19
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$425,000
Est. payment /mo
9,312 SqFt
Price Dropped by $15K
1301-1305 2nd AVE Rock Island, IL 61201
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Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,312 sqft
Price per Sqft $45
MLS Listing ID 12758228
Maintenance Fees $23,411
Year Built 1874
Annual Tax Amount $18,328
Tax Year 2025
Lot Size 10,018 Sqft
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Rock Island
Area Rock Island
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Sewer Public Sewer
Structure Type Brick
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Listed by Katy Gladkin of Milltown Realty, LLC
NEARBY SCHOOL & BUSINESS
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