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Listed by Alex Kellyof NAI Ruhl Commercial Company
$242,000
Est. payment /mo
5 Beds
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12626118
Style Other
Bedrooms 5
Year Built 1966
Annual Tax Amount $5,839
Tax Year 2024
Lot Size 7,840 Sqft
Property Sub-Type Two to Four Units
Property Description
A rare opportunity for investors seeking stability, consistent returns, and upside potential. This fully occupied side-by-side duplex is located in a quality neighborhood on a quiet dead end street and comes with long-term tenants of 15 and 20 years providing proven long-term rental history. Unit 4731 features 2 bedrooms, 2 bathrooms, and a deck off the kitchen. Unit 4733 features 3 bedrooms, 2 bathrooms, and a walk-out basement with direct access to the backyard. Both units include attached garages, finished and waterproofed basements with dedicated in-unit laundry rooms. They have been thoughtfully updated throughout, including tile bathrooms. A roof replacement was completed six years ago. Tenants are responsible for snow removal, lawn care, garden maintenance, and all utilities keeping owner obligations and operating costs to a minimum. Totaling approximately 2,200 square feet, current rents offer room to grow toward market rate, presenting an attractive opportunity to increase cash flow while maintaining the current low expense structure. A stable, turnkey investment with both immediate income and long-term upside.
Location
State IL
County Rock Island
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 1.0
View Y/N true
Roof Type Asphalt
Building
Lot Description Other
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 40, 40, 40
Others
Ownership Fee Simple
Special Listing Condition None
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com