Courtesy: RE/MAX Top Properties
815-942-1133
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.
Courtesy: Century 21 Circle
815-730-1199
Looking for a solid investment opportunity? This well-maintained property includes two duplexes being sold together, each offering 2 bedrooms, 1 bathroom, and a 1-car garage. The homes feature an open floor plan that connects the kitchen and dining areas, creating a spacious and functional living space. All appliances will remain with the property. The property was originally purchased in 2020. At that time, the windows were new, and major updates had recently been completed: the roof, gutters, and solar attic vents were all installed in 2019. The flooring was approximately 2-3 years old, and the siding had been replaced about five years prior. Additionally, a tile drain system was installed in the crawl space to help maintain a dry and secure foundation. Both duplexes are currently rented, providing immediate income potential for investors. Whether you're looking to expand your rental portfolio or get started in real estate, this is a great opportunity to own a pair of income-generating properties with key updates already in place.
Morris is located in Illinois. Morris, Illinois has a population of 14,601. Morris is less family-centric than the surrounding county with 29.97% of the households containing married families with children. The county average for households married with children is 37%.
The median household income in Morris, Illinois is $65,911. The median household income for the surrounding county is $81,764 compared to the national median of $69,021. The median age of people living in Morris is 37.8 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 37.6 inches per year, with 22.4 inches of snow per year.
