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 at $1,125 per month, 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.
© Copyright 2025 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than Happel Inc., Realtors are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed.
The RMLS data on this page was last updated on Saturday, February 22nd, 2025.
Listed by: Happel, Inc., REALTORS Office: 217-224-8383
Data services provided by IDX Broker
View full listing details | Price: | $1,600,000 |
| Address: | 4609 STATE Street |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62301 |
| Subdivision: | None |
| MLS: | CA1032621 |
| Year Built: | 2014 |
| Square Feet: | 13,888 |
| Acres: | 1.15 |
| Lot Square Feet: | 1.15 acres |
| roof: | Shingle |
| heating: | Electric, Central Air |
| taxYear: | 2023 |
| basement: | None |
| apptPhone: | (217) 440-3100 |
| mlsStatus: | Active |
| agentOwned: | no |
| directions: | East on State Street, North on Timberline Terr. Property is on the West Side. |
| highSchool: | Quincy School District #172 |
| lvtDateMLS: | 2024-10-21 |
| grossIncome: | 184030 |
| lotFeatures: | Level |
| repossessed: | no |
| saleRentMLS: | For Sale |
| waterSource: | Public Sewer, Public |
| 100YearPlain: | No |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-7-0765-014-00 |
| parkingTotal: | 32 |
| pricePerSqFt: | 115.21 |
| trashExpense: | 4200 |
| structureType: | Two or More Story, Duplex, Triplex |
| numberOfDryers: | 16 |
| searchPriceMLS: | 1600000 |
| laundryFeatures: | Owned Equipment |
| listOfficePhone: | 217-224-8383 |
| managerOnSiteYN: | no |
| numberOfWashers: | 16 |
| parkingFeatures: | Other |
| taxAnnualAmount: | 29421 |
| yearBuiltSource: | Public Records |
| insuranceExpense: | 13000 |
| listingAgreement: | Exclusive Right To Sell |
| operatingExpense: | 17200 |
| taxExemptionsMLS: | None |
| firstPhotoAddDate: | 2024-10-21T20:38:03.3 |
| lotSizeDimensions: | 220x230 |
| newConstructionYN: | no |
| numberOfGasMeters: | 16 |
| seniorCommunityYN: | no |
| disclosedShortSale: | N |
| documentsAvailable: | Aerial Photos, Historic Info, Legal Description, Tenant Lease(s) |
| netOperatingIncome: | 137409 |
| numberOfUnitsTotal: | 16 |
| agentRelatedToOwner: | no |
| certificateOfZoning: | No |
| confidentialListing: | MLS Listing |
| listingContractDate: | 2024-10-18T00:00:00+00:00 |
| numberofWaterMeters: | 1 |
| taxLegalDescription: | LOT 2 MCCLELLAND'S 1ST ADDITION |
| grossScheduledIncome: | 184030 |
| numberOfHeatingUnits: | 16 |
| numberOfWaterHeaters: | 16 |
| solicitingFromBuyers: | no |
| constructionMaterials: | Vinyl Siding |
| statusChangeTimestamp: | 2024-10-21T00:00:00+00:00 |
| addressSearchNumberMLS: | 4609 |
| numberOfElectricMeters: | 16 |
| numberOfCentralAirUnits: | 16 |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | None |
| agentIsDesignatedManagingBroker: | no |
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