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Three-Unit Residential Income Property

1023-1025 OHIO Street Quincy, IL 62301

1023-1025 OHIO Street, Quincy, IL, 62301
$124,000
For Sale
$124,000

MULTI_FAMILY - Quincy, IL

Lot Size0.17 Acres
Days on Market267

Property Features for 1023-1025 OHIO Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1
Parking
3
Parking features
Alley
Interior features
High Speed Internet
Basement
Partial, Unfinished
Standard status
Active
APN
23-2-0537-000-00
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOT 17 BLK 73 WOODS SURVEY LOT 17
Tax Annual Amount
2176

Utilities

Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public

Building Details

Number of units
3
Building materials
Brick, Vinyl Siding
Roof type
Metal, Shingle
Listing agency Happel, Inc., REALTORS
Listed by Stephen Gramke · License #471019500
Added: Oct 29, 2025 Updated: Jul 22 at 4:03PM Checked: Jul 22 at 8:06PM
MLS# CA1040205

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-unit residential income property includes Unit 1 as a 2-bedroom, 1-bath home and Units 2 and 3 as 1-bedroom, 1-bath apartments. The current total monthly rent is $2,100. Unit 1 is rented at $800 per month, while Units 2 and 3 are rented at $750 and $550 per month, respectively.

The property provides off-street parking by the alley. Utility responsibility is split: the tenant pays water for Unit 1, and the landlord pays water for Units 2 and 3.

Located at 1023-1025 OHIO Street in Quincy, Illinois, this is a straightforward multi-family setup designed for investors seeking an income-producing, multi-unit configuration.

Key Highlights

  • Money‑making 3‑unit property with $2,100 total monthly rent reported
  • Unit 1 is a 2 bed/1 bath renting for $800/month; tenants pay water for unit 1
  • Units 2 and 3 are 1 bed/1 bath units renting for $750/month and $550/month; landlord pays water for units 2 and 3

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

HVAC Service Storage Facility Hair Salon Nail Salon Building Supply Spa & Massage Center Restaurant Big Box & Wholesale Store Hotel & Motel Arcade & Gaming Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit property with off-street parking and individually metered water responsibilities split between tenant and landlord.
Where is this triplex located?
The property is located at 1023-1025 OHIO Street Quincy, IL.
What is the asking price?
The asking price for this property is $124,000.
What are key features of this property?
This property features: Money‑making 3‑unit property with $2,100 total monthly rent reported; Unit 1 is a 2 bed/1 bath renting for $800/month; tenants pay water for unit 1; Units 2 and 3 are 1 bed/1 bath units renting for $750/month and $550/month; landlord pays water for units 2 and 3
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