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525-527 College Avenue

QUINCY, IL 62301
  • $32,500
  • STATUS: Active
  • ON SITE: 99 Days
  • ID#: CA1032812
UPDATED: 8 min ago
$32,500
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

Elementary School:

Description

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)

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© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kinney Garst Sales Team | The Real Estate Group. Data last updated: 2025-02-08T17:45:00.033.
www.kinneygarst.com/homes/157363810
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525-527 College Avenue QUINCY, IL 62301

  • Price: $32,500
  • Status: Active
  • On Site: 99 Days
  • Updated: 8 min ago
  • ID#: CA1032812
0
Beds
0
Baths
0
½ Baths
0.09
Acres
Neighborhood:
None
County:
Adams
Area:
Quincy
Elementary School:
Rooney
High School:
Quincy School District #172
Property Description
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)
Exterior Features

Construction Materials OtherStuccoVinyl Siding Parking Features On Street Parking Total 0 Road Surface Type Curbs & Gutters Roof Shingle

Interior Features

Basement Cellar Building Area Total 1109 Heating BaseboardGasWall Unit(s) Laundry Features Units Hook-Ups Number Of Central Air Units 0 Number Of Electric Meters 2 Number Of Gas Meters 2 Number Of Heating Units 2 Number Of Water Heaters 2

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 9600 Gross Scheduled Income 9600 Insurance Expense 0 Lease Term Month To Month Lot Features Level Lot Size Dimensions 40x100 Manager On Site YN No Net Operating Income 9046 New Construction YN No Number Of Water Meters 2 Operating Expense 0 Repossessed No Structure Type Duplex Tax Annual Amount 554 Tax Legal Description LOT 1 BLK 20 KEYES SURVEY W 40FT OF S 99FT OF E 141FT LOT 1 Tax Year 2023 Tenant Pays All Utilities Trash Expense 0 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Jacquelyn Weisenburger of Happel, Inc., REALTORS: Office: 217-224-8383.
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kinney Garst Sales Team | The Real Estate Group. Data last updated: 2025-02-08T17:45:00.033.
 
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Kinney Garst Sales Team | The Real Estate Group
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