$350,000
PENDING

Estimated payment $2,443/month

Total Views 2,305
4 Beds
-- Bath
5,400 Sq Ft
$65 Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 4-minute walk to Lincoln Park

About This Home

Cash flowing! This one of a kind property features 8 units throughout two duplexes and a fourplex (all on one parcel) with a mix of 1 and 2 bedroom apartments. 7 of the units are occupied. Whether you're an experienced investor or a first-time buyer looking to generate passive income, this property presents an excellent opportunity for long-term financial growth. Steady rental demand and potential for increased cash flow.

Listing Agent

Katy Gladkin

Milltown Realty, LLC License #S71360000/475.207735 Listed on: 04/17/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,466

Year Built

  • Built in 1919

Lot Details

  • Lot Dimensions are 141x53
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 5,400 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • On-Street Parking

Schools

  • Rock Island High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Edgewood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 08-31-325-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,466

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1919
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 64.81
  • Special Features: None

Interior Features

  • Basement: Full, None, Unfinished
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco, Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Guest, On Street
  • Total Parking Spaces: 8

Utilities

  • Cooling: Zoned, Central Air, None
  • Heating: Forced Air, Natural Gas, Hot Water, Gas Water Heater
  • Electric Expense: 2038
  • Water Sewer Expenses: 5163
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 3
  • NumberOfHeatingUnits: 3
  • NumberOfCentralAirUnits: 2
  • NumberOfGasMeters: 11
  • NumberOfElectricMeters: 10
  • NumberofWaterMeters: 3
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 1315

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Rock Island

Lot Info

  • Lot Size: 141x53
  • Parcel #: 08-31-325-006

Rental Info

  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6466
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 63540
  • Resident Manager Expense: 7440
  • Annual Operating Expense: 34432

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,691 $65,592 $2,972 $62,620
2023 $6,691 $62,588 $2,836 $59,752
2022 $6,467 $57,229 $2,663 $54,566
2021 $5,879 $54,923 $2,556 $52,367
2020 $580 $53,584 $2,494 $51,090
2019 $5,578 $53,584 $2,494 $51,090
2018 $5,578 $52,533 $2,445 $50,088
2017 $5,402 $51,757 $2,409 $49,348
2016 $5,210 $50,742 $2,362 $48,380
2015 $4,995 $48,097 $2,239 $45,858
2014 -- $41,384 $2,214 $39,170
2013 -- $41,384 $2,214 $39,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2025 04/26/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $350,000 -- $65 / Sq Ft
Source: RMLS Alliance

Purchase History

Date Type Sale Price Title Company
Warranty Deed $205,000 Andich Stephen G
Warranty Deed $205,000 Andich Stephen G
Source: Public Records

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Source: RMLS Alliance

MLS Number: QC4262379

RMLS Alliance

APN: 08-31-325-006