1214 2nd Ave Silvis, IL 61282
Silvis AreaEstimated payment $1,392/month
Highlights
- Forced Air Heating System
- Wood Siding
- 5-minute walk to Schadt Park
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,306
Year Built
- Built in 1920
Lot Details
- 6,686 Sq Ft Lot
- Lot Dimensions are 50x134x50x133
- Property fronts an alley
Home Design
- Block Foundation
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 7,338 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $516
- Fuel Expense $43
- Maintenance Expense $4,665
- Trash Expense $852
- Water Sewer Expense $2,366
- Operating Expense $8,442
- Gross Income $14,400
- Net Operating Income $1,920
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,306 | $46,518 | $4,241 | $42,277 |
| 2024 | $4,306 | $43,072 | $3,927 | $39,145 |
| 2023 | $4,038 | $28,522 | $2,600 | $25,922 |
| 2022 | $2,659 | $27,745 | $2,529 | $25,216 |
| 2021 | $2,604 | $26,525 | $2,418 | $24,107 |
| 2020 | $2,594 | $26,185 | $2,387 | $23,798 |
| 2019 | $2,568 | $25,710 | $2,344 | $23,366 |
| 2018 | $2,556 | $25,710 | $2,344 | $23,366 |
| 2017 | $2,530 | $25,230 | $2,300 | $22,930 |
| 2016 | $2,532 | $25,105 | $2,289 | $22,816 |
| 2015 | $2,527 | $24,613 | $2,244 | $22,369 |
| 2014 | $574 | $23,996 | $2,188 | $21,808 |
| 2013 | $574 | $23,996 | $2,188 | $21,808 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $190,000 | -- | $26 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12696645
APN: 09-32-108-003
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
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