818-20 S 8th St Quincy, IL 62301

Price not disclosed
Get up to 1.25%¹ of your final sale price back as a credit toward your closing.
4 beds
4 full
0.1 acres
House

Property details

About 818-20 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. 'other' roof is Rolled 2 furnaces, 4 water heaters, both gas, Stove included, Refrigerator included

Highlights

Home typeResidential
StatusActive
Lot size0.15 Acres
Year built
MLS #12277252
Garage1 space

Summary

  • MLS Number: 12277252
  • MLS Name: MRED
  • Office Name: Swick Realty
  • Office Phone: (217) 653-9910
  • Listing Agent: Spencer Schelp

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818-20 S 8th St

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Price information

Property sales

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Tax history

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Nearby schools

6

Lincoln-Douglas Elementary School

Public District KG-5

2.2 mi

3211 Payson Rd

5

Denman Elementary School

Public District KG-5

3.1 mi

4100 Harrison St

6

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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $51,250. The majority of Quincy, IL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

40%
<35k
50%
35k-100k
10%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

51%
Single, No Kids
11%
Single, with Kids
24%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
16%
18-34 yrs old
48%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports
  • NASCARNASCAR

Where do the neighbors shop?

  • KmartKmart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Little CaesarsLittle Caesars
  • Cracker BarrelCracker Barrel

What do the neighbors drive?

  • BuickBuick
  • ChevroletChevrolet
  • RamRam

What do the neighbors listen to?

  • OldiesOldies
  • CountryCountry
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 818-20 S 8th St

This home is located at 818-20 S 8th St in Quincy, IL and zip code 62305. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 24, 2025.

Quincy, IL housing market in January 2025 saw over 4 listings sold above listed price, more than 5 sold at listed price and over 13 sold below. The inventory of homes for sale in Quincy, IL between December and January 2025 did not move. Listings spent 25 days on the market in January 2025, and had a median list price of $165,791 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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