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Leased Triplex with Remodeled Units
For Sale
$250,000
Pending

1635 VERMONT Street, Quincy, IL 62301

MULTI_FAMILY - Quincy, IL

Days on Market54

Property Features for 1635 VERMONT Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking 2
Parking features On Street
Fencing Fenced
Basement Unfinished, Crawl Space, Partial
Lot features Level
High school Quincy School District #172
Directions Vermont Street between 16th and 17th streets
Standard status Pending
APN 23-1-1297-000-00

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 11 NEVINS SURVEY W 80FT OF E 150FT S 1/2 LOT 11
Tax Annual Amount 2128
Legal Description LOT 11 NEVINS SURVEY W 80FT OF E 150FT S 1/2 LOT 11

Utilities

Heating system Natural Gas, Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Number of units 3
Building materials Vinyl Siding
Roof type Slate
Listing Agency: Happel, Inc., REALTORS
Listed By: Jan Smith
Added: Jun 7 Changed: Jul 24 Last Checked: Jul 30 at 4:06PM
MLS# CA1044314

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 leased triplex includes three units: one studio unit, one one-bedroom unit, and one two-bedroom unit. The one-bedroom unit has been recently remodeled. Exterior upgrades include roof and siding improvements, and one air conditioner was installed within the last two years.

The property is fully leased, with tenants paying all utilities. The listing reports total building income of $2,450 per month.

Located at 1635 VERMONT Street in Quincy, Illinois, this income-focused multi-family property is presented for sale, having returned to market through no fault of the seller.

Key Highlights

  • 3‑unit triplex: 1 studio unit, 1 1‑bedroom unit, and 1 2‑bedroom unit
  • Fully leased; new tenant moving into unit 1 for total building income of $2,450/month
  • Tenants pay all utilities

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Storage Facility Hair Salon Nail Salon Building Supply Spa & Massage Center

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

666
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Triplex with one studio, one one-bedroom, and one two-bedroom unit, with recent exterior and interior improvements.
Where is this triplex located?
The property is located at 1635 VERMONT Street Quincy, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3‑unit triplex: 1 studio unit, 1 1‑bedroom unit, and 1 2‑bedroom unit; Fully leased; new tenant moving into unit 1 for total building income of $2,450/month; Tenants pay all utilities
More about this property
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