537 Locust St

—
Baths
3,780 Sq. Ft.
$48 / Sq. Ft.
3,780
Sq. Ft.
$48
per Sq. Ft.

Description

Investor opportunity! This 4-plex offers $2,200/month in gross rents with additional upside potential. Garages could generate extra income if rented separately as storage units. A solid multi-unit property with multiple potential revenue streams.Investor opportunity! This 4-plex offers $2,200/month in gross rents with additional upside potential. Garages could generate extra income if rented separately as storage units. A solid multi-unit property with multiple potential revenue streams.
  1. Listed by Jeremy Farlow • Farlow Real Estate Experts
    P: (217)-257-0098 C: (217)-257-0098 jfarlow@farlowrealty.com

Property Details for 537 Locust Street

Parking Total
4.0
Subdivision Name
None
LISTING UPDATED: 05/19/2026 03:01 PM

Property Details for 537 Locust Street

StatusActive
MLS #CA1043663
Days on Market23
Taxes$1,986 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.29 AC / 12,632 SF
CountyAdams County

Location

Listing Courtesy of Farlow Real Estate Experts
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Building Information for 537 Locust Street

Stories-Residences4Year Built-Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$1,062 per month

30 year fixed, 6.36% Interest

Principal and Interest

$897

Property Taxes

$166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 537 Locust Street

Summary
Location and General Information
  • City: Quincy
  • County Or Parish: Adams
  • Directions: North on 8th. Left on Locust, house on right.
  • Latitude: 39.950736
  • Longitude: -91.406763
  • MLSArea Minor: Quincy
  • Postal Code: 62301
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 23-7-0892-000-00
  • Tax Annual Amount: $1,986
  • Tax Legal Description: LOT 2 JACKSON GRIMSHAW SUB LOT 1 & E 15FT LOT 2
  • Tax Year: 2024
School Information
  • Elementary School: Iles
  • High School: Quincy School District #172
  • Middle Or Junior School: Quincy JR High
Parking
  • Parking Features: Alley Access, Detached, Other
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 3780.0
  • Lot Features: Level
  • Lot Size Acres: 0.29
  • Lot Size Dimensions: 195x64
  • Number Of Units Total: 4
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 4
  • Numberof Water Meters: 4
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Other
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full, Unfinished
  • Heating: Forced Air
  • Number Of Central Air Units: 4
  • Number Of Heating Units: 4
  • Number Of Water Heaters: 4
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-1,986
  • Operating Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 537 Locust Street

DateEvent & SourcePriceAppreciation
May 11, 2026

Listed (Active)

RMLS ALLIANCE #CA1043663

$180,000—
Jul 30, 2025

Expired

MARIS #25012953

$179,500—
Mar 11, 2025

Listed (Active)

MARIS #25012953

$190,000—
DateEvent & SourcePrice
05/11/2026

Listed (Active)

RMLS ALLIANCE #CA1043663

$180,000
07/30/2025

Expired

MARIS #25012953

$179,500
03/11/2025

Listed (Active)

MARIS #25012953

$190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 537 Locust Street

Taxable ValueLand$4,260Additions$25,480Total$29,740
Tax Record2024$1,830 ($152 / month)
Home Facts
Beds0Lot Size12,632 SqFtStyleSingle Family ResidenceCountyADAMSAPN237089200000

Schools near 537 Locust Street

This home is within Quincy School District 172.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
Dewey Elementary School
PublicK to 5

Quincy Jr High School
Public6 to 8

Quincy Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

537 Locust Street is a multi-family home for sale in Quincy, IL 62301. This property was listed for sale on May 11, 2026 by Farlow Real Estate Experts, it's currently listed at $180,000. It has been on the market for a total of 23 days and was last sold on June 15, 2017. This listing's school district is Quincy School District 172. Nearby schools include Dewey Elementary School, Quincy Jr High School and Quincy Sr High School. 537 Locust Street is a 0-bed, 0-bath, 3,780 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Farlow Real Estate Experts

Based on information submitted to the MLS GRID as of 05/19/2026 03:01 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.