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Side-by-Side Duplex

1506-1508 MADISON Street, Quincy, IL 62301

For Sale
New
$95,000

Residential Income, Quincy, IL

Property SizeContact for details
Days on Market4

Property Features for 1506-1508 MADISON Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3
Parking 1
Parking features On Street
Basement Full, Unfinished
High school Quincy School District #172
Directions Second property East from the corner of 15th and Madison
Standard status Active
APN 23-4-0034-000-00

Additional Details

Tenant in Place Yes
Individually Metered Utilities water, gas, electricity

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 4 BLK 1 KEHLENBRINK SURVEY N 128FT OF W 3FT LOT 2 & N 128 FT LOT 3 & N 128FT OF E 3FT LOT 4
Tax Annual Amount 1567
Legal Description LOT 4 BLK 1 KEHLENBRINK SURVEY N 128FT OF W 3FT LOT 2 & N 128 FT LOT 3 & N 128FT OF E 3FT LOT 4

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Building Details

Number of units 2
Building materials Aluminum Siding, Vinyl Siding
Roof type Shingle
Buildings 1
Listing Agency: Happel, Inc., REALTORS
Listed By: Kevin Carder
Added: Nov 11 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# CA1047738

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.

Rey
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Investment Insights

Based on property information with market context.

This side-by-side duplex comprises two residences, each with separate water, gas, and electric utilities. Both units have gas furnaces installed in 2013 and are currently served by window air-conditioning units. A full roof replacement was completed in December 2025, including tear-off and new roof sheathing. The building has aluminum and vinyl siding, a shingle roof, and public water service.

The property is offered in as-is condition, with inspections welcome. On-street parking is available.

Key Highlights

  • Two side‑by‑side units with separate water, gas, and electric utilities
  • Gas furnaces in both units were installed in 2013
  • Full roof replacement in December 2025, including tear‑off and new sheathing

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

341
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has its own water, gas, and electric service, with gas-fired furnaces in both units.
Where is this duplex located?
The property is located at 1506-1508 MADISON Street Quincy, IL.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two side‑by‑side units with separate water, gas, and electric utilities; Gas furnaces in both units were installed in 2013; Full roof replacement in December 2025, including tear‑off and new sheathing
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