Quadplex with Attached 4-Car
For Sale
$364,900
Pending
540 N MAIN Street, Morton, IL 61550
MULTI_FAMILY - Morton, IL
Property SizeContact for details
Lot Size0.26 Acres
Days on Market106
Property Features for 540 N MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2
Parking
4
Parking features
Open, Oversize
Interior features
Storage, Cable Available, High Speed Internet
Basement
Daylight, Full, Finished
Subdivision
Moschels & Ackerman
Lot features
Corner Lot, Level
Elementary school
Morton
Middle school
Morton Jr. High
High school
Morton
Directions
150 TO 4 WAY STOP (N) ON MAIN STREET OR COURTLAND TO NORTH MAIN; PROPERTY IS ON THE CORNER OF MAIN & TYLER.
Standard status
Pending
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
Legal Description
SEC 16 T25N R3W MOSCHEL & ACKERMAN ADDN LOT 52 & N 1/2 LOT 51 SW 1/4
Utilities
Heating system
Forced Air, Other (Heating), Hot Water(Heating), Natural Gas
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1907
Number of units
4
Building materials
Composition, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
The Royal Realty Company Illin
(309) 226-3223
Listed By:
Nicholas Schauble · License #471019903
(309) 226-3223
Added: May 5
Changed: Aug 4
Last Checked: Aug 18 at 3:06AM
MLS# PA1266268
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex at 540 N Main Street in Morton is designed for both owner-occupants and rental income, with separate living spaces identified as Units A through D. Unit A is the primary residence and features 6 bedrooms and 4 full bathrooms, plus a fully applianced spacious kitchen. Original woodwork throughout includes built-ins and transom windowed doors. Unit C includes a finished lower level with daylight windows. Unit B is the third-story studio apartment. Unit D is a finished second story above the 4-car garage, built in 1999, with an open floorplan and spacious room sizes.
The home sits on 0.258 acres and is zoned R3. Construction includes composition materials and vinyl siding, with a shingle roof. Utilities include public water, and the interior offers storage plus cable availability and high-speed internet. Heating includes natural gas with forced air and hot water components, while cooling is provided via central air with zoning. Parking is described as oversize and open.
With multiple self-contained units and completed living levels, this property provides a flexible setup for an income-focused buyer or a house-hack strategy.
The home sits on 0.258 acres and is zoned R3. Construction includes composition materials and vinyl siding, with a shingle roof. Utilities include public water, and the interior offers storage plus cable availability and high-speed internet. Heating includes natural gas with forced air and hot water components, while cooling is provided via central air with zoning. Parking is described as oversize and open.
With multiple self-contained units and completed living levels, this property provides a flexible setup for an income-focused buyer or a house-hack strategy.
Key Highlights
- Quadplex with Units A through D across multiple finished levels
- Primary Unit A features 6 bedrooms and 4 full bathrooms
- Third‑story Unit B is a studio apartment
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 61550, IL
18,488
Population
8,053
Households
2.3
Avg Household Size
42
Median Age
40%
College-Educated
97%
High-School Grad
41.2 sq mi
ZIP Area
449
Density / Sq Mi
$92,269
Median Household Income
$48,692
Median Earnings
$1,001
Median Rent
$247,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex zoned R3 with a 4-car garage, central air, and multiple finished living levels including a studio unit.
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: Quadplex with Units A through D across multiple finished levels; Primary Unit A features 6 bedrooms and 4 full bathrooms; Third‑story Unit B is a studio apartment
