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Four-Unit Quadplex with Courtyard
For Sale
$155,000

427 East Drive, Marissa, IL 62257

MULTI_FAMILY - Marissa, IL

Property SizeContact for details
Days on Market92

Property Features for 427 East Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Dining Room, Bedroom 2, Bathroom 1
Parking features Parking Lot, Assigned
Window features Screens, Double Pane Windows
Interior features Kitchen/Dining Room Combo, Shower, Tub
Exterior features Awning(s), Courtyard
Appliances Range, Refrigerator
Lot features Open Lot
Elementary school MARISSA DIST 40
Middle school MARISSA DIST 40
High school Marissa
Elementary school district Marissa DIST 40
Middle school district Marissa DIST 40
High school district Marissa DIST 40
Standard status Active
APN 21-27.0-202-009

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2312

Utilities

Utilities Cable Available
Heating system Baseboard
Cooling system Window Unit(s), Wall Unit(s), Wall/Window Unit(s)
Water source Public

Building Details

Year built 1970
Flooring type Carpet, Laminate
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Coldwell Banker Brown Realtors · Coldwell Banker Real Estate
Listed By: Annette Wendler · License #471020402
Added: May 21 Changed: Aug 2 Last Checked: Aug 20 at 11:06PM
MLS# 25056756

Copyright © 2026 Mid America Regional Information Systems, Inc. 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 four-unit quadplex offers four two-bedroom, one-bath units suitable for investment use or personal occupancy. Interior features include kitchen/dining room combo layouts, with a mix of carpet and laminate flooring. Heating is provided by baseboard systems, and cooling is handled through window and wall (or wall/window) unit(s). Appliances include a range and refrigerator.

The exterior includes vinyl siding, shingle roofing, awning(s), and a courtyard. Parking is available with a parking lot and assigned spaces.

Built in 1970, the property is served by public water and has cable available. Additional utilities and room features referenced include bedroom 1, bedroom 2, dining room, and bathroom 1.

Key Highlights

  • Four two‑bedroom, one‑bath units
  • Courtyard and awning(s) exterior features
  • Vinyl siding with shingle roof

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Building Supply Spa & Massage Center Nail Salon

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

120
Businesses Nearby

Demographics for 62257, IL

2,753
Population
1,092
Households
2.5
Avg Household Size
44
Median Age
15%
College-Educated
96%
High-School Grad
80.4 sq mi
ZIP Area
34
Density / Sq Mi
$66,848
Median Household Income
$36,050
Median Earnings
$621
Median Rent
$119,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four two-bedroom, one-bath units with courtyard exterior features, vinyl siding, and assigned parking.
Where is this quadplex located?
The property is located at 427 East Drive Marissa, IL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units; Courtyard and awning(s) exterior features; Vinyl siding with shingle roof
More about this property
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