Building Details

Year Built 1977

Stories 3

Listing Agency: RE/MAX Concepts Bettendorf r***@thebassfordteam.com Show Phone

Listed By: Richard Bassford · License #S42142000/475.142927 Show Phone

Source: Compass

Added: Sep 7, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:43AM

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Investment Insights

Based on property information with market context.

This six-property offering brings together 42 rental units across apartment and commercial components. The portfolio includes 35 apartments and 7 commercial suites, with every apartment currently rented and 5 of the 7 commercial suites occupied. The properties are located in Moline and Silvis, Illinois, and include 2424 40th Ave., 3902 25th St., 4002 25th St., 4004 25th St., and 4006 25th St. in Moline, along with the Silvis asset at 729 11th Avenue B Court. The Moline properties are situated near one another, while the Silvis holding adds a second location within the Quad Cities market. The buildings date to 1977.

Key Highlights

• 42 rental units across 6 income‑producing properties
• 35 apartments, all currently rented
• 7 commercial suites, with 5 occupied

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon HVAC Service Skin Care Clinic

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

35

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

431

Businesses Nearby

Explore this area Business Placement

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-property portfolio combines fully rented apartments with occupied commercial suites across Moline and Silvis.

Where is this apartment building located?

The property is located at 729 11th Avenue B Court Silvis, IL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: 42 rental units across 6 income‑producing properties; 35 apartments, all currently rented; 7 commercial suites, with 5 occupied