Investor opportunity featuring 12 spacious one-bedroom, one-bathroom apartments and 6 garages in a highly accessible Rock Island location. The area is quiet and has several long term tenants - including a tenant that has been there for 25 years. The complex is situated just off major routes with convenient access to the Centennial Bridge, Highway 92, I-280, downtown Davenport and Rock Island. The property currently generates $6,285 per month. Three units are currently vacant, offering immediate opportunity to increase rental income and overall cash flow. Tenants pay water and sewer; owner pays gas, electric and garbage. Only vacant units will be shown for first showing.
| MLS # | 12758228 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1874 |
| Days On Site | 20 |
| Listing Provided By | Milltown Realty, LLC | Katy Gladkin |
| SQ Feet | 9,312 |
|---|---|
| Story(s) | 3 |
| Units | 12 |
| Zoning | MULTI |
| Acreage | 0.23 |
| Cooling | None |
|---|---|
| Fireplaces Total | 0 |
| Foundation Details | Block |
|---|---|
| Construction Materials | Brick |
| Sewer | Public Sewer |
|---|
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 18328 |
| State | IL |
|---|---|
| County | Rock Island |
| City | Rock Island |
| Zip Code | 61201 |
| Area | Rock Island |
| Listing VS Median (in 61201) | |
Price: $440,000 low | high Med: $129,900 sqft: 9,312 low | high Med: 1,700 $ / sqft: $47 low | high Med: $76 On site: 20 low | high Med: 89 | |
| State | IL |
|---|---|
| County | Rock Island |
| City | Rock Island |
| Zip Code | 61201 |
| Area | Rock Island |
| Listing VS Median (in 61201) | |
Price: $440,000 low | high Med: $129,900 sqft: 9,312 low | high Med: 1,700 $ / sqft: $47 low | high Med: $76 On site: 20 low | high Med: 89 | |