Murphy Lofts



 

2207-2209 7th Ave, Rock Island

Units: 4 Owner Occupied
Investment: $635,000

Murphy Lofts are large, open Chicago-style loft condominiums. Murphy Lofts is a rare local landmark that was redeveloped to create four two-story, unique and spacious condominiums ranging from 2,010 to 2,250 square feet.

This project is located in the historic Broadway neighborhood district and rests near a prime gateway to Rock Island’s downtown arts and entertainment district. The four condominiums are two-stories ranging from 2,010 to 2,250 square feet.

When a for-profit developer was unable to complete the construction, the building and property were acquired by GROWTH through a reduced purchase price. GROWTH secured funding through Wells Fargo, completed the renovation, and subsequently sold all of the units.

Funding for the project was provided by the Illinois Housing Development Authority – Illinois Affordable Housing Tax Credit Program, National City Bank’s Community Development Corporation, the City of Rock Island, Wells Fargo, Bill Rowand, Jeff Dismer, and MWABank.

Features include:

  • master suite with walk-in closet and master bath
  • loft/office overlooking living room
  • stained concrete floors
  • fireplace
  • exposed brick and stone
  • industrial railings and exposed spiral duct work
  • ornamental iron fenced yard with landscaping
  • 2 car carriage-style garage

 
Interesting Fact: The Murphy House was originally constructed circa 1876-1877. It was formerly owned by and named after Anastasia Murphy, a well-known artist, pianist, and vocalist.