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.
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The RMLS data on this page was last updated on Saturday, April 19th, 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 |
| Subdivision: | None |
| MLS: | CA1032621 |
| Square Feet: | 13,888 |
| Acres: | 1.15 |
| Lot Square Feet: | 1.15 acres |
| taxYear: | 2023 |
| apptPhone: | (217) 440-3100 |
| 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 |
| repossessed: | no |
| saleRentMLS: | For Sale |
| 100YearPlain: | No |
| parcelNumber: | 23-7-0765-014-00 |
| pricePerSqFt: | 115.21 |
| trashExpense: | 4200 |
| structureType: | Two or More Story, Duplex, Triplex |
| numberOfDryers: | 16 |
| searchPriceMLS: | 1600000 |
| listOfficePhone: | 217-224-8383 |
| managerOnSiteYN: | no |
| numberOfWashers: | 16 |
| 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 |
| numberOfGasMeters: | 16 |
| disclosedShortSale: | N |
| documentsAvailable: | Aerial Photos, Historic Info, Legal Description, Tenant Lease(s) |
| netOperatingIncome: | 137409 |
| agentRelatedToOwner: | no |
| certificateOfZoning: | No |
| confidentialListing: | MLS Listing |
| numberofWaterMeters: | 1 |
| taxLegalDescription: | LOT 2 MCCLELLAND'S 1ST ADDITION |
| grossScheduledIncome: | 184030 |
| numberOfHeatingUnits: | 16 |
| numberOfWaterHeaters: | 16 |
| solicitingFromBuyers: | no |
| addressSearchNumberMLS: | 4609 |
| numberOfElectricMeters: | 16 |
| numberOfCentralAirUnits: | 16 |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | None |
| agentIsDesignatedManagingBroker: | no |
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