523 COLLEGE Avenue
Unique investment opportunity with multiple properties included in one package! This purchase includes an empty lot at 523 College, along with a 2-unit duplex at 525-527 College, and an additional rehab-ready home at 519 College. The duplex currently has long-term tenants, generating steady income of $800/month, with each unit featuring a spacious, mirrored layout to centralize plumbing. Heating is provided by wall-mounted gas heaters with baseboard heaters as a backup. The property also benefits from an updated roof (year unknown) and a welcoming covered front porch. The home at 519 College is prepped for a full rehab, offering the ideal blank slate for investors looking to bring this property back to life. Included building materials, like era-appropriate kitchen cabinets, will convey with the sale. This all-inclusive package provides endless possibilities, from rental income to development potential on the additional lot. An incredible opportunity to add value and increase revenue in a well-situated location! 23-5-0715-000-00, 23-5-0717-000-00. Prop taxes are for all 3 combined. Lot size is for all 3 parcels.
View full listing detailsPrice: | $54,000 |
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Address: | 523 COLLEGE Avenue |
City: | Quincy |
State: | Illinois |
Subdivision: | None |
MLS: | CA1032813 |
Square Feet: | 2,013 |
Acres: | 0.2 |
Lot Square Feet: | 0.2 acres |
taxYear: | 2023 |
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leaseTerm: | Month To Month |
agentOwned: | no |
directions: | College between 5th & 6th. North side of the street. |
highSchool: | Quincy School District #172 |
lvtDateMLS: | 2024-10-31 |
tenantPays: | Gas & Electric |
grossIncome: | 800 |
repossessed: | no |
saleRentMLS: | For Sale |
100YearPlain: | No |
parcelNumber: | 23-5-0716-000-00 |
pricePerSqFt: | 26.83 |
structureType: | Other |
documentsCount: | 2 |
searchPriceMLS: | 54000 |
listOfficePhone: | 217-224-8383 |
managerOnSiteYN: | no |
roadSurfaceType: | Alley, Curbs & Gutters |
taxAnnualAmount: | 985 |
currentFinancing: | Cash Only, Conventional |
elementarySchool: | Rooney |
listingAgreement: | Exclusive Right To Sell |
taxExemptionsMLS: | None |
firstPhotoAddDate: | 2024-10-31T14:11:16.5 |
lotSizeDimensions: | 87x100 |
numberOfGasMeters: | 3 |
disclosedShortSale: | N |
documentsAvailable: | None Available |
netOperatingIncome: | -185 |
agentRelatedToOwner: | no |
confidentialListing: | MLS Listing |
numberofWaterMeters: | 2 |
taxLegalDescription: | LOT 1 BLK 20 KEYES SURVEY E 21FT OF W 47FT LOT 1 |
allowedUseCaseGroups: | IDX |
grossScheduledIncome: | 800 |
numberOfHeatingUnits: | 2 |
numberOfWaterHeaters: | 3 |
solicitingFromBuyers: | no |
addressSearchNumberMLS: | 523 |
numberOfElectricMeters: | 3 |
listingVisibilityTypeMLS: | MLS Listing |
operatingRecordingDevice: | None |
internetConsumerCommentYN: | yes |
agentIsDesignatedManagingBroker: | no |
internetAutomatedValuationDisplayYN: | no |
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed.
The RMLS data on this page was last updated on Wednesday, December 25th, 2024.
Listed by: Happel, Inc., REALTORS Office: 217-224-8383
Data services provided by IDX Broker