Contact us: 563.441.1776
Description
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 portfolio. With minimal local competition for quality multifamily rentals, the property offers both stability and upside. The current owner has explored converting one or two units into short-term rentals to further boost returns. Morris is a charming and growing town supported by a robust and diverse employer base, thanks in part to the highly effective Grundy County Economic Development Council. Major area employers include Morris Hospital, Constellation, D Construction, Procter & Gamble, Costco (meat processing & distribution), Trader Joe's, Walmart, Grainger, LyondellBasell, PLZ Corp, Kellogg's, and US Cold Storage, among others - making this an extremely strong rental market. Please refer to the Additional Information section for a detailed overview of the property and the strong economic growth driving the Morris/Minooka area. Important: Please do not walk the property without prior notice. Showings for qualified buyers only. Broker owned.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 8
Bathrooms: 4
County: Grundy
High School: Morris Community High School
Listed By:
Give Back Realty
630-561-5989
MRED MLS
MLS ID: 12630069
For Details, Contact
Get in Touch
For Details, Contact
Contact an agent to learn more about
2401 Ashland Circle , Morris, IL 60450.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $650,000 | $650,000 | $650,000 |
| Down Payment | $130,000 | $22,750 | $162,500 |
| Monthly Mortgage Amount | $3,076 | $3,826 | $3,951 |
| Taxes | $905 | $905 | $905 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $286 | $0 |
| Monthly Estimated Total | $4,171 | $5,207 | $5,046 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/27/2026. The listing information on this page last changed on 04/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/27/2026 12:19:31 AM EST) or MRED MLS (last updated Mon 04/27/2026 12:12:50 AM EST) or SCWMLS (last updated Sun 04/26/2026 11:54:34 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/26/2026 10:15:22 PM EST) or Cedar Rapids MLS (last updated Sun 04/26/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Mon 04/27/2026 12:18:40 AM EST) or ICAAR MLS (last updated Sun 04/26/2026 11:37:30 PM EST) or ECIMLS (last updated Sun 04/26/2026 11:44:17 PM EST) or RMLSA (last updated Mon 04/27/2026 12:10:57 AM EST) or Muscatine MLS (last updated Mon 04/27/2026 12:15:10 AM EST) or No Coast MLS (last updated Mon 04/27/2026 12:14:19 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
![mls logo]()
Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --