1214 2ND Avenue Silvis, IL ^$ 155,000

1214 2ND Avenue

^$ 155,000

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Recently Listed

1214 2ND Avenue

Silvis, IL, 61282

^$ 155,000

Studio Baths0.0 Sq 7,338

Monthly Estimate*

^$ 967

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Studio

Multi-Family Home for sale in Silvis, IL

for $155,000. This 7,338 square foot home was built in 1920 on a lot size of 0.15.

5-unit multi-family in Silvis with strong value-add potential! Includes three 2BR/1BA units and two 1BR/1BA units-2 on the main floor, 2 on the second, and 1 on the third. Two renovated units are tenant-occupied (one month-to-month, one on a new lease). Three vacant units need renovation, offering income upside. Exterior updates include new gutters, electrical/security lighting, main water shut-off, and cast iron stack repairs (2025). In 2024, the building received 3 new outside lower decks, foundation repair, new roof, and siding. East-side decks/stairs still needed for upper-unit access/egress. Parking slab for 4 vehicles. Conveniently located near Schadt Park and John Deere Expressway, with hilltop city views. Finish the remaining work and unlock the full income potential of this investment property!

Multi-Family Active

Price

^$ 155,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 4,037

Style

Commercial

Lot Size

0.15

Year Built

1920

Town/City

Silvis

County/Region

Rock Island

MLS | Web ID

QC4266981

Features

Interior

Basement Unfinished

General

Construction Materials Vinyl Siding

Year Built 1920

Electric Separate Meters

Current Use Commercial

Gross Income 14400

County Rock Island

Net Operating Income 1920

Operating Expense 8442

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 4665

Status Active

Directions 1st Avenue to 12th St. S on 12th St to 2nd Ave. House straight ahead on 2nd Ave. Parking in back.

City Silvis

Number Of Units Total 5

MLS Area Silvis

Tax Annual Amount 4037.76

Electric Expense 516

Fuel Expense 43

Trash Expense 852

Water Sewer Expense 2366

Standard Status Active

Exterior

Foundation Details Block

Building Area Total 7338

Lot Dimensions 50x134x50x133

Lot Size Acres 0.15

Frontage Type Alley Access Paved

* Excluded Features

List By

Re/Max Concepts Bettendorf

Broker

rich@thebassfordteam.com

Affordability Calculator

$1,303

Per Month

Monthly Principal & Interest: $967
Monthly Property Taxes: $336
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Silvis, IL

Average List Price ^$1,166,000

Percent of Sale Price 652%

About Silvis, IL

7,715 Population

5% Since 2002

^$46,753 Median Income

40.26 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/19/2025	$155,000		Listed Price

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1214 2ND Avenue, Silvis, IL, 61282 is a Multi-Family Home for sale at $155,000 with 7,338 sqft and a lot size of 0.15. 1214 2ND Avenue is a studio with 0.0 baths and was built in 1920. The property's zip code is 61282 which is in Silvis, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/31/2025.

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1214 2ND Avenue

Multi-Family Home for sale in Silvis, IL

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