540 N Main St

—
Baths
4,139 Sq. Ft.
$88 / Sq. Ft.
4,139
Sq. Ft.
$88
per Sq. Ft.

Description

House hack! You won't want to miss this opportunity! Whether you are looking to purchase an income property, or considering purchasing a personal residence that also generates passive income, 540 n main street might be the property for you! The primary residence (unit a) features 6 bedrooms & 4 full bathrooms, & fully applianced spacious kitchen is accented by roecker cabinets. Beautiful original woodworking throughout including built ins & transom windowed doors. Finished lower level (unit c) offers...House hack! You won't want to miss this opportunity! Whether you are looking to purchase an income property, or considering purchasing a personal residence that also generates passive income, 540 n main street might be the property for you! The primary residence (unit a) features 6 bedrooms & 4 full bathrooms, & fully applianced spacious kitchen is accented by roecker cabinets. Beautiful original woodworking throughout including built ins & transom windowed doors. Finished lower level (unit c) offers daylight windows & an abundance of charm & character. The 3rd story (unit b) features a studio apartment. The 4 car garage boasts a finished 2nd story built in 1999 (unit d) that offers an open floorplan & spacious room sizes. Over $52,000 in current annual income. Schedule your tour today!
  1. Listed by Nicholas Schauble • The Royal Realty Company Illin
    P: (309)-226-3223 C: (309)-226-3223 nick@royal309.com

Property Details for 540 North Main Street

Parking Total
4.0
Subdivision Name
Moschels & Ackerman
LISTING UPDATED: 05/21/2026 03:00 PM

Property Details for 540 North Main Street

StatusActive
MLS #PA1266268
Days on Market32
Taxes$7,415 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1907
Lot Size0.26 AC / 11,238 SF
CountyTazewell County

Location

Listing Courtesy of The Royal Realty Company Illin
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Building Information for 540 North Main Street

Stories-Residences4Year Built1907Building Size-Lot Size0.26 AC / 11,238 SF

Payment Calculator

$2,436 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,818

Property Taxes

$618

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 540 North Main Street

Summary
Location and General Information
  • City: Morton
  • County Or Parish: Tazewell
  • Directions: 150 TO 4 WAY STOP (N) ON MAIN STREET OR COURTLAND TO NORTH MAIN; PROPERTY IS ON THE CORNER OF MAIN & TYLER.
  • Latitude: 40.615485
  • Longitude: -89.456134
  • MLSArea Minor: PAAR Area
  • Postal Code: 61550
  • State Or Province: IL
  • Zoning: R3
Taxes and HOA Information
  • Parcel Number: 06-06-16-307-001
  • Tax Annual Amount: $7,415
  • Tax Legal Description: SEC 16 T25N R3W MOSCHEL & ACKERMAN ADDN LOT 52 & N 1/2 LOT 51 SW 1/4
  • Tax Year: 2025
School Information
  • Elementary School: Morton
  • High School: Morton
  • Middle Or Junior School: Morton Jr. High
Parking
  • Parking Features: Detached, Oversized, Garage Door Opener
Property
Lot Information
  • Structure Type: Apartment Building, Other
  • Building Area Total: 4139.0
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.258
  • Lot Size Dimensions: 75 X 150
  • Number Of Units Total: 4
  • 100 Year Plain: No
  • Certificate Of Zoning: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Aerial Photos,Tenant Lease(s)
  • Foundation Details: Brick/Mortar
  • New Construction: No
  • Year Built: 1907
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 2
  • Water Sewer Expense: $734
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Composition, Vinyl Siding
Interior Features
  • Basement: Daylight, Finished, Full
  • Cooling: Zoned, Central Air
  • Heating: Forced Air, Natural Gas, Hot Water, Gas Water Heater, Wall Unit(s), Window Unit(s)
  • Interior Features: Storage, Cable Available, High Speed Internet
  • Laundry Features: Other, Private
  • Number Of Central Air Units: 1
  • Number Of Dishwashers: 2
  • Number Of Dryers: 2
  • Number Of Heating Units: 3
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Washers: 2
  • Number Of Water Heaters: 2
  • Number Of Window Units: 3
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $495
  • Gross Income: $52,800
  • Gross Scheduled Income: $52,800
  • Insurance Expense: $1,916
  • Maintenance Expense: $2,200
  • Manager Expense: $4,800
  • Net Operating Income: $32,926
  • Operating Expense: $12,459
  • Advertising Expense: 0
  • Gas Expense: 1364
  • Misc Annual Income: 0
  • Trash Expense: $950
Unit 1
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 2
  • Number Parking: 2
  • Number Uncovered: 0
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: Other
  • Annual Vacancy Factor: 0

Property History for 540 North Main Street

DateEvent & SourcePriceAppreciation
May 5, 2026

Price Change

RMLS ALLIANCE #PA1266268

$364,900—
May 5, 2026

Listed (Active)

RMLS ALLIANCE #PA1266268

$374,900—
Jul 9, 2024

Expired

RMLS ALLIANCE #PA1249939

$359,900—
DateEvent & SourcePrice
05/05/2026

Price Change

RMLS ALLIANCE #PA1266268

$364,900
05/05/2026

Listed (Active)

RMLS ALLIANCE #PA1266268

$374,900
07/09/2024

Expired

RMLS ALLIANCE #PA1249939

$359,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 540 North Main Street

Taxable ValueLand$11,950Additions$97,460Total$109,410
Tax Record2025$7,415 ($618 / month)
Home Facts
Beds7Baths4Total Finished SqFt3,027 SqFtAbove Grade Finished SqFt2,547 SqFtFinished Basement SqFt480 SqFtStories2Lot Size11,250 SqFtStyleSingle Family ResidenceYear Built1999CountyTAZEWELLAPN06-06-16-307-001

Schools near 540 North Main Street

This home is within Morton Community Unit School District 709.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Jefferson Elementary School
PublicPK to 6

Morton Jr High School
Public7 to 8

Morton High School
Public9 to 12

Lincoln Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

540 North Main Street is a multi-family home for sale in Morton, IL 61550. This property was listed for sale on May 5, 2026 by The Royal Realty Company Illin, it's currently listed at $364,900. This listing's school district is Morton Community Unit School District 709. Nearby schools include Jefferson Elementary School, Morton Jr High School and Morton High School. 540 North Main Street is a 0-bed, 0-bath, 4,139 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Royal Realty Company Illin

Based on information submitted to the MLS GRID as of 05/21/2026 03:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.