201 8Th StQuincy, IL 62301

Property Details for 201 8Th St

Property type

Commercial land

APN

231078503500

APU

231078503500

Description

This exceptional 34-unit Class A apartment building, completed in 2024, presents a compelling investment opportunity. Located at 201 S 8th St, Quincy, IL, this property boasts 62,459 square feet across three, two-story buildings on a 2-acre lot (APN: 23-7-0294-000-00). Each of the 34 townhomes offers 1,864 square feet of living space, including two bedrooms (one master suite), two and a half bathrooms, a dedicated laundry room, a home office, and an open living/dining area. Residents enjoy premium amenities such as a 24-hour private security service, a private courtyard, and an exclusive fitness center. Each unit includes a one-car garage and an additional driveway parking space. The property's strong financial performance is reflected in its $9,999,999 asking price ($160.11/sq ft, $294,117.62/unit), and a pro-forma NOI of $573,187. The property is zoned D2 and is situated in Quincy's Historic Brewery District. This development received a $926,850 investment from the local government. This turnkey investment offers a blend of historical charm and modern luxury in a high-demand location. The property is owned by an LLC.

Location Insight

City

Quincy

County

Adams

State

Illinois

CBSA code

39500

CBSA name

QUINCY, IL-MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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