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6-Unit Apartment Building
For Sale
$325,000

1907 16th Street, Silvis, IL 61282

Six multifamily units are offered with month-to-month occupancy and rear carport parking.

Property Size10,890 SF
Price / SF$29.84
Days on Market393

Property Features for 1907 16th Street

General Information

Standard status Active
Size 10,890 SF
Property subtype Multi Family 5+ / Multi Family 5+
Zoning R-3

Additional Details

Average Monthly Rent $850
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $11,131

Amenities

carports
Listing Agency: Hawkeye Commercial Real Estate
Listed By: David Levin · License #475.081178/B27165000
Source: Compass
Added: Aug 2, 2025 Changed: Aug 29 Last Checked: Aug 29 at 6:01PM

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 Hawkeye Commercial Real Estate

Investment Insights

Based on property information with market context.

This six-unit apartment property is configured for multifamily use, with all units currently leased on a month-to-month basis. Rear carports provide covered parking for residents, and the property is located at 1907 16th Street in Silvis, Illinois.

The property carries R-3 zoning and is offered for sale as an apartment building. Its month-to-month rental structure may provide operational flexibility for a new owner, subject to applicable requirements.

Key Highlights

  • Six‑unit multifamily property
  • All units leased on month‑to‑month rentals
  • Rear carports provide covered parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Building Supply HVAC Service

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

401
Businesses Nearby

Demographics for 61282, IL

8,278
Population
4,665
Households
1.8
Avg Household Size
42
Median Age
16%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
2,670
Density / Sq Mi
$67,833
Median Household Income
$38,285
Median Earnings
$977
Median Rent
$159,400
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?
Apartment building - Six multifamily units are offered with month-to-month occupancy and rear carport parking.
Where is this apartment building located?
The property is located at 1907 16th Street Silvis, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Six‑unit multifamily property; All units leased on month‑to‑month rentals; Rear carports provide covered parking
More about this property
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