1214 2ND Avenue
Silvis, IL, 61282
$180,000
3 Beds
5 Baths
0 SqFt
0.15 Acres
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MLS #MRD12696645 image #0
5-unit multi-family property in Silvis with excellent value-add potential! The building features three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with two units on the main floor, two on the second floor, and one on the third. Units A and B are currently tenant-occupied, generating $500/month and $675/month in rental income. Apartments C and D are actively being renovated, while the fifth unit (E) offers additional opportunity to increase value and income. Numerous improvements have already been completed, including all new furnaces (2018), a new roof, siding, three lower decks, and foundation repairs (2024), followed by new gutters, main water shut-off, cast iron stack repairs, and electrical/security lighting (2025). New 2026 updates include new sidewalks along the side and rear of the building, a new exterior deck and stairs serving Apartments C and D, new windows throughout Apartment D, new hallway staircase windows, and two new windows in Apartment C. (The deck serving Apartment E will need work.) Additional features include a parking slab for four vehicles and a convenient location near Schadt Park and the John Deere Expressway with hilltop city views. Continue the renovations and unlock the full income potential of this investment property!

Property Details

Price:
$180,000
MLS #:
MRD12696645
Status:
Pending
Beds:
3
Baths:
5
Type:
Commercial
Neighborhood:
silvis
Listed Date:
Jul 6, 2026
Total Sq Ft:
7,338
Lot Size:
6,686 sqft / 0.15 acres (approx)
Year Built:
1920
SilvisSilvis

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Wood, Vinyl Siding
Roof
Composition
Stories
2

Financial

Maintenance Fee
$4,665
Net Operating Income
$1,920
Tax Year
2025
Taxes
$4,306

Map

Community

Market Summary

Current real estate data for Commercial in Silvis as of Oct 11, 2026
8
Commercial Listed
62
Avg DOM
$179,200
Avg List Price

Property Summary

    1214 2ND Avenue Silvis IL is a Commercial for sale in Silvis, IL, 61282. It is listed for $180,000

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