505 Locust Street

Quincy, IL 62301

$52,000
Price
Beds
1,786 Sq. Ft.
$29 / Sq. Ft.
1,786
Sq. Ft.
$29
per Sq. Ft.

Description

Money making investment property! Two 2 bed 1 bath units currently paying $900/mo total. C1B zoning.Money making investment property! Two 2 bed 1 bath units currently paying $900/mo total. C1B zoning.
  1. Listed by Stephen Gramke • Happel, Inc., REALTORS • Office: 217-224-8383
  2. Listed by Chris Dye • Happel, Inc., REALTORS

Property Details for 505 Locust Street

Parking Total
0.0
Subdivision Name
None

Location

Listing Courtesy of Happel, Inc., REALTORS
Add your commute
LISTING UPDATED: 05/10/2024 03:01 PM

Property Details for 505 Locust Street

StatusActive
MLS #CA1025778
Days on Market203
Taxes$442 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.22 AC / 9,583 SF
CountyAdams County

Location

Listing Courtesy of Happel, Inc., REALTORS
Add your commute

Building Information for 505 Locust Street

Stories-Residences2Year Built-Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$321 per month

30 year fixed, 7.25% Interest

Principal and Interest

$284

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 Locust Street

Summary
Location and General Information
  • City: Quincy
  • County Or Parish: Adams
  • Directions: Locust between 5th & 6th
  • Latitude: 39.950707
  • Longitude: -91.407843
  • MLSArea Minor: Quincy
  • Postal Code: 62301
  • State Or Province: IL
  • Zoning: C1B - Commercial
Taxes and HOA Information
  • Parcel Number: 23-7-0898-000-00
  • Tax Annual Amount: $442
  • Tax Legal Description: LOT 7 JACKSON GRIMSHAW SUB LOT 7
  • Tax Year: 2022
School Information
  • Elementary School: Iles
  • High School: Quincy School District #172
Parking
  • Parking Features: Alley Access
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 1786.0
  • Lot Features: Level
  • Lot Size Acres: 0.22
  • Lot Size Dimensions: 50x195
  • Number Of Units Total: 2
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Stone
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Partial, Unfinished
  • Heating: Forced Air, Gas, Gas Water Heater, Window Unit(s)
  • Interior Features: High Speed Internet
  • Laundry Features: None
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 2
  • Number Of Ranges: 1
  • Numberof Refrigerators: 1
  • Number Of Washers: 0
  • Number Of Water Heaters: 2
  • Number Of Window Units: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $10,800
  • Gross Scheduled Income: $10,800
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $10,358
  • 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: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: No Utilities
  • Annual Vacancy Factor: 0

Property History for 505 Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 505 Locust Street

Taxable ValueLand$2,600Additions$4,000Total$6,600
Tax Record2021$446 ($37 / month)
Home Facts
Beds0Lot Size9,583 SqFtStyleSingle Family ResidenceCountyADAMSAPN237089800000

Schools near 505 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 2
Rating
School
Distance
Dewey Elementary School
PublicK to 5

Quincy Jr High School
Public6 to 8

Quincy Sr High School
Public9 to 12

Ellington Elementary School
PublicK to 2

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

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505 Locust Street is a multi-family home for sale in Quincy, IL 62301. This property was listed for sale on November 2, 2023 by Happel, Inc., REALTORS, it's currently listed at $52,000. 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. 505 Locust Street is a 0-bed, 0-bath, 1,786 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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Happel, Inc., REALTORS

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.