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1950 E Old Pine Bluff Road, Morris, IL 60450

Morris
Local realty services provided by:CENTURY 21 New Heritage
1950 E Old Pine Bluff Road,Morris, IL 60450
$426,500
  • 12 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:
MLS#:12563755
Source:MLSNI

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Price summary

  • Price:$426,500

About this home

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...

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Home facts

  • Year built:1964
  • Listing ID #:12563755
  • Added:39 day(s) ago
  • Updated:March 19, 2026 at 06:47 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:24
  • Basement:Yes

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Asphalt
  • Year built:1964
  • Lot Features:Corner Lot
  • Foundation Description:Block, Concrete Perimeter

Schools

  • High school:Morris Community High School
  • Middle school:Morris Grade School
  • Elementary school:Morris Grade School

Finances and disclosures

  • Price:$426,500
  • Tax amount:$9,043 (2024)

Parking

  • Total parking spaces:10
  • Parking description:Driveway, Off Street
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