2401 Ashland Circle, Morris, IL 60450

Morris
Local realty services provided by:ERA Naper Realty
2401 Ashland Circle,Morris, IL 60450
$650,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: kelly farley
Office: give back realty
MLS#:12630069
Source:MLSNI

Price summary

  • Price:$650,000

About this home

Excellent opportunity to own a turn-key, well-maintained, fully leased 4-unit apartment building in a quite north Morris neighborhood - 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 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. Positioned in a tight rental market with limited competition for quality workforce housing, the property offers stable cash flow with long-term upside potential-well-suited for first-time investors, experienced owners, or 1031 exchange buyers seeking a reliable addition to their...

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Home facts

  • Year built:1998
  • Listing ID #:12630069
  • Updated:May 16, 2026 at 07:47 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:24

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)

Parking

  • Total parking spaces:8
  • Parking description:Unassigned
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