NOT LISTED FOR SALE
3 Beds
2 Baths
35,846 Sq Ft
1.58 Acres

Last Sold July 27, 2021

Last sale price $1,420,000 $40 Per Sq Ft

27 Days on Market

About This Home

As of July 2021

39 units split between two buildings. Must give 48 hour notice to show.

Last Agent to Sell the Property

Gary Simatovich

RE/MAX Best Commercial License #S65752000 Listed on: 06/05/2021

RE/MAX Best Commercial

Co-Listed By

David Ryan

RE/MAX Best Commercial License #B42926000/475.122478

Last Buyer's Agent

Todd Ryckeghem

Milltown Realty, LLC License #475.182724

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,873

Year Built

  • Built in 1964

Lot Details

  • 1.58

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Schools

  • Rock Island High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,873

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Apartment Building
  • Legal Description: LOT 2 THE TOWER SUBD
  • Lvt Date: 06/07/2021
  • Year Built: 1964
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partial
  • Price Per Sq Ft: 39.61
  • Total Sq Ft: 35846

Exterior Features

  • Exterior: Brick, Stucco

Garage/Parking

  • Garage Parking: Carport, Detached
  • Number Parking Spaces: 39

Utilities

  • Heating Cooling: Gas, Hot Water
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 12115
  • Garbage Collection Exp: 4334
  • Gas Expense: 12115
  • Water Sewer Expenses: 11655

Schools

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

Lot Info

  • Estimated Lot Size: 2.02
  • Lot Description: Level
  • Subdivision: South Rock Island
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Manager On Site: Yes
  • Management Expense: 18609

Tax Info

  • Annual Taxes: 46873
  • Parcel Id Number Tax Id: 10-4606 & 10-4605
  • Tax Year: 2019

Multi Family

  • Total Number Units: 39
  • Total Number Electric Meters: 41
  • Total Number Gas Meters: 3
  • Total Number Heating Units: 3
  • Total Number Water Heaters: 6
  • Total Number Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2025
Sold by
24Th Street Capital Llc
Bought by
Fw2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Outstanding Balance
$1,215,598
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 26, 2024
Sold by
Vanderkooi Michael and Vanderkooi Nanette Joy
Bought by
24Th Street Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Interest Rate
7.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 20, 2021
Sold by
Willow Llc
Bought by
Vanderkooi Michael and Vanderkooi Nanette Joy
Seller's Agent
Gary Simatovich
RE/MAX Best Commercial
Buyer's Agent
Todd Ryckeghem
Milltown Realty, LLC
List Price
$1,520,000
Sold Price
$1,420,000
Premium/Discount to List
-$100,000
-6.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
2.93%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fw2 Llc $1,600,000 None Listed On Document
24Th Street Capital Llc $1,400,000 Gomez Title
Vanderkooi Michael $1,420,000 Brooks Law Firm Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fw2 Llc $1,280,000
Previous Owner 24Th Street Capital Llc $1,120,000
Previous Owner Vanderkooi Michael $875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $1,420,000 -6.6% $40 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $1,520,000 +26.7% $42 / Sq Ft
11/21/2016 11/21/16 Sold $1,200,000 0.0% $33 / Sq Ft
11/21/2016 11/21/16 Sold $1,200,000 0.0% $33 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/15/2016 09/15/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $1,200,000 -22.6% $33 / Sq Ft
09/17/2015 09/17/15 For Sale $1,550,000 -- $43 / 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 $36,913 $366,791 $58,249 $308,542
2023 $36,913 $335,582 $53,293 $282,289
2022 $34,210 $340,771 $54,117 $286,654
2021 $34,159 $323,619 $51,393 $272,226
2020 $33,446 $314,804 $49,993 $264,811
2019 $33,086 $311,687 $49,498 $262,189
2018 $31,591 $303,493 $48,197 $255,296
2017 $30,716 $293,405 $46,595 $246,810
2016 $29,797 $293,405 $46,595 $246,810
2015 $29,766 $293,405 $46,595 $246,810
2014 $7,184 $295,622 $46,947 $248,675
2013 $7,184 $295,622 $46,947 $248,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4222493

RMLS Alliance

APN: 16-11-220-001