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420-416 W Jackson Street, 
Morris, IL 60450

$525,000


8

Beds


4

Baths


-

Sq Ft


Multi-Family

Pending

Listed by

David Welter

RE/MAX Top Properties

Last updated:

January 2, 2026, 08:48 AM

MLS#

12531385

Source:

MLSNI

About This Home

420-416 W Jackson Street

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.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1920

Price Summary

525,000

MLS #:

12531385

Last Updated:

January 2, 2026, 08:48 AM

Added:

22 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1920


Finances & Disclosures

Finances

Price:

$525,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.