For Sale
$292,500

2104 36Th St Rock Island, IL 61201

Solid Investment: 4 Units, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
133
This well-maintained four-unit apartment building presents a compelling investment opportunity in Rock Island, Illinois. Located at 2104 36th Street, this brick structure boasts a total of 3,376 square feet and offers ample parking with eight spaces, including covered off-street parking and convenient on-street options. Built in 1956, the property features four units, each equipped with two bedrooms, a full bathroom, a spacious living room, and a large eat-in kitchen. Residents enjoy shared laundry facilities and individual private storage located in the basement. Recent improvements include a roof replacement (on the building and garage) within the last two years, and updated siding on the carport. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $23,194, making it an attractive addition to any investment portfolio. The asking price is $292,500, and the property's APN is 16-01-443-002. This property is situated in Rock Island County, Illinois, with a zip code of 61201. Its prime location and desirable features make it an excellent choice for both seasoned investors and those new to the multifamily market. The property's solid construction and recent updates ensure minimal maintenance needs, maximizing potential returns. This is a turnkey investment ready for immediate income generation.

Highlights

  • $292,500 asking price for a four-unit apartment building.
  • 3,376 square feet multifamily property in Rock Island, IL.
  • $23,194 Net Operating Income (NOI).
  • Four (4) units, each with two bedrooms, one bathroom, eat-in kitchen, and living room.
  • Eight (8) parking spaces (off-street covered and on-street).
  • Built in 1956; roof and garage approximately 2 years old; updated carport siding.

Property Details for 2104 36Th St

Property type
Apartment buildings
Square Feet
3,376 SF
Year Built
1956
Units
4

Location Insight

City
Rock Island
County
Rock Island
State
Illinois
Latitude
41.4891793
Longitude
-90.5501864

FAQs

What type of property is this?
Apartment building - Solid Investment: 4 Units, Great Location
Where is the apartment building located?
The property is located at 2104 36Th St Rock Island, IL.
What is the asking price?
The asking price for this property is $292,500.
What are key features of this property?
This property features: $292,500 asking price for a four-unit apartment building.; 3,376 square feet multifamily property in Rock Island, IL.; $23,194 Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2104 36Th St
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