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    400 S 16Th St Quincy, IL 62301

    For Sale
    $189,000

    Residential Income - Quincy, IL

    Property size:
    2,659 SF
    Lot size:
    0.14 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 400 S 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R2
    APN
    23-1-1880-000-00
    Parking features
    On Street
    Exterior features
    Corner Lot, Level
    Size
    2,659 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Forced Air, Natural Gas, Other (Heating)
    Cooling system
    Central Air, Zoned

    Building Details

    Year built
    1871
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent Stephen Gramke (217) 224-8383 License #471019500

    Listing date Oct 31, 2025

    MLS# CA1040206 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

    Quincy Income Property Opportunity

    This residential income property in Quincy, Illinois, presents an opportunity for either owner-occupancy or investment. The property features two units. The main floor unit includes 2 bedrooms, 2 full baths, and in-unit laundry. It is currently vacant and has a potential rental income of $950 or more. The upper unit has 2 bedrooms and 1 bath, and is currently rented for $800 per month. The property has separate electric and gas meters. There is one water meter, and the tenants reimburse the landlord for the cost. The property size is 2659 square feet and the lot size is 0.14 acres. The zoning is R2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Quincy
    County
    Adams
    State
    Illinois
    Longitude
    -91.390662
    Latitude
    39.927685

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    FAQs

    What type of property is this?
    Duplex - Residential income property with two units in Quincy, Illinois.
    Where is this duplex located?
    The property is located at 400 S 16Th St Quincy, IL.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - House hack opportunity: Live in the main floor unit and rent out the upper unit to cover mortgage payments.; - Income potential: Main floor unit can be rented for $950+ and the upper unit is currently rented for $800 per month.; - Two separate units: Main floor (2 bed, 2 bath, in-unit laundry) and upper unit (2 bed, 1 bath).
    (217) 224-8383
    Request Owner's contact information
    400 S 16Th St Quincy, IL 62301
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    Quincy, IL 62301
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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
    400 S 16Th St Quincy, IL 62301
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