1950 E Old Pine Bluff Rd Morris, IL 60450
Estimated payment $2,963/month
12
Beds
4
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Corner Lot
- Shed
- Heating Available
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 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 Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,043
Year Built
- Built in 1964
Lot Details
- 0.47 Acre Lot
- Lot Dimensions are 232x90x218x80
- Corner Lot
Home Design
- Duplex
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 4 Bathrooms
Parking
- 10 Parking Spaces
- Parking Available
- Driveway
- Off-Street Parking
Outdoor Features
- Shed
Schools
- Morris Grade Elementary And Middle School
- Morris Community High School
Utilities
- Heating Available
- Well
- Septic Tank
Community Details
- 4 Units
Map
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2026 02/07/26 | For Sale | $425,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
About the Listing Agent
I'm Shawn Hornsby, a full time agent serving the Grundy County Area. I am a fifth generation Morris resident who knows Morris and the surrounding areas very well. I have a reputation for providing the very best customer service and work hard every day to build on that reputation. Loyalty, honesty and dependability guide my daily relationship with each of my clients.
My MBA degree in finance and marketing and over 23 years experience in marketing and customer service are utilized every
Shawn's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12563755
APN: 05-11-477-003
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