Updated Triplex Investment
For Sale
Contact for pricing
1001 14th Street, Silvis, IL 62182
Three fully leased units with recent capital improvements, tenant-paid utilities, storage, laundry, and dedicated off-street parking.
Property SizeContact for details
Days on Market15
Property Features for 1001 14th Street
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Parking per Unit
1
Additional Details
Gross Income
$31,200
Amenities
coin-operated laundry
private basement storage
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Mel Foster Co. Davenport
(563) 370-3119
Listed By:
Lisa Carstens · License #S41251000/475.156328
Source:
Crexi
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 10:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mel Foster Co. Davenport
Investment Insights
Based on property information with market context.
This three-unit residential income property contains three 2-bedroom, 1-bath apartments, each with private basement storage measuring 3' x 5' and one off-street parking space. Two apartments have received updates including windows, flooring, bathroom improvements, and interior paint, while the remaining unit provides an unfinished update opportunity. Coin-operated laundry serves the property, and heating is supplied by a boiler system with window A/C units.
All three apartments are currently occupied. Tenants separately pay their gas and electric costs, and one resident has remained in place for 22 years. Capital improvements include a roof and gutters completed in 2020, a water heater installed in 2023, a sump pump added in 2024, and separate electric meters for each unit. Built in 1977, the property combines established tenancy with documented building upgrades.
All three apartments are currently occupied. Tenants separately pay their gas and electric costs, and one resident has remained in place for 22 years. Capital improvements include a roof and gutters completed in 2020, a water heater installed in 2023, a sump pump added in 2024, and separate electric meters for each unit. Built in 1977, the property combines established tenancy with documented building upgrades.
Key Highlights
- Three 2‑bedroom, 1‑bath units, all fully rented
- Two units updated with new windows, flooring, bathrooms, and paint
- Roof and gutters replaced in 2020
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully leased units with recent capital improvements, tenant-paid utilities, storage, laundry, and dedicated off-street parking.
Where is this triplex located?
The property is located at 1001 14th Street Silvis, IL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units, all fully rented; Two units updated with new windows, flooring, bathrooms, and paint; Roof and gutters replaced in 2020
