920 7Th St Quincy, IL 62301
This exceptional 0.39-acre lot, located at 920 N 7th St, Quincy, IL 62301, in Adams County, presents a fantastic opportunity for residential or multi-family development. The property is zoned for multi-family use, offering significant potential for investors or builders. The lot includes a substantial pre-existing asset: a large 26x32 foot unfinished storage garage. This garage boasts a vinyl-sided exterior, asphalt shingle roof, concrete slab foundation, 12-foot side walls, two 10-foot overhead doors, one pedestrian door, a storage loft, and a large metal storage rack. While the garage currently lacks utility services, connections are readily available. This versatile property is ideal for constructing new residential units or expanding existing ones, making it a highly attractive investment in a desirable location. The asking price for this 100% ownership opportunity is $25,000. Don't miss this chance to acquire a prime piece of land in Quincy, Illinois.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.