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Property view

1950 E Old Pine Bluff Road, 
Morris, IL 60450

$426,500


12

Beds


4

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Shawn Hornsby

Bought with Coldwell Banker Real Estate Group

Century 21 Coleman-Hornsby

MLS#

12563755

Source:

MLSNI

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About This Home

1950 E Old Pine Bluff Road

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.

Home Facts

Multi-Family

4 Baths

12 Bedrooms

Built in 1964

Price Summary

425,000

MLS #:

12563755

Sold:

March 13, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1964


Lot

Lot Size (Sq. Ft):

20,473


Finances & Disclosures

Finances

Price:

$425,000

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