2401 Ashland Circle, Morris, IL 60450

Local realty services provided by:Better Homes and Gardens Real Estate Connections
2401 Ashland Circle,Morris, IL 60450
$650,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kelly farley
Office: give back realty
MLS#:12427634
Source:MLSNI

Price summary

  • Price:$650,000

About this home

Turnkey 4-unit investment property in prime Morris location. An excellent opportunity to own a well-maintained, fully leased 4-unit apartment building in desirable north Morris - 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 separately metered and 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. This property offers strong cash flow and long-term appreciation potential - ideal for new investors entering the rental market or seasoned owners looking to expand their portfolio. With minimal local competition for

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1998
  • Listing ID #:12427634
  • Added:72 day(s) ago
  • Updated:February 21, 2026 at 11:58 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1998

Schools

  • High school:Morris Community High School
  • Middle school:Saratoga Elementary School
  • Elementary school:Saratoga Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Tax amount:$9,800 (2024)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 2401 Ashland Circle