523 College Avenue

Quincy, IL 62301

$60,000
Price
Beds
2,013 Sq. Ft.
$30 / Sq. Ft.
2,013
Sq. Ft.
$30
per Sq. Ft.

Description

Unique investment opportunity with multiple properties included in one package! This purchase includes an empty lot at 523 College, along with a 2-unit duplex at 525-527 College, and an additional rehab-ready home at 519 College. The duplex currently has long-term tenants, generating steady income of $800/month, with each unit featuring a spacious, mirrored layout to centralize plumbing. Heating is provided by wall-mounted gas heaters with baseboard heaters as a backup. The property also benefits...Unique investment opportunity with multiple properties included in one package! This purchase includes an empty lot at 523 College, along with a 2-unit duplex at 525-527 College, and an additional rehab-ready home at 519 College. The duplex currently has long-term tenants, generating steady income of $800/month, with each unit featuring a spacious, mirrored layout to centralize plumbing. Heating is provided by wall-mounted gas heaters with baseboard heaters as a backup. The property also benefits from an updated roof (year unknown) and a welcoming covered front porch. The home at 519 College is prepped for a full rehab, offering the ideal blank slate for investors looking to bring this property back to life. Included building materials, like era-appropriate kitchen cabinets, will convey with the sale. This all-inclusive package provides endless possibilities, from rental income to development potential on the additional lot. An incredible opportunity to add value and increase revenue in a well-situated location! 23-5-0715-000-00, 23-5-0717-000-00. Prop taxes are for all 3 combined. Lot size is for all 3 parcels.
  1. Listed by Jacquelyn Weisenburger • Happel, Inc., REALTORS • Office: 217-224-8383

Property Details for 523 College Avenue

Parking Total
1.0
Subdivision Name
None
LISTING UPDATED: 11/01/2024 03:01 PM

Property Details for 523 College Avenue

StatusActive
MLS #CA1032813
Days on Market2
Taxes$985 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.20 AC / 8,712 SF
CountyAdams County

Building Information for 523 College Avenue

Stories-Residences3Year Built-Building Size-Lot Size0.20 AC / 8,712 SF

Property Information for 523 College Avenue

Summary
Location and General Information
  • City: Quincy
  • County Or Parish: Adams
  • Directions: College between 5th & 6th. North side of the street.
  • Latitude: 39.939575
  • Longitude: -91.407346
  • MLSArea Minor: Quincy
  • Postal Code: 62301
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 23-5-0716-000-00
  • Tax Annual Amount: $985
  • Tax Legal Description: LOT 1 BLK 20 KEYES SURVEY E 21FT OF W 47FT LOT 1
  • Tax Year: 2023
School Information
  • Elementary School: Rooney
  • High School: Quincy School District #172
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 2013.0
  • Lot Features: Level
  • Lot Size Acres: 0.2
  • Lot Size Dimensions: 87x100
  • Number Of Units Total: 3
  • 100 Year Plain: No
  • Road Surface Type: Alley, Curbs & Gutters
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Stone
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 2
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: Cellar
  • Heating: Baseboard, Wall Unit(s)
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 2
  • Number Of Water Heaters: 3
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $800
  • Gross Scheduled Income: $800
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-185
  • Operating Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: Gas & Electric
  • Annual Vacancy Factor: 0

Property History for 523 College Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 523 College Avenue

Taxable ValueLand$890Additions-Total$890
Tax Record2023$59 ($5 / month)
Home Facts
Beds0StyleResidentialCountyADAMSAPN235071600000

Schools near 523 College Avenue

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
Washington Elementary School
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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523 College Avenue is a multi-family home for sale in Quincy, IL 62301. This property was listed for sale on October 30, 2024 by Happel, Inc., REALTORS, it's currently listed at $60,000. This listing's school district is Quincy School District 172. Nearby schools include Washington Elementary School, Quincy Jr High School and Quincy Sr High School. 523 College Avenue is a 0-bed, 0-bath, 2,013 sqft multi-family home.

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.