13 Mar, 2026 | Sold | $426,500 | MRED MLS |
| 14 Feb, 2026 | Under contract | $425,000 | MRED MLS |
| 7 Feb, 2026 | Listed for sale | $425,000 | MRED MLS |
Room Specifics
Total Bedrooms: 12
Bedrooms Above Ground: 12
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
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Other Specifics
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| 232x90x218x80 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $9,043 |
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Listing Provided By
Century 21 Coleman-Hornsby
