$199,900
SOLD MAY 6, 2022
7 Beds
4 Baths
2,944 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$68 Per Sq Ft

7 Days on Market

About This Home

As of May 2022

Don't miss your opportunity! Fully occupied 4 Plex in Rock Island, close to shopping, restaurants, and Augustana College. This property has great cash flow with tons of updates done to it. 3 Units have 2 bedrooms, and the 4th has 1 bedrooms. Each unit has their own storage closets in the basement along with common area laundry. Tenant Rights, 48 hours notice required.

Last Agent to Sell the Property

Stephanie Simmons

KW 1Advantage License #S64038000/475.171369 Listed on: 03/16/2022

Co-Listed By

Kevin Welch

eXp Realty License #S68610000/475.193074

Last Buyer's Agent

Judy Thomas

Epique Realty License #S27440000/475183154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,063

Year Built

  • Built in 1909

Home Design

  • Quadruplex

Interior Spaces

  • Storage
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Rock Island High School

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,063

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: LOT 1 KIMMEL ADD
  • Lvt Date: 03/16/2022
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available, Additional Storage, Hi-Speed Internet Availbl
  • Number Dryers: 1
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Number Washers: 1
  • Basement: Full, Unfinished
  • Price Per Sq Ft: 67.9
  • Total Sq Ft: 2944

Exterior Features

  • Exterior: Vinyl Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: On-Street Parking

Utilities

  • Heating Cooling: Electric, Forced Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Laundry Facilities: Common

Schools

  • High School: Rock Island
  • High School: Rock Island

Lot Info

  • Estimated Lot Size: 45x130
  • Lot Description: Corner, Level
  • Subdivision: Kimmel
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 36000
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 5063.16
  • Parcel Id Number Tax Id: 16-01-153-001
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 36000
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 5
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2019
Sold by
Meteor Holdings Llc
Bought by
Eagle Property Holdings Llc
Current Estimated Value
$237,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,625
Outstanding Balance
$102,937
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$134,635
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $103,000 Gomez Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,625 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Rented $850 0.0% --
10/28/2022 10/28/22 Under Contract -- -- --
08/18/2022 08/18/22 For Rent $850 0.0% --
05/06/2022 05/06/22 Sold $199,900 0.0% $68 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $199,900 +42.8% $68 / Sq Ft
01/09/2014 01/09/14 Sold $140,000 0.0% $48 / Sq Ft
01/09/2014 01/09/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $140,000 -- $48 / 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 $7,066 $69,262 $5,249 $64,013
2023 $7,066 $66,090 $5,009 $61,081
2022 $5,180 $49,930 $4,703 $45,227
2021 $5,129 $47,917 $4,513 $43,404
2020 $5,063 $46,748 $4,403 $42,345
2019 $4,833 $46,748 $4,403 $42,345
2018 $4,833 $45,515 $4,403 $41,112
2017 $4,680 $44,842 $4,338 $40,504
2016 $4,514 $43,963 $4,253 $39,710
2015 $4,328 $41,671 $4,031 $37,640
2014 $1,072 $36,666 $3,985 $32,681
2013 $1,072 $36,666 $3,985 $32,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4231108

RMLS Alliance

APN: 16-01-153-001