2401 Ashland Circle
Morris, IL 60450
8
Bed
4
Bath
Excellent opportunity to own a turn-key, well-maintained, fully leased 4-unit apartment building in a quite north Morris neighborhood - 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 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. Positioned in a tight rental market with limited competition for quality workforce hous
Property Details
Map
Map
Features
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Bedroom Information
Total Bedroom: 8Bathroom Information
Total Baths: 4Room Information
Rooms Total: 24 -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Natural Gas WaterSource: Public
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Building Information
Year Built: 1998
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Lot Information
Lot Dimensions: 140x100x115x110 Lot Size: .25-.49 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$650000
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Tax Information
Annual Tax: $9800.2 Tax Year: 2024 Parcel Number: 0233202003
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Parking Information
Total Parking: 8 Unassigned, Yes
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School Information
Elementary School: Saratoga Elementary School Junior High School: Saratoga Elementary School Senior High School: Morris Community High School -
Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
City: Morris Direction: IL 47 to Green Acres west to Meadowbrook Lane, west to Ashland Circle, north to building.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1963 Taller Road, Morris, IL, 60450 | $374,900 | 3 | 3 | 2,028 | 2,028 SqFt |
| 1605 N Il Rte 47, Morris, IL, 60450 | $285,000 | 3 | 2 | 1,429 | 1,429 SqFt |
| 413 Price Street, Morris, IL, 60450 | $299,000 | 3 | 3 | 1,708 | 1,708 SqFt |
| 832 E Jefferson Street, Morris, IL, 60450 | $227,000 | 2 | 2 | 1,450 | 1,450 SqFt |
| 1082 Timber Edge Drive, Morris, IL, 60450 | $549,900 | 4 | 4 | 3,282 | 3,282 SqFt |
| 1198 Lisbon Street, Morris, IL, 60450 | $329,900 | 3 | 2 | 1,847 | 1,847 SqFt |
| 111 Buchanan Street, Morris, IL, 60450 | $140,000 | 2 | 1 | 1,000 | 1,000 SqFt |
| 5805 N Barrington Road, Morris, IL, 60450 | $795,000 | 5 | 5 | 4,632 | 4,632 SqFt |
| 325 Twilight Drive, Morris, IL, 60450 | $389,900 | 4 | 4 | 2,400 | 2,400 SqFt |
| 180 W Southmor Road, Morris, IL, 60450 | $319,900 | 3 | 2 | 1,734 | 1,734 SqFt |
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ByOwner last updated this listing 06/24/2026 @ 18:20
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