818-820 S 8th St Quincy, IL 62301
Property details
About 818-820 S 8th St
Excellent investment opportunity with this updated 4-unit property on S. 8th Street. This multi-family building offers a unique chance for an owner-occupant to live in one unit while generating rental income from the others, making it an ideal entry into real estate investing. Key features: * Potential Gross monthly rent of $2,050 ($24,600 / year) * 4 units, each with 1 bedroom and 1 bath * 3 units recently updated with modern plank flooring and fresh paint * 1 unit occupied by a long-term tenant * Garage (currently unrented) and off-street parking * Recent exterior improvements: tuckpointing and new paint * Separate electric & gas meters * 2 x month to month leases Perfect for first-time investors: * One vacant unit available for immediate owner occupancy * Option to lease vacancy to a non profit for $600 / month on 12 month lease * Collect rent from other tenants to offset mortgage costs * Gain valuable landlord experience while building equity * Excellent starting point for a rental property portfolio Additional benefits: * Down Payment Assistance available for eligible buyers * Potential for increased rental income by leasing the garage and signing new leases for at-will tenants. Great building for new or experienced investors.
Highlights
Summary
- MLS Number: QC4259981
- MLS Name: RMLSA
- Office Name: Swick Realty
- Listing Agent: Spencer Schelp
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. 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. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$175,000
818-820 S 8th St
$2,078
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 06, 2023 | Home Sold | $135,000 |
| Jul 16, 2018 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $25,510 | $1,596 |
| 2022 | $23,820 | $1,608 |
| 2021 | $23,340 | $1,608 |
| 2020 | $22,890 | $1,578 |
History based on county public records data.
Nearby schools
5
Lincoln-Douglas Elementary School
Public District KG-5
2.2 mi
•3211 Payson Rd
4
Denman Elementary School
Public District KG-5
3.1 mi
•4100 Harrison St
5
Thomas S Baldwin Elementary School
Public District KG-5
3.2 mi
•3000 Maine St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,250. The most common annual income of people living in Quincy, IL is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country- Classic Country
This home is located at 818-820 S 8th St in Quincy, IL and zip code 62305. Features: 0 bathroom. It has been listed on Rocket Homes since January 24, 2025 and is currently priced at $175,000.
Quincy, IL housing market in February 2025 saw over 8 listings sold above listed price, more than 13 sold at listed price and over 19 sold below. The number of homes for sale in Quincy, IL increased by 3.8% between January and February 2025. While the average time on the market in February 2025 was 41 days, the median list price was $168,026.