Off Market1113d on marketHistoric · 116 yrs
1216 16th St
Rock Island, IL, 61201 • 61201 • Rock Island County
$111,400
$40/sqft
2,791Sqft
1910Built
Property DNA
Character Home
Built 1910 · 116 years of history
Market activity
Demand and pricing signals for this listing
10 views
People checking out this listing
1113 days on market
Established listing
$40/sqft
Price per square foot
About this home
Multi Family · Built 1910 · Historic
Over 12% cap rate! Turnkey investment opportunity! This is an upper and lower conversion that is separately metered. Downstairs has a beautiful decorative fireplace, original woodwork, access to basement with laundry hookups. Both units are advertised as 2 bedrooms but really could be used as 3. In back is a large shed for tenants and a two car garage currently used by owner. there are two water meters but owner pays water. sewer and garbage and includes in rent. Need 24 hour to show. See attached investment analysis.
Estimated monthly payment
Based on current rates
$727/month
Principal & Interest$578
Property Tax$111
Insurance$37
Down payment20% ($22,280)
3%50%
Est. 6.75% rate · 30yr fixed · $89,120 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1910
ParkingNo Data
Property
Home typeMulti Family
Year built1910
Location & Tax
Neighborhood61201
Annual tax$2,419
Parcel1602203010
Listing insights
Market data and value estimates
StatusOff Market
Days on market1113
Est. value$111,400
Est. rent$1,150/mo
Tax rate2.41%
Price/sqft$40
Last sold$86,000
Tour days6
Views10
How are the schools in Rock Island?
3 schools rated nearby
Location
Rock Island, IL, 61201
Price history
8 events
DateEventPrice$/sqftSource
Mar 24, 2023Sold$86,000$31MRED as distributed by MLS GRID
Feb 8, 2023Pending Sale$89,000$32RMLS Alliance as distributed by MLS GRID
Feb 2, 2023Price Change$89,000$32RMLS Alliance as distributed by MLS GRID
Jan 11, 2023Price Change$92,000$33RE/MAX Central
Jan 11, 2023Price Change$91,900$33RMLS Alliance as distributed by MLS GRID
Dec 8, 2022Price Change$92,000$33RMLS Alliance as distributed by MLS GRID
Nov 7, 2022Listed For Sale$100,000$36RMLS Alliance as distributed by MLS GRID
Oct 28, 2004Sold$56,500$20Public Record
Sold$86,000
Mar 24, 2023•$31/sqft•MRED as distributed by MLS GRID
Pending Sale$89,000
Feb 8, 2023•$32/sqft•RMLS Alliance as distributed by MLS GRID
Price Change$89,000
Feb 2, 2023•$32/sqft•RMLS Alliance as distributed by MLS GRID
Price Change$92,000
Jan 11, 2023•$33/sqft•RE/MAX Central
Price Change$91,900
Jan 11, 2023•$33/sqft•RMLS Alliance as distributed by MLS GRID
Price Change$92,000
Dec 8, 2022•$33/sqft•RMLS Alliance as distributed by MLS GRID
Listed For Sale$100,000
Nov 7, 2022•$36/sqft•RMLS Alliance as distributed by MLS GRID
Sold$56,500
Oct 28, 2004•$20/sqft•Public Record
Tax history
23 years of records
YearTax paidAssessed value
Apr 11, 2024$2,419$23,709
Apr 11, 2023$2,337$22,623
Apr 11, 2022$2,179$21,002
Apr 11, 2021$2,158$20,156
Apr 11, 2020$2,130$19,664
Apr 11, 2019$2,128$19,664
Apr 11, 2018$2,652$24,979
Apr 11, 2017$2,569$24,610
Apr 11, 2016$2,477$24,127
Apr 11, 2015$2,375$22,869
Apr 11, 2014—$22,996
Apr 11, 2013—$22,996
Apr 11, 2012—$24,376
Apr 11, 2011—$22,408
Apr 11, 2010—$22,408
Apr 11, 2008—$21,968
Apr 11, 2006—$20,922
Apr 11, 2005$1,854$19,721
Apr 11, 2004$1,782$18,782
Apr 11, 2003$1,379$18,414
Apr 11, 2002$1,537$16,589
Apr 11, 2001$1,425$15,360
Apr 11, 2000$1,303$14,092
Nearby homes
Neighborhood details
Local context around this listing
Rock Island, IL • Rock Island County
Nearby cities
Coal ValleyEast MolineHamptonMilanMolineOrionPort ByronRock Island
Nearby zip codes
6120161204
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