Quincy, IL, 62301
Value-add single-family fixer: 2 bed / 2 bath (possible 3rd bedroom), 1,905 square feet, two-story with unfinished basement and 2-car garage. Currently vacant.
Asking price of $45K, with recent nearby comps supporting an estimated $140K ARV after full renovation.
$53K rehab scope includes: Full roof replacement, exterior vinyl siding completion (partially stripped), kitchen refresh (cabinets, countertops, appliances), LVP flooring in kitchen and main living areas, interior paint, selective window replacement, junk/debris removal, and cosmetic updates throughout.
Significant spread built in. At a $45K ask with an estimated $53K renovation budget, your all-in cost is around $98K. Against a $140K ARV, that delivers $42K+ in gross profit (~30% margin on ARV).
The value here is a rare off-market opportunity with deeply discounted basis and significant ARV upside.
Please contact [email protected] for more information.
Property Details
Address: Quincy, IL 62301
Bed / Bath: 2/2 (possible 3rd bedroom)
Property Type: Single Family
Finished Area: ~1,905 sq. ft.
Year Built: 1900
Stories: 2-story with unfinished basement
Garage: 2-car garage
Occupancy Status: Vacant
Investment Highlights
This is a full rehab opportunity with significant upside. The property is vacant and needs renovation work across roof, exterior, and interior — ideal for an experienced flipper or BRRRR investor comfortable with medium-to-heavy renovation scope.
The building has strong bones. No foundation cracks, structural issues, or basement concerns reported by the seller. No active roof leaks despite the roof needing replacement.
The furnace is approximately 2 years old — a major mechanical system that won't need replacement, saving significant rehab dollars.
Both bathrooms were remodeled by the current owner. They should not require full renovation.
$53K in renovation costs estimated. See detailed scope of work here.
ARV estimated at $140K. Based on recent nearby sales.
1415 N 10th St, Quincy (3/2, 1,696 SF, sold in Aug 2025 for $142K)
Ranch-style home two blocks away with carport, full basement, and multiple updates (windows, roof).
1324 N 6th St, Quincy (3/2, 2,418 SF, sold in Jan 2026 for $136.5K)
Fully renovated bungalow three blocks west — all new flooring, paint, HVAC, and water heater.
1208 N 9th St, Quincy (2/2, 1,670 SF, sold in Aug 2025 for $162.9K)
Charming renovated home one block south — exposed brick, LVP flooring, replacement windows, new furnace.
Property Pictures
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Disclaimer
All information provided herein is deemed reliable but is not guaranteed. Buyers are advised to conduct their own due diligence. Property is being assigned with equitable interest. ARV estimates, rent projections, and renovation recommendations are based on third-party data and investor opinion. Property is sold as-is, where-is. Access subject to seller approval.