NOT LISTED FOR SALE

1450 18th Ave Rock Island, IL 61201

Central Rock Island Neighborhood
-- Bed
3 Baths
17,100 Sq Ft
5.58 Acres

Last Sold September 29, 2015

Last sale price $1,800,000 $105 Per Sq Ft

18 Days on Market

About This Home

As of September 2015

A fantastic opportunity to own a well established, 51 unit 3 building apartment complex that has 99% occupancy. Exceptional park like setting in this private, well maintained complex. Units include (3) 3 bedroom apartments, (9) 2 bedroom duplex apartments, (24) 2 bedroom apartments, (12) 1 bedroom apartments, and (3) efficiency. Each building has common laundry room. This property offers extra parking lot + 48 carports. Small patio and grilling area for tenants to use. All buildings have newer roofs and parking lot was repaved.

Last Agent to Sell the Property

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 08/03/2015

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 08/03/2015

RE/MAX Concepts Bettendorf

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $33,259

Year Built

  • Built in 1966

Lot Details

  • 5.58

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for gas, electric, heating, cooling
  • The owner pays for real estate taxes, insurance, structural maintenance, internal maintenance, common area, common area maintenance, snow/lawn, gas, water/sewer, management

Property Details

Property Type

Other

Est. Annual Taxes

$33,259

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Style: Up & Down
  • Sub Type: Multi-Family
  • Year Built: 1966
  • Handicap Modified: Unknown
  • Miscellaneous: Resident Manager
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood
  • Total Sq Ft: 17100
  • Estimated Lot Sq Ft: 242,876 sq ft

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: City Street
  • Insulation: Unknown
  • Roof Construction: Comp Shingle
  • Wall Construction: Frame

Utilities

  • Cooling: Central Air, Individual Control, Individual Units
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 5.58
  • Zoning: Commercial
  • Geo Subdivision: IL

Rental Info

  • Common Laundry: Yes
  • Owner Pays: Real Estate Taxes, Insurance, Structural Maintenance, Internal Maintenance, Common Area, Common Area Maint, Snow/Lawn, Gas, Water/Sewer, Management
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Gas, Electric, Heating, Cooling
  • Terms Lease: Yearly

Tax Info

  • Annual Taxes: 33259.12
  • Parcel Id Number Tax Id: 10-795 and 10-48
  • Tax Incentive: In City Limit
  • Tax Year: 2014

Multi Family

  • Total Number Units: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2007
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
-- $1,360,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2015 09/29/15 Sold $1,800,000 -2.7% $105 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $1,850,000 -- $108 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $41,177 $409,160 $91,534 $317,626
2023 $41,177 $374,346 $83,746 $290,600
2022 $38,884 $380,135 $85,041 $295,094
2021 $38,104 $361,002 $80,761 $280,241
2020 $37,310 $351,169 $78,561 $272,608
2019 $36,908 $347,692 $77,783 $269,909
2018 $1,412 $338,551 $75,738 $262,813
2017 $34,265 $327,298 $73,221 $254,077
2016 $33,240 $327,298 $73,221 $254,077
2015 $33,204 $327,298 $73,221 $254,077
2014 -- $329,771 $73,774 $255,997
2013 -- $329,771 $73,774 $255,997
Source: Public Records

Agents Affiliated with this Home

  • Richard Bassford

    Seller's Agent in 2015

    Richard Bassford

    RE/MAX

    (309) 292-3681

    31 in this area

    1,650 Total Sales

    Richard Bassford
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Map

Source: RMLS Alliance

MLS Number: RMAQC7033766

RMLS Alliance

APN: 16-02-316-002

Illinois Rock Island County Rock Island 61201 Central Rock Island

1450 18th Ave, Rock Island, IL

This home is located at 1450 18th Ave, Rock Island, IL 61201 since 03 August 2015. This property was built in 1966. 1450 18th Ave is a home located in Rock Island County with nearby schools including Frances Willard Elementary School, Edison Jr High School, and Rock Island High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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