416-420 W Jackson St Morris, IL 60450
Estimated payment $3,587/month
Highlights
- Sun or Florida Room
- Corner Lot
- 4 Car Garage
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,896
Year Built
- Built in 1920 | Remodeled in 2000
Lot Details
- Lot Dimensions are 100x120
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 4 Car Garage
Home Design
- Block Foundation
- Stone Foundation
- Asphalt Roof
Interior Spaces
- Sun or Florida Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Schools
- Morris Grade Elementary And Middle School
- Morris Community High School
Utilities
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- 4 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,718 | $124,170 | $20,278 | $103,892 |
| 2023 | $9,152 | $116,943 | $19,098 | $97,845 |
| 2022 | $8,442 | $107,861 | $17,615 | $90,246 |
| 2021 | $8,095 | $102,006 | $16,659 | $85,347 |
| 2020 | $8,004 | $99,402 | $16,234 | $83,168 |
| 2019 | $7,545 | $94,220 | $15,388 | $78,832 |
| 2018 | $7,428 | $92,393 | $15,090 | $77,303 |
| 2017 | $6,991 | $87,535 | $14,297 | $73,238 |
| 2016 | $6,925 | $86,849 | $14,185 | $72,664 |
| 2015 | $6,495 | $83,372 | $13,617 | $69,755 |
| 2014 | $6,323 | $81,196 | $13,262 | $67,934 |
| 2013 | $6,427 | $84,430 | $13,790 | $70,640 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $525,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12531385
APN: 05-04-409-020
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