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Listing provided courtesy of KW 1AdvantageMREDas Distributed by MLSGrid- MLS# 12615503MLS Provider

2400 24th StreetRock Island, IL 61201

Multi-Family · 3 Beds · 0.54 Acres
$545,000 Active

2400 24th Street Overview

Time on Site:
81 days
Visits:
25

Start your dream business in Rock Island: a fully updated 5,600 square foot commercial/residential property with incredible potential. Whether you're looking for an income-producing investment or a spacious live/work setup, this versatile building offers endless possibilities. This property has been completely updated top to bottom including new 600amp electrical service, updated HVAC, plumbing, gas lines, water heater, flooring throughout, all remodeled bathrooms, and a brand-new roof. Additional upgrades include new garage door openers, flooring throughout, light fixtures, ceiling fans, and complete interior and exterior paint. The layout features 3 full bathrooms and one half bath, as well as three single-car garage bays-ideal for workspace, storage, or parking. The upper level offers a large apartment that could easily be converted into two separate units. It currently includes 2 to 3 bedrooms, two full bathrooms, and a washer and dryer. The main level has the potential for two to three commercial spaces, depending on how the space is utilized. The flat roof is ready for that amazing rooftop deck to be built for entertaining! This property sits on a large lot and is located near the hospital, Arsenal, and Augustana College, making it an excellent opportunity for Airbnb, office, retail, or residential rental. Whether you're an investor, entrepreneur, or someone looking for a large, flexible living space-this one's for you. List agent is related to seller.

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2400 24th Street Facts & Features

  • Type Multi-Family
  • Lot 0.54 Acres

Details

General

School Information

  • School District: 41

Income/Expenses

  • Electric Expense: 3600
  • Gross Income: 77686
  • Insurance Expense: 2800
  • Water Sewer Expense: 1600

Building Information

  • New Construction: No
  • Year Built: 1960

Location/Region

  • County Or Parish: Rock Island
  • MLS Area Major: Rock Island

Community/Development

  • Community Features: Sidewalks, Street Lights

Tax Information

  • Tax Annual Amount: $7,575.32
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 1611200007
  • Property Type: Residential Income
  • Special Listing Conditions: List Broker Must Accompany
  • Zoning: COMMR

Interior

Parking Information

  • Half Baths Building: 1
  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 3
  • Bedrooms Possible: 3
  • Full Baths Building: 3

General Information

  • Basement: Unfinished, Block, Partial
  • Foundation Details: Block
  • Heating: Natural Gas, Forced Air
  • Other Equipment: Internet-Fiber, Water Heater-Gas
  • Rooms Total: 15

Exterior

Parking Information

  • Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Circular Driveway, Parking Lot, Owned, Garage
  • Parking Total: 15

Lot Information

  • Lot Features: Backs to Trees/Woods, Level
  • Lot Size Acres: 0.54
  • Lot Size Dimensions: 150x157
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Vinyl Siding, Stucco
  • Roof: Flat

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 0
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 3
  • Baths Total: 2

2400 24th Street Neighborhood

Community

61201 (Rock Island) Demographics

36
Median Age
1,897
Population Density (per sq. mile)
31%
College Educated
$47,835
Estimated Median Income
9,569
Estimated Total Home Owners
6,059
Estimated Total Renters
61% / 39%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2400 24th Street Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2400 24th Street Market Data

Based on the last 30 days in this zip code

$160,282
Average List Price
$105
Average Price per Square Foot
31
Properties Sold
61
Average Days on Market
129
Properties for Sale
Calculations provided by Reliance Network

2400 24th Street History

Date Event Value Agent
4/15/2026Source: MRED Status Change
Active
4/14/2026Source: MRED Status Change
Active
4/10/2026Source: MRED Added to Database
April 10, 2026
4/9/2026Source: MRED Added to Database
April 09, 2026