4609 State Street

Quincy, IL 62305

$1,600,000
Price
Beds
13,888 Sq. Ft.
$115 / Sq. Ft.
13,888
Sq. Ft.
$115
per Sq. Ft.

Description

This multifamily property features 16 units, consisting of four triplexes and two duplexes, all offering spacious 3-bedroom, 2-full bathroom layouts. With a well-maintained concrete parking lot providing 32 spaces, tenants enjoy ample parking. Each unit is currently rented, structured on an 11-month lease, with a down month typically scheduled in June. This flexible rental agreement offers stability for both investors and tenants alike. Please reach out to Max Dancer, Happel, Inc REALTORS® for additional...This multifamily property features 16 units, consisting of four triplexes and two duplexes, all offering spacious 3-bedroom, 2-full bathroom layouts. With a well-maintained concrete parking lot providing 32 spaces, tenants enjoy ample parking. Each unit is currently rented, structured on an 11-month lease, with a down month typically scheduled in June. This flexible rental agreement offers stability for both investors and tenants alike. Please reach out to Max Dancer, Happel, Inc REALTORS® for additional questions or to schedule a showing.
  1. Listed by Max Dancer • Happel, Inc., REALTORS • Office: 217-224-8383

Property Details for 4609 State Street

Parking Total
32.0
Subdivision Name
None
LISTING UPDATED: 10/24/2024 03:01 PM

Property Details for 4609 State Street

StatusActive
MLS #CA1032621
Days on Market37
Taxes$29,421 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built2014
Lot Size1.15 AC / 50,094 SF
CountyAdams County

Building Information for 4609 State Street

Stories-Residences16Year Built2014Building Size-Lot Size1.15 AC / 50,094 SF

Property Information for 4609 State Street

Summary
Location and General Information
  • City: Quincy
  • County Or Parish: Adams
  • Directions: East on State Street, North on Timberline Terr. Property is on the West Side.
  • Latitude: 39.925962
  • Longitude: -91.342803
  • MLSArea Minor: Quincy
  • Postal Code: 62301
  • State Or Province: IL
  • Zoning: C1B
Taxes and HOA Information
  • Parcel Number: 23-7-0765-014-00
  • Tax Annual Amount: $29,421
  • Tax Legal Description: LOT 2 MCCLELLAND'S 1ST ADDITION
  • Tax Year: 2023
School Information
  • High School: Quincy School District #172
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Two or More Story, Duplex, Triplex
  • Building Area Total: 13888.0
  • Lot Features: Level
  • Lot Size Acres: 1.15
  • Lot Size Dimensions: 220x230
  • Number Of Units Total: 16
  • 100 Year Plain: No
  • Certificate Of Zoning: No
Property and Assessments
  • Documents Available: Aerial Photos,Historic Info,Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 2014
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 16
  • Number Of Gas Meters: 16
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: None
  • Heating: Electric, Central Air
  • Laundry Features: Owned Equipment
  • Number Of Central Air Units: 16
  • Number Of Dryers: 16
  • Number Of Heating Units: 16
  • Number Of Washers: 16
  • Number Of Water Heaters: 16
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $184,030
  • Gross Scheduled Income: $184,030
  • Insurance Expense: $13,000
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $137,409
  • Operating Expense: $17,200
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $4,200
Unit 1
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2

Property History for 4609 State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4609 State Street

Taxable ValueLand$43,230Additions$401,480Total$444,710
Tax Record2023$29,421 ($2,452 / month)
Home Facts
Lot Size50,094 SqFtStyleMiscellaneous CommercialCountyADAMSAPN237076501400

Schools near 4609 State Street

This home is within Quincy School District 172.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
Thomas S Baldwin Elementary School Site 2
PublicK to 5

Quincy Jr High School
Public6 to 8

Quincy Sr High School
Public9 to 12

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.

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4609 State Street is a multi-family home for sale in Quincy, IL 62305. This property was listed for sale on October 18, 2024 by Happel, Inc., REALTORS, it's currently listed at $1,600,000. This listing's school district is Quincy School District 172. Nearby schools include Thomas S Baldwin Elementary School Site 2, Quincy Jr High School and Quincy Sr High School. 4609 State Street is a 0-bed, 0-bath, 13,888 sqft multi-family home built in 2014.

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 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 Happel, Inc., REALTORS

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.