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818 20 S 8th St

Quincy, IL 62301

4 beds
– baths
– sqft
6,534 sqft lot
– on site

Excellent investment opportunity with this updated 4-unit property on S. 8th Street. This multi-family building offers a unique chance for an owner-occupant to live in one unit while generating rental income from the others, making it an ideal entry into real estate investing. Key features: * Potential Gross monthly rent of $2,050 ($24,600 / year) * 4 units, each with 1 bedroom and 1 bath * 3 units recently updated with modern plank flooring and fresh paint * 1 unit occupied by a long-term tenant * Garage (currently unrented) and off-street parking * Recent exterior improvements: tuckpointing and new paint * Separate electric & gas meters * 2 x month to month leases Perfect for first-time investors: * One vacant unit available for immediate owner occupancy * Option to lease vacancy to a non profit for $600 / month on 12 month lease * Collect rent from other tenants to offset mortgage costs * Gain valuable landlord experience while building equity * Excellent starting point for a rental property portfolio Additional benefits: * Down Payment Assistance available for eligible buyers * Potential for increased rental income by leasing the garage and signing new leases for at-will tenants. Great building for new or experienced investors. 'other' roof is Rolled 2 furnaces, 4 water heaters, both gas, Separate Electric Meters, Separate Gas Meters, HiSpd Intrnt Fiber Avail

Listing courtesy of MRED / Swick Realty as distributed by MLS GRID

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# 12277252 —

The Building

New Construction:

false
Basement:

Partial
Other Equipment:

Water Heater-Gas

Interior

Rooms Total:

4

Location

Directions:

8th st between Washington & Jefferson on west side.
Location:

104415

The Property

Parcel Number:

23-2-1061-000-00
Property Type:

Residential Income
Lot Size Dimensions:

60.5 X 112.5
Lot Size Acres:

0.15
Zoning:

COMMR

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

1688

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Full Baths:

4

Heating & Cooling

Heating:

Forced Air

Utilities

Water Source:

Public

Schools

Elementary School:

Lincoln-Douglas
High School:

Quincy

Parking

Parking Total:

1
Parking Features:

Off Alley
Garage Type:

Detached
Garage Spaces:

1

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Max Internet Speed

Xfinity

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Sale history

Date	Event	Source	Price	% Change
2/21/25 Feb 21, 2025	Listed / Active	MRED	$175,000

Multifamily For Sale

$175,000

Listing provided by broker:

Spencer Schelp

Swick Realty

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This multifamily located in Quincy, IL 62301 is currently for sale for $175,000. 818 20 S 8th St is a – square foot multifamily with 4 beds and – baths that has been on Estately for 16 days. This multifamily is in the attendance area of Thomas S Baldwin Elementary School, Quincy Junior High School, and Quincy Senior High School.

Listing courtesy of MRED, Swick Realty, and Spencer Schelp as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Feb 21, 2025, 07:30 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.