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)
© 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 Wednesday, April 30th, 2025.
Listed by: Happel, Inc., REALTORS 217-430-9353
Data services provided by IDX Broker
View full listing details | Price: | $27,000 |
| Address: | 525-527 College Avenue |
| City: | Quincy |
| County: | Adams |
| State: | Illinois |
| Zip Code: | 62301 |
| Subdivision: | None |
| MLS: | CA1032812 |
| Square Feet: | 1,109 |
| Acres: | 0.09 |
| Lot Square Feet: | 0.09 acres |
| roof: | Shingle |
| heating: | Baseboard, Natural Gas, Wall Unit(s) |
| taxYear: | 2023 |
| basement: | Cellar |
| leaseTerm: | Month To Month |
| mlsStatus: | Pending Continue to Show |
| agentOwned: | no |
| directions: | College between 5th & 6th St. On North side of street |
| highSchool: | Quincy School District #172 |
| lvtDateMLS: | 2024-10-31 |
| tenantPays: | All Utilities |
| grossIncome: | 9600 |
| lotFeatures: | Level |
| repossessed: | no |
| saleRentMLS: | For Sale |
| waterSource: | Public Sewer, Public |
| 100YearPlain: | No |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-5-0717-000-00 |
| pricePerSqFt: | 24.35 |
| structureType: | Duplex |
| documentsCount: | 1 |
| searchPriceMLS: | 27000 |
| laundryFeatures: | Units Hook-Ups |
| listOfficePhone: | 217-224-8383 |
| managerOnSiteYN: | no |
| parkingFeatures: | On Street |
| statusDetailMLS: | 1 |
| taxAnnualAmount: | 554 |
| currentFinancing: | Cash Only, Conventional |
| elementarySchool: | Rooney |
| listingAgreement: | Exclusive Right To Sell |
| taxExemptionsMLS: | None |
| firstPhotoAddDate: | 2024-10-31T14:09:01 |
| lotSizeDimensions: | 40x100 |
| newConstructionYN: | no |
| numberOfGasMeters: | 2 |
| seniorCommunityYN: | no |
| disclosedShortSale: | N |
| documentsAvailable: | None Available |
| netOperatingIncome: | 9046 |
| numberOfUnitsTotal: | 2 |
| agentRelatedToOwner: | no |
| confidentialListing: | MLS Listing |
| listingContractDate: | 2024-10-30T00:00:00+00:00 |
| numberofWaterMeters: | 2 |
| taxLegalDescription: | LOT 1 BLK 20 KEYES SURVEY W 40FT OF S 99FT OF E 141FT LOT 1 |
| grossScheduledIncome: | 9600 |
| numberOfHeatingUnits: | 2 |
| numberOfWaterHeaters: | 2 |
| purchaseContractDate: | 2025-04-15T00:00:00+00:00 |
| solicitingFromBuyers: | no |
| constructionMaterials: | Other, Stucco, Vinyl Siding |
| statusChangeTimestamp: | 2025-04-17T00:00:00+00:00 |
| addressSearchNumberMLS: | 525 |
| numberOfElectricMeters: | 2 |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | None |
| agentIsDesignatedManagingBroker: | no |
