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!
— the listing agent’s description
The home
Built in 1920
0.15-acre lot
Multi Family 5+
What it’ll cost
$4,306 taxes / yr
No HOA
Listed $190,000
Now $180,000
37 days on dwello
Estimated monthly payment
$1,369/mo
Principal & interest$957
Property taxes$359
Homeowners insurance$53
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