Income-generating duplex with an additional lot included! This 2-unit property at 525-527 College has long-term tenants in place, with Unit 525 occupied for 4+ years and Unit 527 for over 12 years. Each spacious unit offers a well-maintained layout, with mirror-flipped designs to centralize plumbing along the shared wall. Heating is provided by wall-mounted gas heaters, with baseboard heaters as a backup. While most updates are cosmetic in nature, the property benefits from an updated roof (year unknown) and a welcoming covered front porch for outdoor enjoyment. The additional lot at 523 College offers exciting potential for future development or added value. An excellent investment with steady rental income of $800/month, appealing to both seasoned and new investors! 523 College is an empty lot 23-5-0716-000-00, taxes are approx $60 year. (This offering can be purchased in a package deal to include 519 College - a neighboring lot)
Under contract
Price cut: $5.5K (3/31)
$27,000
525 College Ave #527, Quincy, IL 62301
4beds
2baths
1,109sqft
Est.:
Multi Family, Duplex
Built in ----
-- sqft lot
$-- Zestimate®
$24/sqft
$-- HOA
What's special
Updated roofMirror-flipped designsWell-maintained layoutWelcoming covered front porchWall-mounted gas heatersBaseboard heaters
- 177 days
- on Zillow |
- 240 |
- 12 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 18, 2025 at 01:01pm
Listed by:
Jacquelyn Weisenburger Office:217-224-8383,
Happel, Inc., REALTORS
Source: RMLS Alliance,MLS#: CA1032812
Originating MLS: Capital Area Association of Realtors


Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard
Appliances
- Included: Water Heater
- Laundry: Units Hook-Ups
Features
- Basement: Cellar
Interior area
- Total structure area: 1,109
- Total interior livable area: 1,109 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 3,920.4 Square Feet
- Dimensions: 40 x 100
- Features: Level
Details
- Parcel number: 235071700000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Stucco, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Quincy
Financial & listing details
- Price per square foot: $24/sqft
- Tax assessed value: $25,080
- Annual tax amount: $554
- Date on market: 10/31/2024
- Lease term: Month To Month
- Tenant pays: All Utilities
- Loading