1506-1508 Madison Street
Active Great investment opportunity at 1506-1508 Madison Street! This true side-by-side duplex offers separate water, gas, and electric utilities for each unit, making it a great option for investors or someone wanting to live in one side while the other helps pay your bills. A major recent improvement includes a complete roof replacement in December 2025, featuring a full tear-off and installation of all-new roof sheathing! Both units are equipped with gas furnaces installed in 2013, with tenants currently utilizing window air conditioning units. The property is being sold as-is, with inspections welcome. With some TLC and the right vision, this duplex has the potential to become a great income-producing investment. Don’t miss your chance to add this property to your investment portfolio! Agent Owned.
View full listing details| Price: | 95,000 |
|---|---|
| Address: | 1506-1508 Madison Street |
| City: | Quincy |
| State: | Illinois |
| Zip Code: | 62301 |
| Subdivision: | None |
| MLS: | CA1047738 |
| Square Feet: | 2,200 |
| roof: | Shingle |
|---|---|
| heating: | Forced Air, Gas, Window Unit(s) |
| taxYear: | 2025 |
| basement: | Full, Unfinished |
| mlsStatus: | Active |
| agentOwned: | yes |
| directions: | Second property East from the corner of 15th and Madison |
| highSchool: | Quincy School District #172 |
| lvtDateMLS: | 2026-11-11 |
| lotFeatures: | Other |
| repossessed: | no |
| saleRentMLS: | For Sale |
| waterSource: | Public Sewer, Public |
| 100YearPlain: | No |
| mlsAreaMinor: | Quincy |
| parcelNumber: | 23-4-0034-000-00 |
| parkingTotal: | 1 |
| pricePerSqFt: | 43.18 |
| structureType: | Duplex |
| managerOnSiteYN: | no |
| parkingFeatures: | On Street, Parking Pad |
| taxAnnualAmount: | 1567 |
| insuranceExpense: | 1316 |
| listingAgreement: | Exclusive Right To Sell |
| operatingExpense: | 2016 |
| taxExemptionsMLS: | None |
| firstPhotoAddDate: | 2026-11-12T01:01:04.2 |
| foundationDetails: | Stone |
| lotSizeDimensions: | 56 x 128 |
| newConstructionYN: | no |
| numberOfGasMeters: | 2 |
| seniorCommunityYN: | no |
| attributionContact: | Office: 217-224-8383 |
| disclosedShortSale: | N |
| netOperatingIncome: | -3583 |
| numberOfUnitsTotal: | 2 |
| agentRelatedToOwner: | no |
| listingContractDate: | 2026-11-11T00:00:00+00:00 |
| numberofWaterMeters: | 2 |
| taxLegalDescription: | LOT 4 BLK 1 KEHLENBRINK SURVEY N 128FT OF W 3FT LOT 2 & N 128 FT LOT 3 & N 128FT OF E 3FT LOT 4 |
| numberOfHeatingUnits: | 2 |
| numberOfWaterHeaters: | 2 |
| constructionMaterials: | Aluminum Siding, Vinyl Siding |
| statusChangeTimestamp: | 2026-11-11T00:00:00+00:00 |
| addressSearchNumberMLS: | 1506 |
| numberOfElectricMeters: | 2 |
| otherExp1DescriptionMLS: | Internet |
| listingVisibilityTypeMLS: | MLS Listing |
| operatingRecordingDevice: | None |
| agentIsDesignatedManagingBroker: | no |
© Copyright 2026 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than Happel Inc., Realtors are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The offer is made only to Participants of the MLS where the listing is filed.
The RMLS data on this page was last updated on Thursday, November 12th, 2026.
Listed by: Happel, Inc., REALTORS 217-740-6381
Data services provided by IDX Broker