709 42nd Street

Rock Island, IL 61201

$375,000
Price
Beds
5,400 Sq. Ft.
$69 / Sq. Ft.
5,400
Sq. Ft.
$69
per Sq. Ft.

Description

Check out this exceptional investment opportunity featuring two duplexes and a fourplex (all on one parcel), for a total of 8 units in Rock Island. 7 of the 8 units are occupied. This property offers a mix of 2-bedroom (3) and 1-bedroom (5) units. Situated near parks and schools, residents enjoy convenient access to outdoor recreational activities and quality educational institutions. Whether you're an experienced investor or a first-time buyer looking to generate passive income, this property presents...Check out this exceptional investment opportunity featuring two duplexes and a fourplex (all on one parcel), for a total of 8 units in Rock Island. 7 of the 8 units are occupied. This property offers a mix of 2-bedroom (3) and 1-bedroom (5) units. Situated near parks and schools, residents enjoy convenient access to outdoor recreational activities and quality educational institutions. 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. With steady rental demand and potential for increased cash flow, this investment is poised to deliver solid returns. Property 709 has brand new A/C and duct throughout. 24 hour notice required to show. Unit Rent 709-vacant, 709 1/2-$650, 711-$575, 711 1/2-$475, 713-$600, 713 1/2-$695, 715-$650, and 715 1/2-$750.

Property Details for 709 42nd Street

Parking Total
8.0
Subdivision Name
Edgewood Park

Location

Listing Courtesy of Milltown Realty, LLC
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LISTING UPDATED: 05/14/2024 03:01 PM

Property Details for 709 42nd Street

StatusActive
MLS #QC4252496
Days on Market24
Taxes$5,938 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1919
Lot Size0.17 AC / 7,473 SF
CountyRock Island County

Location

Listing Courtesy of Milltown Realty, LLC
Add your commute

Building Information for 709 42nd Street

Stories-Residences8Year Built1919Building Size-Lot Size0.17 AC / 7,473 SF

Payment Calculator

$2,541 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,047

Property Taxes

$495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 709 42nd Street

Summary
Location and General Information
  • City: Rock Island
  • County Or Parish: Rock Island
  • Directions: From 7th Ave, Turn right onto 42nd St to property
  • Latitude: 41.503967
  • Longitude: -90.542568
  • MLSArea Minor: QCARA Area
  • Postal Code: 61201
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 08-31-325-006
  • Tax Annual Amount: $5,938
  • Tax Legal Description: Lot 7 Block C Edgewood Park Add W 12 Ft Lot 8 And All
  • Tax Year: 2022
School Information
  • High School: Rock Island
Parking
  • Parking Features: Guest Parking, On Street
Property
Lot Information
  • Structure Type: Two or More Story, Conversion, Duplex, Quadruplex, Other
  • Building Area Total: 5400.0
  • Lot Features: Corner Lot, Extra Lot, Level, Other
  • Lot Size Dimensions: 141x53
  • Number Of Units Total: 8
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1919
Utilities
  • Number Of Electric Meters: 10
  • Number Of Gas Meters: 11
  • Numberof Water Meters: 3
  • Water Sewer Expense: $5,088
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 1475
  • Roof: Shingle
  • Construction Materials: Stucco, Vinyl Siding
Interior Features
  • Basement: Full, None, Unfinished
  • Heating: Gas, Central Air, No Cooling, Gas Water Heater, Window Unit(s)
  • Laundry Features: Other
  • Number Of Central Air Units: 2
  • Number Of Dryers: 2
  • Number Of Heating Units: 7
  • Number Of Ranges: 8
  • Numberof Refrigerators: 8
  • Number Of Washers: 2
  • Number Of Water Heaters: 3
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $1,819
  • Gross Income: $48,832
  • Gross Scheduled Income: $48,448
  • Insurance Expense: $4,300
  • Maintenance Expense: $979
  • Manager Expense: $6,458
  • Net Operating Income: $-13,612
  • Operating Expense: $56,506
  • Advertising Expense: 0
  • Gas Expense: 1819
  • Misc Annual Income: 384
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 11
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 709 42nd 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 709 42nd Street

Taxable ValueLand$2,663Additions$54,566Total$57,229
Tax Record2022$5,938 ($495 / month)
Home Facts
Beds0StyleSingle Family ResidenceZoningRICountyROCK ISLANDAPN08-31-325-006

Schools near 709 42nd Street

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

Washington 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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709 42nd Street is a multi-family home for sale in Rock Island, IL 61201. This property was listed for sale on May 9, 2024 by Milltown Realty, LLC, it's currently listed at $375,000. It has been on the market for a total of 24 days and was last sold on October 6, 2021. This listing's school district is Rock Island School District 41. Nearby schools include Longfellow Elementary School, Washington Jr High School and Rock Island High School. 709 42nd Street is a 0-bed, 0-bath, 5,400 sqft multi-family home built in 1919.

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 Milltown Realty, LLC

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.