2401 Ashland Circle, Morris, IL 60450

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2401 Ashland Circle,Morris, IL 60450
$650,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kelly farley
Office: give back realty
MLS#:12427634
Source:MLSNI

Price summary

  • Price:$650,000

About this home

Turnkey 4-unit investment property in prime Morris location. An excellent opportunity to own a well-maintained, fully leased 4-unit apartment building in desirable north Morris - just minutes from the I-80/IL-47 interchange, making it a commuter-friendly location for tenants. Built in 1998, this low-maintenance property features four clean and spacious 2-bedroom, 1-bath units with a solid tenant base and minimal turnover. All utilities are separately metered and paid by tenants. The owner covers only common area electric, gas, and water - keeping overhead very low. Each floor features a coin-operated laundry room, providing additional passive income. Recent improvements include newer water heaters in all units and a new roof in 2017. Central heat and A/C throughout. This property offers strong cash flow and long-term appreciation potential - ideal for new investors entering the rental market or seasoned owners looking to expand their portfolio. With minimal local competition for

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Home facts

  • Year built:1998
  • Listing ID #:12427634
  • Added:63 day(s) ago
  • Updated:February 12, 2026 at 12:28 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1998

Schools

  • High school:Morris Community High School
  • Middle school:Saratoga Elementary School
  • Elementary school:Saratoga Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Tax amount:$9,800 (2024)
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