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1106 29th Ave, Rock Island, photo 1
1106 29th Ave, Rock Island, photo 2
1106 29th Ave, Rock Island, photo 3
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1106 29th Ave

1106 29th Ave

Rock Island, IL 61201

Single FamilyCash FlowingNo Mortgage
Share price$46.97
Avg yield10.94%
Current yield10.94%
CommunityDiscuss this property with investors and the property manager

About

Single-family 1.5-story home located in Rock Island, Illinois in the Quad Cities on a 10,000 sq ft lot, featuring a formal dining room. The property is currently occupied on a 12-month lease from 04/01/2025 to 03/31/2026 at $1,375 per month, consisting of a $1,179 tenant portion, $96 Section 8 portion, and $100 in pet rent, with a $1,775 security deposit.

Property Management

M1 Homes LLC

Joshua D'Ariano, the owner of M1 Homes LLC, is a dynamic entrepreneur, real estate investor, and environmental advocate based in Tiffin, Ohio. He oversees a decamillion-dollar real estate portfolio and owns a diverse group of businesses both in the United States and abroad, including a popular café, a demolition company, a massage parlor, a mental health practice, and a ginseng farm. With a background in environmental policy, D'Ariano integrates sustainability into his ventures — tying profits to purpose. He is also the originator of the term and strategy swing trading real estate, a method he has been successfully applying since 2017. Through this innovative approach, he has consistently generated 60%+ average annual returns for himself and his investment fund. Among his many philanthropic efforts, D'Ariano has planted over 20,000 trees and purchased 200 acres of land in the Pantanal — the world's largest tropical wetland — which he donated to be converted into a national park. His work consistently supports causes like rainforest conservation and hunger relief, reflecting a values-driven, impact-focused approach to business.

About this offering

Total Property Value$82,732.16
Equity
$74,932
Debt
None
Closing Costs$1,200
LLC Formation$600
Operating Reserve
$10,505.66

The Market

Rock Island, IL

Rock Island sits on the Mississippi River in the Quad Cities and is home to the Rock Island Arsenal, one of the largest employers in the region, as well as Augustana College. Historic neighborhoods, a riverfront downtown, and easy bridge access to Davenport and Moline add to its appeal. Low home prices and stable employment support steady rental demand.

Property Updates

UpdateMar 11, 2026
  • This property received a Section 8 payment from Milltown covering the rent arrears.

  • The check totaled $4,693.46. The funds will be added to the Operating Reserve and are available to cover expenses immediately.

  • An insurance refund check of $73.27 was also received & will be added to the Operating Reserve as well.

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Share price

$46.9710.94% yield