Cedar Creek Crossing Apartments

2225 North 12th Street, Quincy, IL 62305
Status: Available
Year Built: 2002
Price: UNPRICED OFFERING
# of Units: 80
# of Buildings: 8
# of Stories: 3
Rentable SF: 79,600
Lot Size: 7.80 Acres
Density: 10.26 Units/Acre

Highlights:

  • Located Within 2 Miles from Quincy University, 3 Miles from the Quincy Mall, and Close to Entertainment and Other Area Amenities
  • Well Maintained LIHTC Property Placed in Service in 2002
  • Quincy has Been Twice Recognized as an All-American City and is a Participant in the Tree City USA Program
  • 2019 Fair Market Rents Increased by 6.27% for 2BD Units and 6.58% for 3BD Units Over 2018

Description:

Cedar Creek Crossing is a 80-unit LIHTC property located in Quincy, IL. The property offers a mix of spacious two and three bedroom floor plans to income qualifying residents and is conveniently located close to shopping, restaurants, entertainment, and area amenities.

The property was built in and placed in service in 2002 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires at least 72 units to be rented to income qualifying residents earning no more than 20% and 60% of Area Medium Income (AMI) limits, which are provided by Illinois Housing Development Authority. The remaining 8 units are unrestricted. The property is beyond its initial tax credit compliance period.

Residents benefit from a multitude of amenities including a clubhouse, swimming pool, playground, business center, on-site laundry facility, and a fitness center. Unit amenities include an open floor plan with a full appliance package, breakfast bar, walk-in closets, patio/balcony, and washer and dryers in select units.

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