Fully occupied 8-unit multifamily investment property built in 2013 with current gross rental income of $7,100/month ($85,200 annually). Seven units rent for $900, and one for $800. All Units feature open floor plans, 2 bedrooms and 1 bath, as well as in-unit washer/dryer hookups. Tenants pay all utilities except garbage. Numerous updates have been completed throughout the units, including flooring, appliances, and bathroom improvements. Each unit has its own furnace, central cooling, and electric water heater. Property includes sprinkler systems, one private off-street parking space per unit, plus additional off-street parking. An established income-producing property with strong amenities and tenant appeal. Interior photos submitted by seller.
For sale
$700,000
400 S 7th St, Quincy, IL 62301
8beds
3baths
8,448sqft
Multi Family, Apartment
Built in 2013
-- sqft lot
$661,400 Zestimate®
$83/sqft
$-- HOA
What's special
Open floor plansCentral coolingElectric water heaterAdditional off-street parkingSprinkler systems
- 4 days
- 220
- 11
Zillow last checked:
Listing updated:
Listed by:
Bobette L Cawthon Phone:217-224-8100,
Davis & Associates, REALTORS
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1047030
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dishwasher, Range, Refrigerator, Water Heater
- Laundry: Units Hook-Ups
Features
- High Speed Internet
- Basement: None
Interior area
- Total structure area: 8,448
- Total interior livable area: 8,448 sqft
Property
Parking
- Total spaces: 8
- Parking features: On Street, Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 10,018 Square Feet
- Dimensions: 99 x 100
- Features: Level
Details
- Parcel number: 232033900000
- Zoning description: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2013
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Quincy
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $668,400
- Annual tax amount: $15,597
- Date on market: 10/8/2026
- Cumulative days on market: 6 days
- Lease term: Variable
- Tenant pays: Water
- Road surface type: Paved
Estimated market value
$661,400
$628,000 - $694,000
$1,104/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for sale | $700,000+23.4%$83/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #CA1047030 Report a problem | ||
| 9/30/2020 | Sold | $567,350-12.6%$67/sqft |
Source:  MRED as distributed by MLS GRID #12245938 Report a problem | ||
| 2/25/2020 | Listed for sale | $649,000+6390%$77/sqft |
Source: Happel Inc., Realtors� #199074 Report a problem | ||
| 10/26/2012 | Sold | $10,000$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $15,129 +487.5% | $222,800 +7.8% |
| 2023 | $2,575 +9.8% | $206,700 +7.1% |
| 2022 | $2,346 +17.7% | $193,000 +2.1% |
| 2021 | $1,992 +168% | $189,120 +15.7% |
| 2020 | $743 +1.7% | $163,430 +1.1% |
| 2019 | $731 +1.3% | $161,670 +2% |
| 2018 | $721 +13.7% | $158,520 +1% |
| 2017 | $634 -15.2% | $156,950 +4.2% |
| 2016 | $748 -100% | $150,560 |
| 2015 | $32,844,000 +21432945% | $150,560 +6712.7% |
| 2012 | $153 | $2,210 |
| 2011 | $153 +8.5% | $2,210 +6.8% |
| 2009 | $141 +4.4% | $2,070 |
| 2008 | $135 +1.7% | $2,070 +5.1% |
| 2007 | $133 | $1,970 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 62301
Nearby schools
Schools provided by the listing agent
- Middle: Quincy JR High
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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