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Listed by Richard Bassfordof RE/MAX Concepts Bettendorf
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Est. payment /mo
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
MLS Listing ID 12696645
Year Built 1920
Annual Tax Amount $4,306
Tax Year 2025
Lot Size 6,534 Sqft
Lot Dimensions 50x134x50x133
Property Sub-Type Multi Family 5+
Property Description
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!
Location
State IL
County Rock Island
Zoning OTHER
Rooms
Basement Unfinished
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Block
Structure Type Wood,Vinyl Siding
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com