525-527 College Avenue

Quincy, IL 62301

$45,000
Price
Beds
1,109 Sq. Ft.
$41 / Sq. Ft.
1,109
Sq. Ft.
$41
per Sq. Ft.

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...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)
  1. Listed by Jacquelyn Weisenburger • Happel, Inc., REALTORS • Office: 217-224-8383

Property Details for 525-527 College Avenue

Parking Total
0.0
Subdivision Name
None
LISTING UPDATED: 11/04/2024 02:03 PM

Property Details for 525-527 College Avenue

StatusActive
MLS #CA1032812
Days on Market22
Taxes$554 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.09 AC / 3,920 SF
CountyAdams County

Building Information for 525-527 College Avenue

Stories-Residences2Year Built-Building Size-Lot Size0.09 AC / 3,920 SF

Property Information for 525-527 College Avenue

Summary
Location and General Information
  • City: Quincy
  • County Or Parish: Adams
  • Directions: College between 5th & 6th St. On North side of street
  • Latitude: 39.939551
  • Longitude: -91.40724
  • MLSArea Minor: Quincy
  • Postal Code: 62301
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 23-5-0717-000-00
  • Tax Annual Amount: $554
  • Tax Legal Description: LOT 1 BLK 20 KEYES SURVEY W 40FT OF S 99FT OF E 141FT 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: Duplex
  • Building Area Total: 1109.0
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Dimensions: 40x100
  • Number Of Units Total: 2
  • 100 Year Plain: No
  • Road Surface Type: Curbs & Gutters
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 2
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Other, Stucco, Vinyl Siding
Interior Features
  • Basement: Cellar
  • Heating: Baseboard, Gas, Wall Unit(s)
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $9,600
  • Gross Scheduled Income: $9,600
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $9,046
  • 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: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • 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
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: All Utilities

Property History for 525-527 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 525-527 College Avenue

Taxable ValueLand$1,670Additions$6,690Total$8,360
Tax Record2023$553 ($46 / month)
Home Facts
Beds0StyleSingle Family ResidenceCountyADAMSAPN235071700000

Schools near 525-527 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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525-527 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 $45,000. 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. 525-527 College Avenue is a 0-bed, 0-bath, 1,109 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.