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    420-416 W Jackson St Morris, IL 60450

    New
    For Sale
    $525,000

    Residential Income - Morris, IL

    Days on Market:
    3
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 420-416 W Jackson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    0504409020
    Parking
    4
    Exterior features
    Corner Lot

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1920
    Roof type
    Asphalt
    Architectural style
    Other

    RE/MAX Top Properties (815) 942-1133 [email protected]

    Listing agent David Welter (815) 942-1133 License #475183240

    Listing date Dec 11, 2025

    MLS# 12531385 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Homes Near Downtown Morris

    This property features two multifamily homes, located blocks from historic downtown Morris and miles from the I-80/IL-47 interchange. The buildings, constructed in 1920, include 420 W Jackson Street (approximately 2,600 sq ft) and 416 W Jackson Street (approximately 3,000 sq ft), each configured as two units. There are a total of four 2-bed, 1-bath apartments. The property has benefited from recent mechanical updates. At 420 W Jackson Street, the furnace and A/C were replaced in 2025, and at 416 W Jackson Street, new units were installed in 2021. Both roofs were replaced in 2017 with 50-year shingles. All units offer central heat and A/C and are separately metered besides the water. Tenants pay all utilities. Each unit includes in-building laundry. The property is located in a high-demand rental area with major employers including Morris Hospital, Constellation, D Construction, Procter & Gamble, Costco, Trader Joe's, Walmart, Grainger, LyondellBasell, Sunbelt, Kellogg's, and US Cold Storage. A planned Canadian National Railway (CN) logistics hub is expected to bring thousands of permanent jobs to the region. The property offers commuter access and tenant appeal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morris
    County
    Grundy
    State
    Illinois
    Longitude
    -88.42763
    Latitude
    41.36027

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    FAQs

    What type of property is this?
    Duplex - Two multifamily homes with four well-maintained apartments near downtown.
    Where is this duplex located?
    The property is located at 420-416 W Jackson St Morris, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Two multifamily homes with a total of four well-maintained apartments, offering immediate rental income potential.; - Excellent location near historic downtown Morris and with easy access to I-80/IL-47, appealing to tenants and commuters.; - Significant recent mechanical updates, including new furnaces and A/C units in both buildings and roof replacements in 2017.
    (815) 942-1133
    Request Owner's contact information
    420-416 W Jackson St Morris, IL 60450
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    Morris, IL 60450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420-416 W Jackson St Morris, IL 60450
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