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537 Locust St, Quincy, IL, 62301

5beds
4baths
3,780sqft
$154,900
$41price/sqft
$1,432/moest. monthly cost
$57,280/yrincome needed

About This Home

Investor opportunity! This 4-plex offers $2,200/month in gross rents with additional upside potential. Garages could generate extra income if rented separately as storage units. A solid multi-unit property with multiple potential revenue streams.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

5/10
Dewey Elementary SchoolGrades K-51.4 mi
3/10
Quincy Jr High SchoolGrades 6-81.5 mi
2/10
Quincy Sr High SchoolGrades 9-122.8 mi

Construction

Materials

  • Roof: Other
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Water Heater

Basement

  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,780
  • Total interior livable area: 3,780 sqft

Property

Details

  • Parcel number: 237089200000

Lot

  • Lot size: 0.29 Acres
  • Features: Level
  • Lot size dimensions: 195 x 64

Parking

  • Total spaces: 4
  • Parking features: Alley Access,Detached

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 $783$9,396
Home Insurance *$163$1,956
Property Taxes $196$2,352
Electricity $290$3,488
Total$1,432$17,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,097/yr
40% on housing$42,960/yr
45% on housing$38,186/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

$41This 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)

Price History

DateEventPrice
2026-07-10Price change$154,900
2026-06-06Price change$165,000
2026-05-12Listed for sale$180,000
2025-07-31Listing removed$179,500
2025-05-15Price change$179,500
2025-03-11Listed for sale$190,000
2017-06-15Sold$67,357
2013-05-15Sold$74,500
2013-03-20Listed for sale$85,000
2008-10-10Sold$63,000

For Sale by Agent

AgentJeremy D Farlow
BrokerageFarlow Real Estate Experts

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