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About the Listing 79844 - 706319,702003
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.
Listing Highlights
Status
Pending
Days on Site
20
Property Type
Multi-Family
MLS ®
12531385
Year Built
1920
Total Square Footage
0
Lot/Acreage
100x120
County
Grundy
Area
Morris
School District
54
Elementary School
Morris Grade School
Middle School
Morris Grade School
High School
Morris Community High School
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Water Heater-Gas
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,8 ft + pour,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: 4 car
- Parking Spaces: 4
- Lot Dimensions: 100x120
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Yes,Detached,Garage
Financial Details
- Tax Amount: $9,896
- Taxes w/Assessments: N/A
- Tax/Property ID: 0504409020
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
420-416 W Jackson St Morris, IL 60450
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