525-527 COLLEGE AVE Active Save Request In-Person Tour Request Virtual Tour
Quincy,IL 62301
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 1,109 sqft
Price per Sqft $40
MLS Listing ID CA1032812
Annual Tax Amount $554
Tax Year 2023
Lot Size 3,920 Sqft
Property Description
Income-generating duplex with an additional lot included! This 2-unit property at 525-527 College has long-term tenants in place, with Unit 525 occupied for 4+ years and Unit 527 for over 12 years. Each spacious unit offers a well-maintained layout, with mirror-flipped designs to centralize plumbing along the shared wall. Heating is provided by wall-mounted gas heaters, with baseboard heaters as a backup. While most updates are cosmetic in nature, the property benefits from an updated roof (year unknown) and a welcoming covered front porch for outdoor enjoyment. The additional lot at 523 College offers exciting potential for future development or added value. An excellent investment with steady rental income of $800/month, appealing to both seasoned and new investors! 523 College is an empty lot 23-5-0716-000-00, taxes are approx $60 year. (This offering can be purchased in a package deal to include 519 College - a neighboring lot)
Location
State IL
County Adams
Area Quincy
Interior
Heating Baseboard,Gas,Wall Unit(s)
Laundry Units Hook-Ups
Exterior
View true
Roof Type Shingle
Building
Lot Description Level
Water Public Sewer,Public
Structure Type Other,Stucco,Vinyl Siding
New Construction false
Schools
Elementary Schools Rooney
High Schools Quincy School District #172