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Silvis,IL 61282-1211
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,338 sqft
Price per Sqft $21
Subdivision Silvis
MLS Listing ID QC4266981
Maintenance Fees $4,665
Year Built 1920
Annual Tax Amount $4,037
Tax Year 2024
Lot Size 6,534 Sqft
Property Sub-Type Residential Income
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
Area Qcara Area
Interior
Heating Forced Air,Natural Gas,Gas Water Heater,None
Laundry Common Area
Exterior
View true
Roof Type Shingle
Building
Lot Description Level,Sloped
Foundation Block
Water Public Sewer,Public
Structure Type Vinyl Siding
New Construction false
Schools
High Schools United Township