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Fully Occupied Quadplex with Garages
For Sale
$175,000

1228 24th Avenue, Rock Island, IL 61201

All units are occupied, with garage parking included.

Property SizeContact for details
Days on Market14

Property Features for 1228 24th Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Residential Income
Occupancy 100%

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,904

Building Details

Year Built 1964
Listing Agency: Currents and Keys Realty
Listed By: Sarah Perez
Source: Birdrealtysells
Added: Aug 17 Changed: Aug 28 Last Checked: Aug 28 at 11:32AM

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 Currents and Keys Realty

Investment Insights

Based on property information with market context.

This quadplex includes four residential units, all of which are currently occupied. The property also provides four garage spaces for resident parking. Built in 1964, it offers an established multifamily configuration with current rental occupancy.

Located at 1228 24th Avenue in Rock Island, Illinois, the property is near schools, shopping, dining, and other everyday amenities. Its four-unit layout and existing occupancy provide a straightforward profile for continued residential rental use.

Key Highlights

  • Four residential units, all currently occupied
  • Four garage spaces included
  • Built in 1964

Property Analytics

Current Use

Fischer Concrete Construction Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Electrical Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 61201, IL

37,366
Population
17,459
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
17.9 sq mi
ZIP Area
2,087
Density / Sq Mi
$57,260
Median Household Income
$34,541
Median Earnings
$822
Median Rent
$118,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - All units are occupied, with garage parking included.
Where is this quadplex located?
The property is located at 1228 24th Avenue Rock Island, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Four residential units, all currently occupied; Four garage spaces included; Built in 1964
More about this property
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