One-Level Residential Income
For Sale
$185,000
1306 Winsor Drive, Quincy, IL 62305
Single-level condo with an attached garage, vaulted ceilings, and adaptable bonus space.
Property Size1,224 SF
Price / SF$151.14
Days on Market47
Property Features for 1306 Winsor Drive
General Information
Standard status
Active
Size
1,224 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
HOA Fee
$125
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,658
Building Details
Year Built
2007
Listing Agency:
Happel, Inc., REALTORS
Listed By:
Kevin Carder (kcarder.realtor@gmail.com)
Source:
Curveyrealestate
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 23 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Happel, Inc., REALTORS
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Investment Insights
Based on property information with market context.
Located at 1306 Winsor Drive in Quincy, Illinois, this 1,224-square-foot residential income property was built in 2007 and offers single-level condominium living without stairs. The layout includes one bedroom, one and a half baths, vaulted ceilings, and a primary suite with a walk-in closet and full bath. The bathroom includes a zero-entry shower, while wide doorways support easy movement throughout the home.
The kitchen features an island, vinyl plank flooring, and appliances that convey with the property. A bonus room adds flexible interior space for an office, hobby area, or living room and includes an attached half bath. The room was previously used as a bedroom but does not have an egress window. A one-car attached garage and a low-maintenance exterior add practical convenience. The association fee covers lawn care and snow removal.
The kitchen features an island, vinyl plank flooring, and appliances that convey with the property. A bonus room adds flexible interior space for an office, hobby area, or living room and includes an attached half bath. The room was previously used as a bedroom but does not have an egress window. A one-car attached garage and a low-maintenance exterior add practical convenience. The association fee covers lawn care and snow removal.
Key Highlights
- 1,224‑square‑foot condo built in 2007
- One bedroom and 1½ baths
- True one‑level layout with no stairs and wide doorways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,682
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,640
$133.6K
Cap Rate 7%
$95,457
$95.5K
Cap Rate 9%
$74,244
$74.2K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$12.9K $10.56/SF
− Vacancy
−$776 −$0.63/SF
EGI
$12.1K $9.93/SF
− OpEx
−$5.5K −$4.47/SF
NOI
$6.7K $5.46/SF
Area
Adams County, IL
Vacancy
6.00%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$133,640
Cap Rate 7%
$95,457
Cap Rate 9%
$74,244
Alternative Uses
Best Use
Apartment 5plus
$95.5K
$83.5K – $111.4K
NOI $6,682 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$244.5K
$214.0K – $285.3K
NOI $17,116 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 62305, IL
19,042
Population
8,344
Households
2.3
Avg Household Size
45
Median Age
35%
College-Educated
97%
High-School Grad
139.2 sq mi
ZIP Area
137
Density / Sq Mi
$80,918
Median Household Income
$44,072
Median Earnings
$887
Median Rent
$203,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level condo with an attached garage, vaulted ceilings, and adaptable bonus space.
Where is this residential income property located?
The property is located at 1306 Winsor Drive Quincy, IL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,224‑square‑foot condo built in 2007; One bedroom and 1½ baths; True one‑level layout with no stairs and wide doorways
