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    135 E Washington St Rushville, IL 62681

    New
    For Sale
    $162,500

    Residential Income - Rushville, IL

    Property size:
    3,236 SF
    Days on Market:
    6
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 135 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    08-30-334-009
    Parking
    4
    Parking features
    On Street
    Exterior features
    Level
    Size
    3,236 SF

    Utilities

    Heating system
    Natural Gas

    Building Details

    Number of units
    4
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Happel Inc., REALTORS (217) 224-8383 [email protected]

    Listing agent Jacquelyn Weisenburger (217) 224-8383 License #475141177

    Listing date Dec 3, 2025

    MLS# CA1040404 Listing URL

    Copyright © 2025 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.

    Overview

    Rushville Fourplex with Expansion Potential

    This four-unit residential income property in Rushville, Illinois, presents a significant investment opportunity. The property features a brick and vinyl exterior, with major updates completed in 2024, including new siding, a new roof, and most windows replaced. The sewer line to the street has also been updated. Currently, two units are rented for $630 per month each. One unit is nearing completion, with drywall finished and new flooring materials included in the sale. The fourth unit is gutted and ready for rebuild, with HVAC on site and bathroom plumbing already updated. Unit #4 received a new HVAC system in 2025, which includes a 10-year warranty. A detached two-car garage with new windows is included, along with extra siding. The city has approved the construction of an additional four-unit structure along the alley where the main sewer line runs, offering substantial expansion potential. The property size is 3236 square feet. This property can also be purchased as part of a package deal with other investment properties offered by the seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rushville
    County
    Schuyler
    State
    Illinois
    Longitude
    -90.56075
    Latitude
    40.121811

    Nearby Similar for Sale

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    • New
      $117,500
      2,210 SF

      Updated Duplex in Rushville, IL

      Well-maintained, updated 2-unit property with income potential in Rushville.
      324 W Washington St, Rushville, IL 62681
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    • $1,098,350
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      NNN Retail Property For Sale

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    FAQs

    What type of property is this?
    Quadplex - Solid investment property with updates and expansion possibilities in Rushville.
    Where is this quadplex located?
    The property is located at 135 E Washington St Rushville, IL.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: - City-approved for an additional 4-unit structure, offering significant expansion potential.; - Solid 4-unit property with excellent income potential.; - Major updates completed in 2024: new siding, roof, and most windows.
    (217) 224-8383
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    Rushville, IL 62681
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135 E Washington St Rushville, IL 62681
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