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$240,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Total Beds
See This Home
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See This Home
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Investor's Dream! Cash Flow of $3,000+ Rent! 5-Unit Complex with Expansion Potential in the attic for a 6th unit. Current tenants generate excellent rental income and fully occupied. Prime Location & Convenience for tenants with city bus and grocery store just around the corner. Extensive Updates: Major systems have been addressed over the last 10 years, including: Newer furnaces (3 units have Central A/C) Metal Roof resealed aprox 8 years ago. Separate Utilities (except Owner currently pays utilities for two units (727 1/2 and 1030). Washer/Dryer hookups in 2 units. Start Building Your Portfolio Today! Don't miss this chance to acquire a solid, income-producing asset with significant upside., Separate Electric Meters, Separate Gas Meters, Washer/Dryer Hook Up, HiSpd Intrnt Fiber Avail

Full Property Details for 727-729 Monroe

General

  • Sold For: $240,000
  • Taxes: $2,048 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12396761
  • Added to Site: 212 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Equipment: Ceiling Fan(s), Water Heater-Gas

Location

  • Area: Quincy
  • County: Adams
  • Driving Directions: South 8th past Jefferson to Monroe NW corner

School Information

  • Elementary School: Lincoln-Douglas
  • High School: Quincy
  • Private School: Quincy

Heating & Cooling

  • Heating Type: Forced Air

Utilities

  • Water: Public

Structural Information

  • Construction: Stone, Vinyl Siding
  • Exterior Const.: Stone, Vinyl Siding
  • Basement Desc.: Unfinished, Full
  • Roof: Metal

Unit Information

  • Units in Building: 5

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Dimensions: 40 x 94
  • Fence: Yes
  • Zoning: COMMR
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $2,048
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 23-3-1756-000-00

Listed by Bower & Associates, Inc., REALTORS
Sold by Non-Member

Listing agent

— 727-729 Monroe —

  • Bower & Associates, Inc., REALTORS

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 727-729 Monroe

School District:Quincy School District 172
NameGradesDistance
Monroe Elementary School, Quincy, IL
3211 Payson Road, Quincy, IL 62305
K-52.6 mi
Quincy Jr High School
100 South 14th Street, Quincy, IL 62301
6-81 mi
Quincy Sr High School
3322 Maine Street, Quincy, IL 62301
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 727-729 Monroe

Date
Details
Price
Change
Source
12/30/2025
Sold
$240,000
-7.34%
MLS
10/22/2025
Price Reduced
$259,000
-3.72%
MLS
9/08/2025
Price Reduced
$269,000
-6.92%
MLS
8/06/2025
Price Reduced
$289,000
-3.34%
MLS
6/17/2025
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Bower & Associates, Inc., REALTORS
Sold by Non-Member

727-729 Monroe, Quincy, IL 62301 (MLS# 12396761) is a Multi-Family property that was sold at $240,000 on December 30, 2025. Want to learn more about 727-729 Monroe? Do you have questions about finding other Multi-Family real estate for sale in Quincy? You can browse all Quincy real estate or contact a Coldwell Banker agent to request more information.