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Morton Multifamily Income Opportunity

540 N MAIN Street, Morton, IL 61550

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For Sale

$364,900

MULTI_FAMILY - Morton, IL

Lot size:

0.26 Acres

HighLights

High income potential: Generates over $52,000 in annual income.
Multiple units: Includes a primary residence (6 bed/4 bath), studio apartment, and finished lower level.
Four‑car garage: Features a finished 2nd story with an open floorplan.
Original woodworking: Boasts beautiful original woodworking, including built‑ins and transom windowed doors.
Spacious kitchen: Fully applianced kitchen with Roecker cabinets.
Finished lower level: Offers daylight windows and charm.

We can help!

Contact an agent

Nicholas Schauble

For Sale

$364,900

MULTI_FAMILY - Morton, IL

Lot size:

0.26 Acres

Added:: May 5, 2026
Days on Market:: 54
Last Refresh:: Jun 27 at 2:06 pm

Property Features for 540 N MAIN Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R3
Bedrooms: 6
Bathrooms: 5
Rooms: Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3
Parking: 4
Parking features: Open, Oversize
Interior features: Storage, Cable Available, High Speed Internet
Basement: Full, Finished, Daylight
Standard status: Active
APN: 06-06-16-307-001
Lot size: 0.26 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: SEC 16 T25N R3W MOSCHEL & ACKERMAN ADDN LOT 52 & N 1/2 LOT 51 SW 1/4
Tax Annual Amount: 7415

Utilities

Heating system: Natural Gas, Other (Heating), Hot Water(Heating), Forced Air
Cooling system: Central Air, Zoned
Water source: Public

Building Details

Year built: 1907
Number of units: 4
Building materials: Composition, Vinyl Siding
Roof type: Shingle
Additional Structures: Storage

We can help!

Contact an agent

Nicholas Schauble

Listing agent Nicholas Schauble License #471019903

Listing office The Royal Realty Company Illin 217 E High Point Road, Peoria, IL

Listing date May 5, 2026

MLS# PA1266268 Listing URL

HighLights

High income potential: Generates over $52,000 in annual income.
Multiple units: Includes a primary residence (6 bed/4 bath), studio apartment, and finished lower level.
Four‑car garage: Features a finished 2nd story with an open floorplan.
Original woodworking: Boasts beautiful original woodworking, including built‑ins and transom windowed doors.
Spacious kitchen: Fully applianced kitchen with Roecker cabinets.
Finished lower level: Offers daylight windows and charm.

Overview

This multifamily property in Morton, Illinois, presents an opportunity for generating passive income or for owner-occupancy. The property features four units, including a primary residence (Unit A) with 6 bedrooms and 4 full bathrooms, complemented by a spacious kitchen with Roecker cabinets and original woodworking, including built-ins and transom-windowed doors. The finished lower level (Unit C) offers daylight windows and character. The third story (Unit B) contains a studio apartment. A four-car garage includes a finished second story built in 1999 (Unit D) with an open floorplan and spacious rooms. The property currently generates over $52,000 in annual income and is located on a 0.258-acre lot.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Morton
County: Tazewell
State: Illinois
Longitude: -89.456134
Latitude: 40.615485

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For sale
Quadplexes
IL
Morton
61550
540 N MAIN Street

What type of property is this?

Quadplex - Income-generating multifamily property with four units and a four-car garage.

Where is this quadplex located?

The property is located at 540 N MAIN Street Morton, IL.

What is the asking price?

The asking price for this property is $364,900.

What are key features of this property?

This property features: High income potential: Generates over $52,000 in annual income.; Multiple units: Includes a primary residence (6 bed/4 bath), studio apartment, and finished lower level.; Four‑car garage: Features a finished 2nd story with an open floorplan.

540 N MAIN Street, Morton, IL 61550

MULTI_FAMILY - Morton, IL

Property Features for 540 N MAIN Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Thriving Fitness Business Opportunity

Morton Building For Sale

Commercial Lot For Sale

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