Otto Nobis
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
EXCEPTIONAL 18-UNIT INVESTMENT OPPORTUNITY IN ROCK ISLAND! An outstanding opportunity to acquire a portfolio of THREE solid brick 6-plex buildings, offering a total of 18 rental units! This investment package features an attractive unit mix of (9) two-bedroom apartments, (6) one-bedroom apartments, and (3) efficiency units, providing diverse rental options and multiple income streams. MAJOR CAPITAL IMPROVEMENT! All three buildings underwent COMPLETE ROOF TEAR-OFFS AND REPLACEMENTS IN SEPTEMBER 2024, providing investors with the added benefit of recently installed roofs! Each building features a four-car detached garage, additional off-street parking, and on-site laundry facilities, offering additional amenities and income potential. Conveniently located near schools, hospitals, shopping, parks, and public transportation, these properties offer accessibility for tenants. With durable brick exteriors, an established rental configuration, and significant recent capital improvements, this portfolio presents an exceptional opportunity for investors looking to expand their holdings or establish a substantial multifamily investment presence in the Quad Cities. 18 UNITS. THREE BUILDINGS. ONE INCREDIBLE INVESTMENT OPPORTUNITY! Portfolio includes 2505, 2513, and 2514 15th Street, Rock Island. Properties sold together as a package.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,536
County: Rock Island
Listed By:
KW 1Advantage
563-345-6520
MRED MLS
MLS ID: 12783000
Shown By
Get in Touch
Shown By
Contact an agent to learn more about
2505 15th Street , Rock Island, IL 61201.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,200,000 | $1,200,000 | $1,200,000 |
| Down Payment | $42,000 | $0 | $240,000 |
| Monthly Mortgage Amount | $7,938 | $8,362 | $6,630 |
| Taxes | $1670 | $1670 | $1670 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $721 | $0 | $0 |
| Monthly Estimated Total | $10,679 | $10,382 | $8,650 |
About this area
About Rock Island
Historic, culturally vibrant, and situated right next to the world-famous Mississippi River, Rock Island is one of the Quad Cities along with Moline, East Moline, and the Iowa cities of Davenport and Bettendorf. With the wide variety of housing options available throughout the area, whether you’re looking to move into a historic home, a new downtown condo, a shiny new spot in the heart of the city (lovingly referred to as “The District”) or prefer a quieter homestead away from it all, Rock Island has a property for you.
Rock Island is everybody’s hometown. Nestled between the Rock River and the Mississippi River, residents are welcoming, and visitors feel like they’re home as soon as they get here. The Quad Cities connect residents to a variety of opportunities for both work and play. The city’s small-town feel and connected community make moving here a breeze—locals are happy to share their favorite places to visit and are always willing to lend a helping hand.
When you buy a home here, you can immerse yourself in the natural beauty along the Mississippi River and explore the many outdoor attractions this beautiful area has to offer. Rock Island has so much to see and do, which makes this one of the best places to buy a home.
Rock Island Community Information
The original Rock Island—from which the city gets its name—is the largest island on the Mississippi River. It is now called “Arsenal Island” and it houses the Rock Island Arsenal—the largest government-owned weapons manufacturing arsenal in the U.S. (which also employs over 6,000 people). The city’s population has reached about 40,000 and has a total metropolitan area of almost 400,000.
As one of the first settlements established in the region, and then later, a growing hub for steamboat traffic, bridges, and railroads—Rock Island never stopped its upward trajectory or lost its pioneering spirit. Many families and young professionals call Rock Island home. It’s the perfect place to spread wings and explore all that Quad Cities have to offer.
There are four major districts in Rock Island—The Downtown Rock Island District, College Hilltop, Watch Hill & Hillcrest neighborhoods, and the Broadway Historic District. Visit the downtown area for murals, craft breweries, and a selfie in front of the Blues Brothers statue. College Hilltop has great antique and gift shops and is home to the Augustana College campus and of course, the QC’s Vikings. Watch Hill and the Hillcrest neighborhoods feature elaborate homes and architecture, and the Broadway Historic District is perfect for anyone looking to live in grand homes that feature Victorian architecture.
Schools & Education
The Rock Island-Milan School District, Rockridge School District, Augustana College, and many private schools serve area families. The Rock Island-Milan School District is home to more than 10 public schools, high schools, junior highs, and elementary schools, as well as alternative education centers. Private schools including Jordan Catholic Elementary School and Alleman Catholic High School also serve the region providing a multitude of different educational options for families and young professionals.
Employment Opportunities
Being part of the Quad Cities offers residents many opportunities for work in both Illinois and Iowa. The major private-sector employers in the area provide jobs, careers, and employment opportunities for residents across the QC’s six-county region and span multiple industries which continue to grow consistently and provide the integral foundation that makes the region what it is today. Some of the largest employers in the area include Rock Island Arsenal, Augustana College, Dohrn Transfer, Honeywell Safety Products and many more.
Things to Do in Rock Island
The downtown area is lined with art galleries, a casino, theaters, nightclubs, coffee shops, restaurants, and tons of shopping. Once you’ve gotten a feel for the city, get a feel for the beautiful nature surrounding it! Parks, golf courses, marinas, bike paths, festivals, the Quad City Botanical Center, and historic tours, should be next on your list to check out.
During the summertime, Schwiebert Park at the riverfront for daytime splashing through the fountains and free, family-friendly nighttime concerts are a popular favorite, and the Black Hawk State Historic Site and Broadway Historic District are some of the best places to get a true understanding of the area and its history. And don’t forget to visit the Longview Park Conservatory and Gardens in the spring—the colors are unbelievable!
Head to the Rock Island Public Library for exciting events all year long and the Boetje’s Mustard Factory for some treats. In the fall, head to the Chippiannock Cemetery for a spooky tour before popping over to Bally's Quad Cities Casino & Hotel for some non-stop gaming, luxury amenities, and world-class dining.
Some other signature events include the Ya Maka My Weekend and the annual bi-state St. Patrick’s Day Parade—one of the largest St. Patty’s Day parades of its kind in the country!
If you are ready to start your home buying or selling journey, browse the latest real estate listings in Rock Island, IL. You can also contact us—we are here to help!
Nearest Ruhl & Ruhl Office: Moline, IL
1701 52nd Avenue
Moline, IL 61265
(563) 441-1776
Otto Nobis
REALTOR®
Cell: (563) 340-9782
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: Licensed in IA & IL