1001 14th StreetSilvis, IL 62182

Description

Turnkey investment opportunity! This well-maintained triplex has been proudly owned by the same family since 1977 and offers immediate cash flow with all three 2-bedroom, 1-bath units fully rented. Current rental income totals $2,600 per month, with rents of $800, $800, and $1,000. Tenants pay their own gas and electric, helping minimize owner expenses. One tenant has called the property home for 22 years, demonstrating the property's long-term rental appeal and stability. Two of the three units (1001 & 10011/2) have been thoughtfully updated with new windows, flooring, bathrooms, paint, and more, while the third unit offers the opportunity for future updates and additional value. Amenities include coin-operated laundry, private 3' x 5' basement storage areas for each tenant, and one off-street parking space per unit. Major improvements include a new roof and gutters (2020), new water heater (2023), new sump pump (2024), and new electric meters for each unit. Heat is provided by a boiler system with window A/C units. This solid, income-producing property combines decades of pride of ownership, numerous capital improvements, dependable long-term tenancy, and immediate cash flow-making it an outstanding addition to any investment portfolio. "all information is estimated and should be fully verified by buyers and buyers agents for full accuracy" Can be sold as a package with MLS 12716005

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1977

Lot size

0.22 acres

Parking spaces

3

Days on market

102

MLS^® Listing#

12716027

Property Features

Heating

Steam

Basement

Unfinished · Partial

Parking

Off Street

Lot features

Level

Construction

Brick

Foundation

Concrete Perimeter

Roof

Asphalt

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$4,472Tax year 2025

Parcel number

1805112001

Directions

Take Crosstown to 14th St.