$122,500
SOLD DEC 29, 2017

601 Locust St Quincy, IL 62301

10 Beds
8 Baths
4,550 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

23% Below List Price

37 Days on Market

About This Home

As of November 2018

New multi unit listing, as part of an trust is an investors dream. With an annual income of $40.000 it has great potential. All units are currently rented. Off the corner of 6th and Locust, these 8 units, plus a storage unit as well. Apt. 1 - $485 mo, Apt. 2 - $475 mo., Apt. 3 - $450 mo., Apt. 4 - $525 mo, Apt. 5 - $385 mo., Apt. 6 - $475 mo.,Apt. 7 - $375 mo., Apt. 8 - $375 mo. Laundry facility 2 dryers and 1 washer brings in $75-100 month.

Last Agent to Sell the Property

Michael Norris

Happel Inc., REALTORS Listed on: 10/23/2017

Last Buyer's Agent

Spencer Schelp

Swick Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $725

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50.25x198

Parking

  • Private Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,550 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Schools

  • Washington Elementary School
  • Quincy High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Natural Gas Water Heater

Community Details

  • 8 Units

Listing and Financial Details

  • Rent includes trash & water.
  • Assessor Parcel Number 23-7-0906-000-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$725

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Grid Number: 17
  • Lvt Date: 10/26/2017
  • Style: 2 Story
  • Type: Multi-Family
  • Second Address Number: 601-605
  • Directions: Northeast corner of 6th & Locust.
  • Geo Longitude: -91.40648
  • Geo Match Code: 1
  • Geo Quality: 0.95
  • Geo Zoom Level: 16
  • OFFICELIST_STATE: IL
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Features Interior: Ceiling Fan(s), Main Floor Laundry, Separate Electric Meters, Separate Gas Meters, Smoke Alarm(s), Stove Hook Up, Washer/Dryer Hook Up
  • Levels: 2
  • Main Bedrooms: 8
  • Total Bedrooms: 10
  • Main Level Full Bathrooms: 7
  • Total Full Bathrooms: 8
  • Basement: Slab
  • Estimated Sq Ft: 4550

Exterior Features

  • Exterior: Brick, Vinyl
  • Features Exterior: Alley Access, Private Parking
  • Roof: Asphalt/Fiberglass

Utilities

  • Cooling: Central, Window
  • Heat: Forced Air Gas
  • Sewer: City
  • Utility Supplier: Ameren Electric, Ameren Gas
  • Water: City
  • Water Heater: Natural Gas

Schools

  • Elementary School: (Former) Washington
  • High School: Quincy
  • Elementary School: (Former) Washington
  • High School: Quincy

Lot Info

  • Estimated Lot Size: 0.23
  • Lot Size M L: 50.25x198
  • Parcel Number: 23-7-0906-000-00
  • Zoning: Multi-Family
  • Geo Update Timestamp: 2017-12-29

Rental Info

  • Rent Includes: Trash & Water.

Tax Info

  • Taxes: 725
  • Tax Year: 2015

Multi Family

  • Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Nov 29, 2018
Sold by
217 Holdings Llc
Bought by
345 Holdings Llc
Seller's Agent
Spencer Schelp
Swick Realty
Buyer's Agent
Non Member
Non-Member
List Price
$159,500
Sold Price
$150,000
Premium/Discount to List
-$9,500
-5.96%
Current Estimated Value
$185,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,320
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 $150,000 Adams County Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $125,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $150,000 -6.0% $33 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $159,500 +30.2% $35 / Sq Ft
12/29/2017 12/29/17 Sold $122,500 -23.4% $27 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $160,000 -- $35 / Sq Ft
Source: Quincy Association of REALTORS®

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 $3,956 $60,670 $5,750 $54,920
2023 $1,256 $56,280 $5,330 $50,950
2022 $1,256 $52,550 $4,980 $47,570
2021 $1,265 $51,490 $4,880 $46,610
2020 $1,241 $50,480 $4,780 $45,700
2019 $1,218 $49,940 $4,730 $45,210
2018 $646 $40,840 $4,640 $36,200
2017 $754 $54,300 $4,590 $49,710
2016 $740 $52,080 $4,400 $47,680
2015 $7,103,200 $52,080 $4,400 $47,680
2012 $1,272 $10,260 $4,260 $6,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Quincy Association of REALTORS®

MLS Number: 195746

Quincy Association of REALTORS®

APN: 23-7-0906-000-00