Fully occupied 8-unit multifamily investment property built in 2013 with current gross rental income of $7,100/month ($85,200 annually). Seven units rent for $900, and one for $800. All Units feature open floor plans, 2 bedrooms and 1 bath, as well as in-unit washer/dryer hookups. Tenants pay all utilities except garbage. Numerous updates have been completed throughout the units, including flooring, appliances, and bathroom improvements. Each unit has its own furnace, central cooling, and electric water heater. Property includes sprinkler systems, one private off-street parking space per unit, plus additional off-street parking. An established income-producing property with strong amenities and tenant appeal. Interior photos submitted by seller.
Multi-familyProperty Type
2013Year Built
10,018 sq ftLot Size
$83Price/Sq.Ft.
8 spacesParking
Listed by Bobette Cawthon• Davis & Associates, REALTORS
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Zoning
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Vacant Land
County
Adams County
APN
23-2-0340-000-00
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Last updated by owner on Jun 8, 2023.
D2
Downtown General Business District
The D2 Downtown General Business District is a district intended to accommodate a wide variety of traditional downtown commercial uses, including retail, office, institutional and service uses.
Permitted uses
Include but are not limited to:
Religious facility
Bank
Day care facility
General retail
Restaurant
Tavern / bar / nightclub / micro-Brewery
Infrastructure
Hotel / motel
Office
Theater / performing arts facility
Historical weather
Quincy, IL • 62301
Average low and high temperatures (°F)
34
19
45
26
63
40
70
50
75
56
84
67
88
72
85
67
83
61
73
52
54
39
42
27
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Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
In this area, properties receive around 9.8 hours in
June and 4.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9.8 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 400 S 7th St
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