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$ 440,000
Est. payment | /mo
9,312 SqFt
$ 440,000
Est. payment | /mo
9,312 SqFt
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 $47
MLS Listing ID 12725207
Year Built 1874
Annual Tax Amount $18,328
Tax Year 2025
Lot Size 10,018 Sqft
Lot Dimensions 150x81x105x50x45x32
Property Sub-Type Multi Family 5+
Property Description
Exceptional investment opportunity in the heart of Rock Island with a great view of the Centennial Bridge and 4th of July fireworks! This 12-unit brick apartment building offers investors a chance to acquire a well-located income-producing asset with long-term upside. The property consists of twelve 1-bedroom, 1-bath apartments, with private decks for every unit showcasing impressive views of the Mississippi River and the Centennial Bridge-an amenity that sets this property apart from competing rentals. The building features a low-maintenance brick exterior, block/stone foundation, and a strong rental history with the opportunity to continue increasing income through lease turnover and management optimization. Units are heated without central air conditioning, keeping maintenance straightforward while providing tenants with desirable outdoor living space and scenic views rarely found at this price point. Located just minutes from downtown Rock Island, Arsenal Island, shopping, restaurants, public transportation, and major employers, this property offers an attractive combination of location, stability, and future appreciation potential. Whether you're expanding your portfolio or completing a 1031 exchange, 1301-1305 2nd Ave presents an excellent opportunity to own a substantial multifamily asset in one of the Quad Cities' established rental markets. 48 hours notice required for showings.
Location
State IL
County Rock Island
Area Rock Island
Interior
Cooling None
Fireplace N
Building
Dwelling Type Multi Family 5+
Structure Type Brick
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Listed by Bobby Bunch of Rainmaker Collective - Real Broker, LLC
Helping buyers and sellers move with convidence