Three-Unit Residential Income
For Sale
$123,500
1023-1025 OHIO Street, Quincy, IL 62301
MULTI_FAMILY - Quincy, IL
Lot Size0.17 Acres
Days on Market275
Property Features for 1023-1025 OHIO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4
Parking
3
Parking features
Alley
Interior features
High Speed Internet
Basement
Partial, Unfinished
Lot features
Level
Elementary school
Denman
High school
Quincy School District #172
Directions
North side of Ohio between 10th & 11th
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
Legal Description
LOT 17 BLK 73 WOODS SURVEY LOT 17
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
(217) 224-8383
Listed By:
Stephen Gramke · License #471019500
(217) 257-5011
Added: Oct 29, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:06PM
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 for-sale 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. Off-street parking is provided by the alley.
According to the current rent roll, Unit 1 is rented at $800 per month, while Units 2 and 3 are rented at $750 and $550 per month, respectively, for total monthly rent of $2,100. Water service is allocated by unit: the tenant pays water for Unit 1, and the landlord pays water for Units 2 and 3.
The property is offered as a single three-unit building and may appeal to buyers looking for an income-producing multi-family structure with a straightforward utility split and off-street parking arrangement.
According to the current rent roll, Unit 1 is rented at $800 per month, while Units 2 and 3 are rented at $750 and $550 per month, respectively, for total monthly rent of $2,100. Water service is allocated by unit: the tenant pays water for Unit 1, and the landlord pays water for Units 2 and 3.
The property is offered as a single three-unit building and may appeal to buyers looking for an income-producing multi-family structure with a straightforward utility split and off-street parking arrangement.
Key Highlights
- 3‑unit property with total monthly rent of $2,100
- Unit 1: 2 bed, 1 bath renting for $800 per month; tenant pays water
- Units 2 and 3: 1 bed, 1 bath renting for $750 and $550 per month; landlord pays water
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 62301, IL
31,481
Population
15,295
Households
2.1
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
11.2 sq mi
ZIP Area
2,811
Density / Sq Mi
$52,212
Median Household Income
$36,665
Median Earnings
$805
Median Rent
$124,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with off-street parking, with tenant water responsibility split between unit 1 and units 2-3.
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 $123,500.
What are key features of this property?
This property features: 3‑unit property with total monthly rent of $2,100; Unit 1: 2 bed, 1 bath renting for $800 per month; tenant pays water; Units 2 and 3: 1 bed, 1 bath renting for $750 and $550 per month; landlord pays water
