1136 N 8th Street, Quincy, IL 62301

Property Description

Excellent investment opportunity featuring a three-unit property with significant recent improvements and strong income potential. The fully furnished renovated main unit (Unit A) offers three bedrooms and 2 full bathrooms and is the largest of the 3 units. Main floor laundry is located just off of the open kitchen. This would make a great unit to live in and let the other 2 units pay your mortgage, or would make a great Airbnb. The 2nd floor unit (Unit B) is ready for renovation, offering an opportunity to increase future rental income and value. It is a 1 bed, 1 bath unit. The full bathroom was recently finished. All current materials in this unit will convey. The 3rd unit (Unit C), is a fully furnished 1 bedroom, 1 bath unit and is currently rented on a month to month basis for $950.00/mo. All units have their own gas and electric meters, but do share a water meter. Extensive updates have been completed throughout the property since 2022 including upgraded electrical and plumbing, lighting and ceiling fans, and kitchen renovation featuring new decking, tile flooring, island, dishwasher, disposal, & updated countertops. Additional interior improvements include tile flooring, new carpeting in bedrooms and living areas, and a tiled foyer. Major mechanical and exterior updates provide added peace of mind. The property features three furnaces, water heater (2024), A/C condenser for the main level (2024), roof with complete tear off (2024) & some tuckpointing & painting.