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508 Monroe St, Quincy, IL, 62301

2beds
1baths
1,628sqft
$77,000
$47price/sqft
$697/moest. monthly cost
$27,880/yrincome needed

About This Home

Opportunity awaits with this 2-bedroom bungalow offering plenty of potential to build equity! A non-conforming walk-through room provides the flexibility for a home office, playroom, or possible third bedroom. Original hardwood floors are believed to be hidden beneath the carpet, just waiting to be uncovered. Outside, you'll find a fenced backyard and a metal shed/outbuilding for additional storage. This fixer-upper is the perfect chance for an investor, flipper, or buyer ready to roll up their sleeves and make it their own. With vision and a little sweat equity, this home could truly shine!

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
61
BikeBikeable

Schools

7/10
Monroe Elementary SchoolGrades K-52.8 mi
3/10
Quincy Jr High SchoolGrades 6-81.1 mi
2/10
Quincy Sr High SchoolGrades 9-122.6 mi

Construction

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial

Bedroom1

  • Level: Main
  • Dimensions: 13ft 0in x 17ft 0in

Bedroom2

  • Level: Upper
  • Dimensions: 13ft 0in x 30ft 0in

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Family Room

  • Level: Upper
  • Dimensions: 10ft 0in x 30ft 0in

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 1,628
  • Total interior livable area: 1,628 sqft

Kitchen

  • Level: Main
  • Dimensions: 15ft 0in x 15ft 0in

Living Room

  • Level: Main
  • Dimensions: 14ft 0in x 15ft 0in

Main Level

  • Area: 1020

Other

  • Level: Main
  • Dimensions: 12ft 0in x 13ft 0in

Upper Level

  • Area: 608

Property

Details

  • Parcel number: 232124600000

Lot

  • Lot size: 7,405 sqft
  • Features: Level
  • Lot size dimensions: 40 x 188

Parking

  • Parking features: Alley Access,On Street,Parking Pad
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Strong Wind
Hail
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $389$4,668
Home Insurance *$81$972
Property Taxes $97$1,164
Electricity $130$1,569
Total$697$8,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,897/yr
40% on housing$20,910/yr
45% on housing$18,586/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$47This listing

vs Other Active Listings

Avg $/sqft

ZIP 62301$87
Adams County$110

vs Homes Sold Last Month

Median $/sqft

ZIP 62301$94
Adams County$92

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Contingent$77,000
2026-07-29Listed for sale$77,000
2024-06-25Listing removed--
2024-06-19Listed for rent$900
2008-09-18Sold$68,500

For Sale by Agent

AgentJacquelyn Weisenburger
BrokerageHappel, Inc., REALTORS

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