1214 2nd Avenue, Silvis, IL

$180,000

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0.15

Acres

About 1214 2nd Avenue

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!

Features of 1214 2nd Avenue

MLS® # 12696645
Price $180,000
Bathrooms 0.00
Acres 0.15
Year Built 1920
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1214 2nd Avenue
Area Silvis
City Silvis
County Rock Island
State IL
Zip Code 61282

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement Yes
Basement Unfinished

Exterior

Exterior Wood, Vinyl Siding
Roof Composition
Foundation Block

Additional Information

Days on Market 43
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Concepts Bettendorf

Listing Map

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