1820 30th ST, Rock Island, IL 61201
1820 30th ST, Rock Island, IL 61201
1820 30th ST, Rock Island, IL 61201
1820 30th ST, Rock Island, IL 61201
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$ 2,850,000
Est. payment | /mo

44,200 SqFt


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$ 2,850,000
Est. payment | /mo
Save

44,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 44,200 sqft

Price per Sqft $64

MLS Listing ID 12799762

Year Built 1966

Annual Tax Amount $100,907

Tax Year 2025

Lot Size 1.950 Acres

Property Sub-Type Multi Family 5+

Property Description

Six-building, 56-unit multifamily portfolio in Moline and Rock Island offered at $2,850,000 (complete portfolio only), a 9.15 cap rate on 2025 NOI of $260,813. Buildings may also be purchased individually at the prices shown in each building's listing (MLS 12799155, 12799186, 12799085, 12799718, 12799698, 12799586). Owners prefer to sell the entire portfolio. Below-market rents offer upside. Sold as-is; inspections permitted but offers may not be contingent on inspections. No seller financing. Repair records before 2022 are not available. Full offering memorandum available on request. Seller is a trust and will convey by trustee's deed. Offers will be documented on Seller's form purchase agreement, available from the listing broker. Seller will provide a Trustee's Statement Regarding Condition of Property and the federal lead-based paint disclosure (all six buildings are pre-1978). The sale is exempt from the Illinois Residential Real Property Disclosure Act Please do not contact tenants, all showings through the listing agent.

Location

State IL

County Rock Island

Area Rock Island

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
Listed by Shawn Stuenkel of  Hawkeye Commercial Real Estate 

NEARBY PROPERTIES

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1820 30th ST