1119 4th Ave, Rock Island, IL 61201

1119 4th Ave, Rock Island, IL 61201—commonly known as the Prestin Building—is a 3-story, 19-unit multifamily apartment building built in 1909, offering strong value-add potential for real estate investors. Sitting on a 0.5-acre corner lot at the northeast intersection of 11th Street and 4th Avenue, this 15,273-square-foot brick property presents an excellent cash-flow opportunity in the Davenport-Moline-Rock Island (Quad Cities) rental market. Property Overview & Investment Highlights - Diverse Unit Mix: Features a versatile layout typically configured as 10 one-bedroom units, 8 efficiency/studio units, and 1 two-bedroom unit to attract a wide tenant pool. - Interior Finishes: Units span roughly 500 square feet for studios, 600 square for 1 bedroom units and feature classic hardwood flooring. - Tenant Utilities: Units are individually metered for gas and electric, featuring energy-efficient baseboard heating and on-demand hot water. Tenants generally handle electric and stove gas. - Exterior Features: The property includes a large yard and dedicated off-street parking spaces. - Value-Add Potential: Historically operating at a steady occupancy rate, the building allows an investor to optimize cash flow through gradual unit renovations and lease-ups.