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Listed by Richard Bassfordof RE/MAX Concepts Bettendorf
$ 155,000
Est. payment /mo
Active
1214 2ND Avenue Silvis, IL 61282-1211
7,338 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,338 sqft
Price per Sqft $21
MLS Listing ID QC4266981
Year Built 1920
Annual Tax Amount $4,037
Tax Year 2024
Lot Size 6,534 Sqft
Lot Dimensions 50x134x50x133
Property Sub-Type Multi Family 5+
Property Description
5-unit multi-family in Silvis with strong value-add potential! Includes three 2BR/1BA units and two 1BR/1BA units-2 on the main floor, 2 on the second, and 1 on the third. Two renovated units are tenant-occupied (one month-to-month, one on a new lease). Three vacant units need renovation, offering income upside. Exterior updates include new gutters, electrical/security lighting, main water shut-off, and cast iron stack repairs (2025). In 2024, the building received 3 new outside lower decks, foundation repair, new roof, and siding. East-side decks/stairs still needed for upper-unit access/egress. Parking slab for 4 vehicles. Conveniently located near Schadt Park and John Deere Expressway, with hilltop city views. Finish the remaining work and unlock the full income potential of this investment property!
Location
State IL
County Rock Island
Zoning OTHER
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Block
Structure Type Vinyl Siding
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