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Morton Multifamily Income Opportunity

540 N MAIN Street, Morton, IL 61550

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Pending

$364,900

MULTI_FAMILY - Morton, IL

Lot size:

0.26 Acres

HighLights

4‑unit setup at 540 N Main Street: Unit A (6 bed/4 full bath), Unit B (3rd‑story studio), Unit C (finished lower level), Unit D (finished 2nd story)
Over $52,000 in current annual income reported in the remarks
1907 construction with original woodwork, built‑ins, and transom windowed doors
4‑car garage includes a finished 2nd story built in 1999 with an open floorplan and spacious room sizes
Finished lower level (Unit C) has daylight windows
Central air with zoned cooling; forced‑air natural gas heating and other heating plus hot water

We can help!

Contact an agent

Nicholas Schauble

Pending

$364,900

MULTI_FAMILY - Morton, IL

Lot size:

0.26 Acres

Added:: May 5, 2026
Days on Market:: 60
Last Refresh:: Jul 3 at 3:06 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, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 4
Parking: 4
Parking features: Oversize, Open
Interior features: Storage, Cable Available, High Speed Internet
Basement: Finished, Full, Daylight
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

Utilities

Heating system: Forced Air, Natural Gas, Other (Heating), Hot Water(Heating)
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

4‑unit setup at 540 N Main Street: Unit A (6 bed/4 full bath), Unit B (3rd‑story studio), Unit C (finished lower level), Unit D (finished 2nd story)
Over $52,000 in current annual income reported in the remarks
1907 construction with original woodwork, built‑ins, and transom windowed doors
4‑car garage includes a finished 2nd story built in 1999 with an open floorplan and spacious room sizes
Finished lower level (Unit C) has daylight windows
Central air with zoned cooling; forced‑air natural gas heating and other heating plus hot water

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

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Local Demand

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

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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: 4‑unit setup at 540 N Main Street: Unit A (6 bed/4 full bath), Unit B (3rd‑story studio), Unit C (finished lower level), Unit D (finished 2nd story); Over $52,000 in current annual income reported in the remarks; 1907 construction with original woodwork, built‑ins, and transom windowed doors

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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