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Megan Pieper

meganpieper@outlook.com +1(563) 650-0546

Listed by Spencer Schelp • Swick Realty

$ 175,000

Est. payment -/mo

Save

Active

818 - 820 S 8TH ST Quincy, IL 62301

3,190 SqFt

UPDATED:

02/24/2025 08:01 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,190 sqft

Price per Sqft $54

MLS Listing ID QC4259981

Maintenance Fees $1,500

Originating Board rmlsa

Annual Tax Amount $1,688

Tax Year 2023

Lot Dimensions 60.5 x 112.5

Property Sub-Type Residential Income

Property Description

Excellent investment opportunity with this updated 4-unit property on S. 8th Street. This multi-family building offers a unique chance for an owner-occupant to live in one unit while generating rental income from the others, making it an ideal entry into real estate investing. Key features: * Potential Gross monthly rent of $2,050 ($24,600 / year) * 4 units, each with 1 bedroom and 1 bath * 3 units recently updated with modern plank flooring and fresh paint * 1 unit occupied by a long-term tenant * Garage (currently unrented) and off-street parking * Recent exterior improvements: tuckpointing and new paint * Separate electric & gas meters * 2 x month to month leases Perfect for first-time investors: * One vacant unit available for immediate owner occupancy * Option to lease vacancy to a non profit for $600 / month on 12 month lease * Collect rent from other tenants to offset mortgage costs * Gain valuable landlord experience while building equity * Excellent starting point for a rental property portfolio Additional benefits: * Down Payment Assistance available for eligible buyers * Potential for increased rental income by leasing the garage and signing new leases for at-will tenants. Great building for new or experienced investors.

Location

State IL

County Adams

Area Qcara Area

Direction 8th st between Washington & Jefferson on west side.

Rooms

Basement Partial, Unfinished

Interior

Interior Features Cable Available

Heating Gas, Window Unit(s)

Fireplace N

Laundry None

Exterior

View true

Roof Type Composition

Total Parking Spaces 6

Garage 1

Building

Lot Description Level

Faces 8th st between Washington & Jefferson on west side.

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":450,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1379147Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":500,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1379147Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":500,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1379147Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1379147Group_4\"}]

Foundation Stone

Water Public Sewer, Public

Structure Type Brick,Stone

New Construction false

Schools

High Schools Quincy School District #172

Others

Tax ID 23-2-1061-000-00

Megan Pieper

Agent

+1(563) 650-0546

Megan Pieper

818 - 820 S 8TH ST Quincy, IL 62301

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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818 - 820 S 8TH ST