2505 15th Street

Rock Island, IL 61201

$1,125,000
Price
—
Beds
3,536 Sq. Ft.
$318 / Sq. Ft.
3,536
Sq. Ft.
$318
per Sq. Ft.

Description

Investment Opportunity: Turnkey Real Estate Package of (3) Brick 6-Plexes Exceptional investment opportunity in the heart of Rock Island, offering the chance to own (3) meticulously maintained brick 6-plexes. With a total of 18 units this portfolio presents an attractive blend of rental income potential & long-term value appreciation. Property Highlights: Each building within this portfolio has been impeccably maintained, reflecting the care and attention of the current owner. Each bldg features...Investment Opportunity: Turnkey Real Estate Package of (3) Brick 6-Plexes Exceptional investment opportunity in the heart of Rock Island, offering the chance to own (3) meticulously maintained brick 6-plexes. With a total of 18 units this portfolio presents an attractive blend of rental income potential & long-term value appreciation. Property Highlights: Each building within this portfolio has been impeccably maintained, reflecting the care and attention of the current owner. Each bldg features (3) two-bedroom units (2) one-bedroom units, and (1) efficiency unit. Additional Amenities: Each bldg features a 4 car detached garage & 3 off street parking spots & laundry facilities. Includes properties 2513 & 2514. No signs on the properties. Properties are located close to schools, hospital, parks, shopping, bus stops. With the buildings already in excellent condition and generating rental income, this investment opportunity is virtually turnkey. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a hassle-free investment, these properties offer an attractive proposition. Don't miss out on this rare chance to acquire a portfolio of (3) brick 6-plexes in exceptional condition, primed for continued rental income and take the next step towards building your real estate wealth.
  1. Listed by Diane Godwin-Luckey • RE/MAX Concepts Moline • digodwin@aol.com

Property Details for 2505 15th Street

Parking Total
12.0
Subdivision Name
Mississippi Heights

Location

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LISTING UPDATED: 06/01/2024 06:19 PM

Property Details for 2505 15th Street

StatusActive
MLS #QC4252506
Days on Market24
Taxes$24,484 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1952
Lot Size0.25 AC / 10,890 SF
CountyRock Island County

Location

Listing Courtesy of RE/MAX Concepts Moline
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Building Information for 2505 15th Street

Stories-Residences18Year Built1952Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$8,180 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$2,040

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2505 15th Street

Summary
Location and General Information
  • City: Rock Island
  • County Or Parish: Rock Island
  • Directions: 17th St to 25th Ave go (W) to 15th St go (L) to Properties
  • Latitude: 41.485519
  • Longitude: -90.576124
  • MLSArea Minor: QCARA Area
  • Postal Code: 61201
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 16-11-202-006 & 16-11-202-002
  • Parcel Number: 16-11-202-005
  • Tax Annual Amount: $24,484
  • Tax Legal Description: LOT 9 & LOT 10 & LOT 12 MISSISSIPPI HEIGHTS
  • Tax Year: 2023
School Information
  • High School: Rock Island
  • Middle Or Junior School: Edison
Parking
  • Parking Features: Detached
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 3536.0
  • Lot Features: Level
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 90x121x90x122
  • Number Of Units Total: 18
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1952
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 21
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 3
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: Full, Partially Finished, Walk Out
  • Heating: Gas, Radiant, Gas Water Heater, Window Unit(s)
  • Laundry Features: Common Area, Leased Equipment
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Heating Units: 3
  • Number Of Ranges: 18
  • Numberof Refrigerators: 18
  • Number Of Water Heaters: 3
  • Number Of Window Units: 18
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $143,130
  • Gross Scheduled Income: $143,130
  • Insurance Expense: $9,804
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $108,842
  • Operating Expense: $9,804
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Gas & Electric, Sewer, Water

Property History for 2505 15th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2505 15th Street

Taxable ValueLand$13,962Additions$61,140Total$75,102
Tax Record2022$7,682 ($640 / month)
Home Facts
Beds0Total Finished SqFt3,536 SqFtAbove Grade Finished SqFt3,536 SqFtStories2StyleSingle Family ResidenceYear Built1952ZoningRICountyROCK ISLANDAPN16-11-202-005

Schools near 2505 15th Street

This home is within Rock Island School District 41.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Frances Willard Elementary School
PublicK to 6

Edison Jr High School
Public7 to 8

Rock Island High School
Public9 to 12

Ricms
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2505 15th Street is a multi-family home for sale in Rock Island, IL 61201. This property was listed for sale on May 9, 2024 by RE/MAX Concepts Moline, it's currently listed at $1,125,000. It has been on the market for a total of 24 days and was last sold on November 3, 2000. This listing's school district is Rock Island School District 41. Nearby schools include Frances Willard Elementary School, Edison Jr High School and Rock Island High School. 2505 15th Street is a 0-bed, 0-bath, 3,536 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Concepts Moline

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.