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.
© 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, April 5th, 2025.
Listed by: Happel, Inc., REALTORS 217-430-9353
Data services provided by IDX Broker
View full listing details | Price: | $30,000 |
| Address: | 523 College Avenue |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62301 |
| Subdivision: | None |
| MLS: | CA1032813 |
| Square Feet: | 2,013 |
| Acres: | 0.2 |
| Lot Square Feet: | 0.2 acres |
| roof: | Shingle |
| heating: | Baseboard, Wall Unit(s) |
| taxYear: | 2023 |
| basement: | Cellar |
| leaseTerm: | Month To Month |
| mlsStatus: | Active |
| agentOwned: | no |
| directions: | College between 5th & 6th. North side of the street. |
| highSchool: | Quincy School District #172 |
| lvtDateMLS: | 2024-10-31 |
| grossIncome: | 800 |
| lotFeatures: | Level |
| repossessed: | no |
| saleRentMLS: | For Sale |
| waterSource: | Public Sewer, Public |
| 100YearPlain: | No |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-5-0716-000-00 |
| parkingTotal: | 1 |
| pricePerSqFt: | 14.9 |
| structureType: | Other |
| documentsCount: | 2 |
| searchPriceMLS: | 30000 |
| laundryFeatures: | Units Hook-Ups |
| listOfficePhone: | 217-224-8383 |
| managerOnSiteYN: | no |
| parkingFeatures: | On Street |
| roadSurfaceType: | Alley |
| taxAnnualAmount: | 985 |
| currentFinancing: | Cash Only, Conventional |
| elementarySchool: | Rooney |
| listingAgreement: | Exclusive Right To Sell |
| taxExemptionsMLS: | None |
| firstPhotoAddDate: | 2024-10-31T14:11:16.5 |
| foundationDetails: | Stone |
| lotSizeDimensions: | 87x100 |
| newConstructionYN: | no |
| numberOfGasMeters: | 3 |
| seniorCommunityYN: | no |
| disclosedShortSale: | N |
| documentsAvailable: | None Available |
| netOperatingIncome: | -185 |
| numberOfUnitsTotal: | 3 |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| listingContractDate: | 2024-10-30T00:00:00+00:00 |
| numberofWaterMeters: | 2 |
| taxLegalDescription: | LOT 1 BLK 20 KEYES SURVEY E 21FT OF W 47FT LOT 1 |
| grossScheduledIncome: | 800 |
| numberOfHeatingUnits: | 2 |
| numberOfWaterHeaters: | 3 |
| solicitingFromBuyers: | no |
| constructionMaterials: | Brick |
| statusChangeTimestamp: | 2024-10-31T00:00:00+00:00 |
| addressSearchNumberMLS: | 523 |
| numberOfElectricMeters: | 3 |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | None |
| agentIsDesignatedManagingBroker: | no |
