1930 9th Street, Rock Island, IL 61201

Units: 8
Price / Unit: $24,875
Est. Cap Rate: 21.01%
Est. GRM: 3.43

Property Overview

Fantastic investment opportunity in Rock Island! This fully rented multi-family property features compact, highly rentable 1-bedroom layouts boasting charming hardwood floors, vintage appeal, and abundant natural light. Maintained with a strong rental history, the building layout keeps operations streamlined with tenants paying their own electric utilities. Situated on a level corner lot with convenient transit access, it sits close to local shopping, dining, and regional schools. Perfect for adding immediate cash flow to a growing portfolio. DO NOT DISTURB TENANTS. 24hour notice required. Investor owned - 4 single family portfolio sale available. Buyers and/or buyers agents to verify all facts, details, features and measurements of the property.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income: $57,960
Reported Annual Expenses: $16,145
Estimated NOI: $41,815
Estimated Cap Rate: 21.01%
Estimated GRM: 3.43
Annual Taxes: $3,619 (2025)

Property Details

Units: 8
Building Size: 4,800 SF
Lot Size: 7,608 SF
Lot Acreage: 0.17
Lot Dimensions: 76 x 100
Stories: 2
Year Built: 1932
Building Age: 36-50 Years
Construction: Wood, Other
Roof: Flat, Gable
Zoning: OTHER
Parcel Number: 16034070410000

Operations & Utilities

Heating: Hot Water
Cooling: Window Unit(s)
Electric: Separate Meters
Documents Available: None Available

Location & Use

County: Rock Island
Market Area: Rock Island
Present Use: Multi-Family
Potential Use: Multi-Family
Frontage: City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.