1950 Old Pine Bluff Road, Morris, IL 60450

Welcome to this property located in Morris, IL. featuring 12 bedrooms, 4 bathrooms. Built in 1964. this home is offered at $425,000.

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.

Climate control includes electric heating. A none basement provides additional space.

The property sits on a 232x90x218x80 lot. with 10 parking spaces (off street, driveway, yes, owned). The home has asphalt roofing.

Utilities include well water and septic tank sewer.

Located in Grundy County. students will attend Morris Grade School Elementary, Morris Grade School Middle, Morris Community High School High School.

Annual property taxes are $9,043 (as of 2024).