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18-Unit Brick Apartment Portfolio
For Sale
$1,200,000

2505 15th Street, Rock Island, IL 61201

Three buildings include varied apartment layouts, detached garages, off-street parking, and on-site laundry.

Property Size3,536 SF
Price / SF$339.37
Days on Market13

Property Features for 2505 15th Street

General Information

Standard status Active
Size 3,536 SF
Property subtype Commercial
Zoning MULTI

Units

Unit Mix 9 x 2BR apartments, 6 x 1BR apartments, 3 x efficiency
Multifamily Units 18

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $28,500

Amenities

on-site laundry

Building Details

Building Size 3,536 SF
Year Built 1952
Buildings 3
Stories 2
Units 18
Construction brick
Listing Agency: KW 1Advantage
Listed By: Brody Gober
Source: Fishmangroup
Added: Oct 12 Changed: Oct 23 Last Checked: Oct 23 at 4:36PM

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 KW 1Advantage

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Investment Insights

Based on property information with market context.

This multifamily portfolio comprises three brick apartment buildings with 18 rental units. The unit mix includes nine two-bedroom apartments, six one-bedroom apartments, and three efficiency units. Each building has a detached four-car garage, additional off-street parking, and on-site laundry facilities. All three buildings received complete roof replacements in September 2024.

The properties are at 2505, 2513, and 2514 15th Street in Rock Island, Illinois, and are being sold together as one package. Nearby context includes schools, hospitals, shopping, parks, and public transportation. The buildings were constructed in 1952 and are zoned MULTI.

Key Highlights

  • 18 rental units across three brick buildings
  • Unit mix: nine two‑bedroom apartments, six one‑bedroom apartments, and three efficiency units
  • Each building has a detached four‑car garage, off‑street parking, and on‑site laundry

Property Analytics

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

750
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

Frequently Asked Questions

What type of property is this?
Apartment building - Three buildings include varied apartment layouts, detached garages, off-street parking, and on-site laundry.
Where is this apartment building located?
The property is located at 2505 15th Street Rock Island, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 18 rental units across three brick buildings; Unit mix: nine two‑bedroom apartments, six one‑bedroom apartments, and three efficiency units; Each building has a detached four‑car garage, off‑street parking, and on‑site laundry
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