1600 9th Street, Rock Island, IL

15.08% return

SP: $64,900

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Property Description

This inviting duplex is a fantastic opportunity for investors looking to add value and boost rental income. Each unit, a 1-bed, 1-bath, has the potential to rent at $650-$750/month with light touch-ups. The property’s solid structure and charming layout make it an attractive option for tenants. Located in a stable area and featuring spacious units, this property promises reliable cash flow and strong ROI. Minimal upgrades will unlock its full rental potential—don’t miss this income-generating gem!

Property Information

Listing statusActive
Property typeMulti Family
Total units2
Total bedrooms2
Total bathrooms2
Building size1407 sq. ft.
Lot size0.1 acres
Year built1909

CountyRock Island County
SubdivisionJ B Winter's 9th Street Addition
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas Furnace
CoolingWindow A/C

Property Financial Summary

Sale price$64,900
Estimated rehab¹$10,000
Total investment$74,900

TypeProforma
After repair value$99,900
Potential profit$25,000

Gross income (annually)$16,800
Operating expenses (annually)$5,502
Net income (annually)$11,298
Gross return22.43%

Gross income (monthly)$1,400
Operating expenses (monthly)$458
Net income (monthly)$942
Net return15.08%

Property Income & ExpensesMonthlyAnnual

Income

Unit 1: 1 bed / 1 bath$700/month$8,400/year
Unit 2: 1 bed / 1 bath$700/month$8,400/year
Total$1,400/month$16,800/year

Expenses

Property Taxes$92/month$1,102/year
Insurance (estimated)$100/month$1,200/year
Water and Sewer$100/month$1,200/year
Maintenance reserve$167/month$2,000/year
Total$458/month$5,502/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.