$410,000
SOLD SEP 2, 2025

1131-1141 Kochs Ln Quincy, IL 62305

8 Beds
-- Bath
4,736 Sq Ft
0.55 Acres

Recently Sold

$87 Per Sq Ft

11% Below List Price

5 Days on Market

Highlights

  • Corner Lot
  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2025

Fuel your portfolio with this income-generating, hassle-free fourplex! Perfectly positioned on a corner lot in a sought-after north side neighborhood near restaurants, parks, and conveniences, this well-maintained multi-family property is a standout investment opportunity. Built in 1999, it features four spacious 2-bedroom, 1-bath units—each with its own attached garage, in-unit laundry, and separately metered utilities for maximum efficiency. With current rents below market value, there’s immediate upside potential for increased returns. Whether you’re looking to expand your portfolio or dive into multi-family investing, this one is a smart move—don’t miss it! 48 hour noticed preferred due to tenant schedules.

Last Agent to Sell the Property

Melissa Sullivan

Happel, Inc., REALTORS Brokerage Phone: 217-224-8383 License #475127805 Listed on: 07/23/2025

Last Buyer's Agent

Brandi Griswold

Happel, Inc., REALTORS License #475123780

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,490

Year Built

  • Built in 1999

Lot Details

  • 0.55 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Poured Concrete
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Bedrooms
  • 4,736 Sq Ft Home
  • Crawl Space

Schools

  • ILES Elementary School
  • Quincy Jr High Middle School
  • Quincy School District #172 High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 23-7-1631-000-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,490

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1999
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: One Story, Quadruplex
  • PricePerSqFt: 86.57
  • Attribution Contact: Office: 217-224-8383
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Poured Concrete
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 4
  • NumberOfHeatingUnits: 4
  • NumberOfCentralAirUnits: 4
  • NumberOfGasMeters: 4
  • NumberOfElectricMeters: 4
  • NumberofWaterMeters: 4
  • NumberOfRanges: 4
  • NumberofRefrigerators: 4
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 4
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • AdvertisingExpense: 0

Schools

  • Elementary School: Iles
  • High School: Quincy School District #172
  • Middle Or Junior School: Quincy JR High

Lot Info

  • Lot Size Acres: 0.55
  • Lot Size: 78 x 141 & 110 x 127
  • Parcel #: 23-7-1631-000-00

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: One Year or Less

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8490
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 45300
  • Annual Operating Expense: 3766

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2020
Sold by
Freiburg Tanner E
Bought by
Rees Cameron and Rees Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,598
Outstanding Balance
$288,840
Interest Rate
2.63%
Mortgage Type
FHA
Estimated Equity
$128,908
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $332,000 Wilke Beth A
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,000 Credit Line Revolving
Open $325,598 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Sold $410,000 -10.9% $87 / Sq Ft
07/28/2025 07/28/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $460,000 -- $97 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,491 $130,210 $16,170 $114,040
2023 $7,992 $120,800 $15,000 $105,800
2022 $7,559 $112,800 $14,010 $98,790
2021 $7,204 $110,540 $13,730 $96,810
2020 $3,684 $53,430 $6,730 $46,700
2019 $3,615 $52,860 $6,660 $46,200
2018 $3,586 $51,830 $6,520 $45,310
2017 $3,497 $51,320 $6,460 $44,860
2016 $3,433 $49,240 $6,200 $43,040
2015 $3,296,580 $49,240 $6,200 $43,040
2012 $3,298 $47,590 $5,990 $41,600
Source: Public Records

Agents Affiliated with this Home

  • Melissa Sullivan

    Seller's Agent in 2025

    Melissa Sullivan

    Happel, Inc., REALTORS

    (217) 242-3371

    381 Total Sales

    Melissa Sullivan
    Section Image
  • Brandi Griswold

    Buyer's Agent in 2025

    Brandi Griswold

    Happel, Inc., REALTORS

    (217) 242-3641

    202 Total Sales

    Brandi Griswold
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1038050

RMLS Alliance

APN: 23-7-1631-000-00

Illinois Adams County Quincy 62305

1131-1141 Kochs Ln, Quincy, IL

This home is located at 1131-1141 Kochs Ln, Quincy, IL 62305 and is currently priced at $410,000, approximately $86 per square foot. This property was built in 1999. 1131-1141 Kochs Ln is a home located in Adams County with nearby schools including Iles Elementary School, Quincy Junior High School, and Quincy Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for 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 not guaranteed.

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