$300,000
SOLD OCT 1, 2025

306 W 2nd St Annawan, IL 61234

-- Bed
-- Bath
8,598 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

6% Below List Price

28 Days on Market

About This Home

As of October 2025

Strong Rental History: A proven track record of steady occupancy and reliable rental income, showcasing the property's appeal and profitability. Whenever a vacancy occurs there is a wait-list! A meticulously maintained 12-plex that stands out as a premier investment opportunity in this quaint and growing community. This well-kept multi-family property offers a blend of classic charm and profitability. Situated in the heart of Annawan, residents enjoy easy access to local shops, schools, and parks, enhancing the appeal of this desirable location. Ample parking space available for residents, adding to the convenience and value of the property. A majority of the windows on the building have been replaced, the owners have installed PEX to many of the units, and a metal roof has been installed...... Rents as follows: #1 $730, #2 $730, #3 $510, #4 $525, #5 $500, #6 $550, #7 $920, #8 $550, #9 $700, #10 $525, #11 $575, #12 $510

Last Agent to Sell the Property

Eric Ryden

Quad Cities Iowa Realty - Moline License #471.010835/B42437000 Listed on: 07/16/2025

Quad Cities Iowa Realty - Moline

Last Buyer's Agent

Eric Ryden

Quad Cities Iowa Realty - Moline License #471.010835/B42437000 Listed on: 07/16/2025

Quad Cities Iowa Realty - Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,643

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 64 x 150

Home Design

  • 8,598 Sq Ft Home
  • Brick Exterior Construction
  • Brick Foundation
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Utilities

  • Separate Meters

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $3,972
  • Fuel Expense $7,500
  • Maintenance Expense $2,000
  • Water Sewer Expense $2,178
  • Operating Expense $23,196
  • Gross Income $89,820
  • Net Operating Income $63,981

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,643

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 5 BLK 7 ORIGINAL TOWN OF ANNAWAN
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Number of Washers: 2

Exterior Features

  • Construction Materials: Brick, Vinyl Siding, Wood Siding
  • Foundation Details: Brick/Mortar
  • Roof: Metal

Utilities

  • Electric: Separate Meters

Fee Information

  • Water Sewer Expenses: 2178

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 64 x 150
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: None, Other
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 8598

Multi Family

  • Net Operating Income: 63981
  • Fuel Expense: 7500
  • ElectricExpense: 3972
  • GrossIncome: 89820
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 23196

Tax Info

  • Tax Annual Amount: 2642.6
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Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold $300,000 -6.2% $35 / Sq Ft
08/13/2025 08/13/25 Pending -- -- --
07/16/2025 07/16/25 For Sale $319,900 -- $37 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $2,643 $33,433 $2,468 $30,965
2023 $2,788 $33,433 $2,468 $30,965
2022 $2,785 $33,433 $2,468 $30,965
2021 $2,899 $33,433 $2,468 $30,965
2020 $2,879 $32,698 $2,414 $30,284
2019 $2,977 $33,433 $2,468 $30,965
2018 $2,979 $32,932 $2,468 $30,464
2017 $3,035 $32,932 $2,468 $30,464
2016 $2,907 $31,363 $2,350 $29,013
2015 $2,533 $31,363 $2,350 $29,013
2013 $2,533 $31,363 $2,350 $29,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4265481

Midwest Real Estate Data (MRED)
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