1301-1305 2nd Avenue Rock Island, IL ^$ 440,000

1301-1305 2nd Avenue

^$ 440,000

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1301-1305 2nd Avenue

Rock Island, IL, 61201

^$ 440,000

Bedrooms1 Baths0.0 Sq 9,312

Monthly Estimate*

^$ 2,778

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Multi-Family Home for sale in Rock Island, IL

for $440,000 with 1 bedroom. This 9,312 square foot home was built in 1874 on a lot size of 0.23.

Investor opportunity featuring 12 spacious one-bedroom, one-bathroom apartments and 6 garages in a highly accessible Rock Island location. The area is quiet and has several long term tenants - including a tenant that has been there for 25 years. The complex is situated just off major routes with convenient access to the Centennial Bridge, Highway 92, I-280, downtown Davenport and Rock Island. The property currently generates $6,285 per month. Three units are currently vacant, offering immediate opportunity to increase rental income and overall cash flow. Tenants pay water and sewer; owner pays gas, electric and garbage. Only vacant units will be shown for first showing.

Multi-Family Active

Price

^$ 440,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 18,328

Style

Multi-Family

Lot Size

0.23

Year Built

1874

Town/City

Rock Island

County/Region

Rock Island

MLS | Web ID

12758228

Features

General

Sewer Public Sewer

Cooling None

Zoning MULTI

Construction Materials Brick

Year Built 1874

Tenant Pays Sewer

Stories Count 3

Tax Year 2025

Current Use Multi-Family

Gross Income 104760

County Rock Island

Operating Expense 85628

Insurance Expense 15115

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 23411

Possible Use Multi-Family

Status Active

Directions North on 13th St property is on the corner of 13th St and 2nd Ave

City Rock Island

Number Of Units Total 12

MLS Area Rock Island

Lot Size Square Feet 10045

Tax Annual Amount 18328

Fuel Expense 20336

Additional Parcels Y/N N

Standard Status Active

Interior

Total Fireplaces 0

Exterior

Foundation Details Block

Building Area Total 9312

Lot Size Acres 0.23

Frontage Type City Street

* Excluded Features

List By

Milltown Realty, Llc

Broker

katy@milltownrealty.com

Affordability Calculator

$4,306

Per Month

Monthly Principal & Interest: $2,778
Monthly Property Taxes: $1,527
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 Rock Island, IL

Average List Price ^$212,823

Percent of Sale Price 52%

About Rock Island, IL

37,821 Population

-5% Since 2002

^$43,858 Median Income

38.09 Median Age

25% 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
9/15/2026	$440,000		Listed Price

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1301-1305 2nd Avenue, Rock Island, IL, 61201 is a Multi-Family Home for sale at $440,000 with 9,312 sqft and a lot size of 0.23. 1301-1305 2nd Avenue has 1 bedrooms, 0.0 baths, and was built in 1874. The property's zip code is 61201 which is in Rock Island, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 9/30/2026.

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1301-1305 2nd Avenue

Multi-Family Home for sale in Rock Island, IL

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