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Updated Four-Unit Quadplex with Expansion Approval
For Sale
$162,500

135 E WASHINGTON Street, Rushville, IL 62681

Residential Income, Rushville, IL

Property SizeContact for details
Days on Market305

Property Features for 135 E WASHINGTON Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
Parking 4
Parking features On Street
Basement Partial
Lot features Level
High school Schulyer-Industry Unit 5
Directions E on Washington to 135
Standard status Active
APN 08-30-334-009

Taxes and HOA fees

Tax Year 2025
Tax Description 291' N & S X 103' E & W LOT 5 WM MANLOVE'S ADDITION
Tax Annual Amount 3783
Legal Description 291' N & S X 103' E & W LOT 5 WM MANLOVE'S ADDITION

Utilities

Heating system Natural Gas
Water source Public

Building Details

Number of units 4
Building materials Brick
Roof type Shingle
Listing Agency: Happel, Inc., REALTORS
Listed By: Jacquelyn Weisenburger · License #475141177
Added: Nov 6, 2025 Changed: Sep 6 Last Checked: Sep 7 at 3:06PM
MLS# CA1040404

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 four-unit multifamily property in Rushville includes a brick-and-vinyl exterior, a shingle roof, natural-gas heating, and public water service. Exterior improvements completed in 2024 include new siding, the roof, and most windows. The sewer connection has also been renewed to the street.

One apartment is leased, three units have received new paint, flooring, and bathroom improvements, and another unit is configured for reconstruction with HVAC equipment and updated bathroom plumbing already in place. Unit 4 received a new HVAC system in 2025 with a 10-year warranty. The property also includes a detached two-car garage with new windows and additional siding. Municipal approval is in place for construction of another four-unit building along the alley, with the main sewer line running there.

Key Highlights

  • Four‑unit multifamily property at 135 E WASHINGTON Street, Rushville, IL 62681
  • New siding, roof, and most windows completed in 2024
  • Three units updated with fresh paint, new flooring, and new bathroom improvements

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Nail Salon Grocery & Convenience Store Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
25%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

411
Businesses Nearby

Demographics for 62681, IL

5,284
Population
2,505
Households
2.1
Avg Household Size
47
Median Age
19%
College-Educated
92%
High-School Grad
177.0 sq mi
ZIP Area
30
Density / Sq Mi
$66,809
Median Household Income
$41,938
Median Earnings
$823
Median Rent
$106,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick-and-vinyl multifamily property with refreshed interiors, recent exterior work, and additional development approval.
Where is this quadplex located?
The property is located at 135 E WASHINGTON Street 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: Four‑unit multifamily property at 135 E WASHINGTON Street, Rushville, IL 62681; New siding, roof, and most windows completed in 2024; Three units updated with fresh paint, new flooring, and new bathroom improvements
More about this property
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