NEW! Buy and sell safely with virtual options - Learn More
About the Listing 108079 - 1082820,1082313
5-unit multi-family property in Silvis with excellent value-add potential! The building features three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with two units on the main floor, two on the second floor, and one on the third. Units A and B are currently tenant-occupied, generating $500/month and $675/month in rental income. Apartments C and D are actively being renovated, while the fifth unit (E) offers additional opportunity to increase value and income. Numerous improvements have already been completed, including all new furnaces (2018), a new roof, siding, three lower decks, and foundation repairs (2024), followed by new gutters, main water shut-off, cast iron stack repairs, and electrical/security lighting (2025). New 2026 updates include new sidewalks along the side and rear of the building, a new exterior deck and stairs serving Apartments C and D, new windows throughout Apartment D, new hallway staircase windows, and two new windows in Apartment C. (The deck serving Apartment E will need work.) Additional features include a parking slab for four vehicles and a convenient location near Schadt Park and the John Deere Expressway with hilltop city views. Continue the renovations and unlock the full income potential of this investment property!
Listing Highlights
Status
Active
Days on Site
9
Property Type
Multi-Family
MLS ®
12696645
Year Built
1920
Total Square Footage
7,338
Lot/Acreage
0.15
County
Rock Island
Area
Silvis
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x134x50x133
- Zoning: OTHER
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 1-5 Spaces
Financial Details
- Tax Amount: $4,306
- Taxes w/Assessments: N/A
- Tax/Property ID: 0932108003
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1214 2nd Ave Silvis, IL 61282
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
