• 400 S 7TH ST, Quincy, IL 62301
    400 S 7TH ST, Quincy, IL 62301
    400 S 7TH ST, Quincy, IL 62301
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    Listed by BobetteL Cawthon • Davis & Associates, REALTORS
    $700,000
    Est. payment /mo
    8,448 SqFt
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    UPDATED:

    Key Details

    Property Type Single Family Home, Multi-Family

    Sub Type Residential Income

    Listing Status Active

    Purchase Type For Sale

    Square Footage 8,448 sqft

    Price per Sqft $82

    MLS Listing ID CA1047030

    Maintenance Fees $600

    Year Built 2013

    Annual Tax Amount $15,597

    Tax Year 2024

    Lot Size 10,018 Sqft

    Acres 0.23

    Lot Dimensions 99 x 100

    Property Sub-Type Residential Income

    Source rmlsa

    Property Description

    Fully occupied 8-unit multifamily investment property built in 2013 with current gross rental income of $7,100/month ($85,200 annually). Seven units rent for $900, and one for $800. All Units feature open floor plans, 2 bedrooms and 1 bath, as well as in-unit washer/dryer hookups. Tenants pay all utilities except garbage. Numerous updates have been completed throughout the units, including flooring, appliances, and bathroom improvements. Each unit has its own furnace, central cooling, and electric water heater. Property includes sprinkler systems, one private off-street parking space per unit, plus additional off-street parking. An established income-producing property with strong amenities and tenant appeal. Interior photos submitted by seller.

    Location

    State IL

    County Adams

    Area Quincy

    Zoning R3

    Direction From 8th and State, North on 8th, to Kentucky, turn W follow to S 7th.

    Rooms

    Basement None

    Interior

    Interior Features Cable Available, High Speed Internet

    Heating Electric, Forced Air, Electric Water Heater

    Cooling Central Air

    Fireplace N

    Laundry Units Hook-Ups

    Exterior

    View true

    Roof Type Shingle

    Street Surface Paved

    Total Parking Spaces 8

    Garage 1

    Building

    Lot Description Level

    Faces From 8th and State, North on 8th, to Kentucky, turn W follow to S 7th.

    Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":800,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421727Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421727Group_2\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"0\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421727Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421727Group_4\"}]

    Foundation Slab

    Water Public Sewer, Public

    Structure Type Brick,Stucco

    New Construction false

    Schools

    Middle Schools Quincy Jr High

    High Schools Quincy School District #172

    Others

    Tax ID 232033900000


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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker License ID: 475.141177

    Broker License ID: 475.141177

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