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    702 20Th Street Ct Rock Island, IL 61201

    Sponsored
    For Sale
    $550,000

    Charming Inn, 9BR/9BA, National Registry

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the iconic Victorian Inn, a National Registry property situated on a spacious corner lot in Rock Island, Illinois's Broadway Historic District. This remarkable three-story building, constructed in 1888, features two structures: the main house and a carriage house. The property boasts nine bedrooms and nine bathrooms, offering significant potential for various uses. Recent upgrades include a 50-year roof (installed 2013), a high-efficiency 50-gallon water heater (2020), and new hardwood flooring in the living room (2013). The home's original character shines through in details such as beveled glass front doors, a carved front staircase, and framed tapestries in the dining room. Copper gutters add to the property's classic charm. The expansive, wooded lot provides privacy and enhances the property's aesthetic appeal. This property is a rare find, offering a unique blend of history, elegance, and potential. The asking price is $550,000. The property is listed as a duplex/triplex/quadruplex, though it currently functions as a single unit. This is a truly unique opportunity to own a piece of Rock Island history.

    Property Features for 702 20Th Street Ct

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1888
    Buildings
    2
    Units
    1

    HighLights

    • Iconic Victorian Inn, National Registry property, corner lot in Rock Island's Broadway Historic District.
    • Three‑story building (1888), main house & carriage house, nine bedrooms, nine bathrooms.
    • Recent upgrades: 50‑year roof (2013), high‑efficiency water heater (2020), new hardwood flooring (2013).
    • Original details: beveled glass doors, carved staircase, framed tapestries, copper gutters.
    • Expansive wooded lot, $550,000 asking price, currently used as single‑family, zoned as multi‑family (duplex/triplex/quadruplex).
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.5723469
    Latitude
    41.5050266

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    FAQs

    What type of property is this?
    Multifamily property - Charming Inn, 9BR/9BA, National Registry
    Where is this multifamily property located?
    The property is located at 702 20Th Street Ct Rock Island, IL.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Iconic Victorian Inn, National Registry property, corner lot in Rock Island's Broadway Historic District.; Three-story building (1888), main house & carriage house, nine bedrooms, nine bathrooms.; Recent upgrades: 50-year roof (2013), high-efficiency water heater (2020), new hardwood flooring (2013).
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    702 20Th Street Ct Rock Island, IL 61201
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    Rock Island, IL 61201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 20Th Street Ct Rock Island, IL 61201
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