740 S 14th · Quincy, IL 62301

$95,000

2 bd · 1.0 ba · 1,500 sqft · SingleFamily · 98 Days on market

6,969 sqft lot $63/sqft · 28% below area Est $132k · 28% under ↓ 13% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2+ bed, great corner location & price! Some work yet needed to the home, but allowing buyer to build sweat equity by doing themselves! Garage needs rehab. Zoned R-2 (offering investor options)! Chain-link fenced on N side, white vinyl fenced on S & front. Enclosed front & covered side porch areas. Poured patio in back. Slate siding (some siding materials on site / garage). Updates including re-wiring & plumbing, also C/A, & 100-amp breaker panel. Other Rms: 2nd level is floored, insulation, & some wall covering, possible 2-more beds or use for storage! Buyer's choice for technology. Partial basement with remainder as adequate crawl space.

Key facts

• Corner location
• Zoned r-2
• White vinyl fenced

Tags

• CORNER LOCATION
• ZONED R-2
• CHAIN-LINK FENCED
• WHITE VINYL FENCED
• ENCLOSED FRONT PORCH
• COVERED SIDE PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $619 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 4.3% in Quincy — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#506 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D, employment D.
• Quincy SD 172 (town): math 24% / reading 27% proficiency, ranked #328 of 620 in IL (top 53%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+10.8%/yr); 180 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 68 units permitted in Adams County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Adams County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Recommended offer $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.73% ✓
• Cap rate: 14.11%
• Cash-on-cash: 27.92%
• DSCR: 2.24
• GRM: 4.8

CMA / ARV

• ARV (median comp): $131,547
• List price: $95,000
• Delta: -27.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
716 S 17th St	0.26mi	2/1.0	1,499 (-0%)	2mo	$125,000	$83	86
607 S 17th St	0.33mi	2/2.0	1,510 (+1%)	3mo	$122,000	$81	78
1512 State St	0.27mi	2/1.0	1,600 (+7%)	0mo	$148,000	$93	76
1118 S 16th St	0.38mi	2/2.0	1,415 (-6%)	3mo	$155,000	$110	67
636 S 16th St	0.19mi	2/2.0	1,278 (-15%)	0mo	$155,000	$121	62
530 S 9th	0.47mi	2/1.0	1,340 (-11%)	1mo	$137,000	$102	59
631 S 11th St	0.26mi	3/1.5 (+1)	1,300 (-13%)	2mo	$130,000	$100	57
1406 Hampshire St	0.71mi	2/1.0	1,413 (-6%)	1mo	$135,000	$96	56
921 Adams	0.51mi	2/2.0	1,320 (-12%)	1mo	$155,000	$117	51
635 Ohio St	0.65mi	2/1.0	1,330 (-11%)	3mo	$35,000	$26	48
1621 Jackson St	0.51mi	3/1.0 (+1)	1,317 (-12%)	3mo	$74,000	$56	48
612 Monroe St	0.73mi	3/2.0 (+1)	1,670 (+11%)	2mo	$57,500	$34	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 27.7%
• Equity multiple: 2.23×
• Total profit: $32,772
• Equity at exit: $14,165

10-year hold

• IRR: 38.1%
• Equity multiple: 5.48×
• Total profit: $119,087
• Equity at exit: $8,214

Cash invested: $26,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 62301

• Rents YoY: 10.8%
• Active inventory: 180
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,647 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$145 /mo · $1,737/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $619

Break-even live

Break-even rent $864

Max offer price $95,000

Occupancy floor 57%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 S 8th St Quincy, IL	2.0	2.5	1785	$1,800	$1.01	44d	1	0.72mi
116 N 3rd St Quincy, IL	1.0–4.0	1.0–2.0	1950	$3,067	$1.57	44d	12	1.14mi

Listing history 17 events

1. 2026-06-19
   days on market $95,000 Active 98 DOM
2. 2026-06-18
   days on market $95,000 Active 97 DOM
3. 2026-06-17
   days on market $95,000 Active 96 DOM
4. 2026-06-16
   days on market $95,000 Active 95 DOM
5. 2026-06-15
   days on market $95,000 Active 94 DOM
6. 2026-06-14
   days on market $95,000 Active 92 DOM
7. 2026-06-12
   days on market $95,000 Active 91 DOM
8. 2026-06-09
   days on market $95,000 Active 88 DOM
9. 2026-06-08
   days on market $95,000 Active 87 DOM
10. 2026-06-07
    days on market $95,000 Active 86 DOM
11. 2026-06-03
    days on market $95,000 Active 82 DOM
12. 2026-06-02
    days on market $95,000 Active 81 DOM
13. 2026-06-01
    days on market $95,000 Active 80 DOM
14. 2026-05-31
    days on market $95,000 Active 79 DOM
15. 2026-05-30
    days on market $95,000 Active 78 DOM
16. 2026-04-02
    price $95,000 670-char remark

    Show marketing remark (670 chars)

    2+ bed, great corner location & price! Some work yet needed to the home, but allowing buyer to build sweat equity by doing themselves! Garage needs rehab. Zoned R-2 (offering investor options)! Chain-link fenced on N side, white vinyl fenced on S & front. Enclosed front & covered side porch areas. Poured patio in back. Slate siding (some siding materials on site / garage). Updates including re-wiring & plumbing, also C/A, & 100-amp breaker panel. Other Rms: 2nd level is floored, insulation, & some wall covering, possible 2-more beds or use for storage! Buyer's choice for technology. Partial basement with remainder as adequate crawl space.

17. 2026-03-13
    listed $109,000 Active 670-char remark

    Show marketing remark (670 chars)

    2+ bed, great corner location & price! Some work yet needed to the home, but allowing buyer to build sweat equity by doing themselves! Garage needs rehab. Zoned R-2 (offering investor options)! Chain-link fenced on N side, white vinyl fenced on S & front. Enclosed front & covered side porch areas. Poured patio in back. Slate siding (some siding materials on site / garage). Updates including re-wiring & plumbing, also C/A, & 100-amp breaker panel. Other Rms: 2nd level is floored, insulation, & some wall covering, possible 2-more beds or use for storage! Buyer's choice for technology. Partial basement with remainder as adequate crawl space.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,737 · $145/mo
• Projected year-2 tax: $1,947 · $162/mo
• Expected delta: +$210/yr (+$17/mo · 12.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,769
• − Mortgage interest: −$5,321
• − Property taxes: −$1,737
• − Insurance: −$475
• − Repairs & maintenance: −$1,582
• − Management: −$1,582
• − Depreciation: −$2,764
• Taxable income: $6,309
• Est. tax owed @ 24.0%: −$1,514
• After-tax cash flow: $5,913/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Quincy SD 172
• NCES district ID: 1733000
• Math proficiency: 24% ▬ 0.00%
• Reading proficiency: 27% ▬ 0.00%
• Median HH income: $44,132
• Composite: 21.91/100
• National rank: #8229
• State rank: #328 of 620 in IL

Livability — Quincy

• Score: 67/100
• State rank: #506
• US rank: #10458

Category grades

Amenities D- Commute F Cost of living A+ Crime D Employment D Housing A+ Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Quincy, IL
• County: Adams County · 30,746 people
• City population: 30,746
• Metro: Quincy, IL-MO
• Population (ZIP): 30,746
• Household income: $52,055
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1238.0

Population outlook (Adams County) Hauer SSP2

• Today (2025): 65,795 people
• By 2030: 64,436 · -2.1%
• By 2040: 61,007 · -7.3%
• By 2050: 56,851 · -13.6%
• By 2075: 46,424 · -29.4%
• By 2100: 34,305 · -47.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Black 6% Hispanic / Latino 3% Asian 1%
• Common ancestry: Slovak 2% Iranian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+47.4) · D 25.6% · R 73.0% · Other 1.5%
• 2008→2024 swing: -25.0pp toward R · 2008: -22.4pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+46.5 2016: R+47.5 2012: R+35.2 2008: R+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.44%
• Current HPI: 131.7344
• Rent YoY: ▲ 10.78%
• Metro: Quincy, IL-MO
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

-12.8% since first listed

2 events — show timeline

• 2026-04-02 Price Changed $95,000 MRED as Distributed by MLS Grid
• 2026-03-13 Listed $109,000 MRED as Distributed by MLS Grid

Property tax history

+2.4%/yr

Latest (2023): $1,737 · +5.7% YoY. Source: county tax records.