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    1211 16Th Ave Moline, IL 61265

    Sponsored
    For Sale
    $549,000

    Historic Moline duplex, excellent rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a charming 2-unit duplex located at 1211 & 1213 16TH Avenue in Moline, Illinois, 61265. Built in 1900, this property offers a blend of historical character and strong rental potential. The building is classified as Commercial, Apartment Building, and Duplex/Triplex/Quadruplex, reflecting its versatility and income-generating capabilities. The asking price is $549,000. Situated on a land parcel, this property combines the benefits of land ownership with established rental income. The property's location in Moline, Rock Island County, Illinois provides access to local amenities and a potentially strong rental market. The property's classification as multifamily and office suggests potential for diverse uses and tenant profiles. This is a rare opportunity to acquire a well-located, income-producing property with significant potential for future growth and appreciation. The property's age suggests the possibility of renovation or modernization opportunities to further enhance its value and rental income. This is an ideal investment for those seeking a hands-on approach to property management or a passive income stream. The property's two units offer a manageable size for investors seeking a balanced portfolio. Further due diligence is recommended to fully assess the property's potential.

    Property Features for 1211 16Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1900
    Buildings
    1
    Units
    2

    HighLights

    • $549,000 asking price.
    • Multifamily property (duplex/triplex/quadplex) with two units.
    • Located at 1211 & 1213 16TH Avenue, Moline, IL 61265.
    • Built in 1900, one building on the land.
    • Property includes land, retail, multifamily, and office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    L & W Bedding Mattress Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moline
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.519383
    Latitude
    41.497022

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    FAQs

    What type of property is this?
    Multifamily property - Historic Moline duplex, excellent rental income.
    Where is this multifamily property located?
    The property is located at 1211 16Th Ave Moline, IL.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: $549,000 asking price.; Multifamily property (duplex/triplex/quadplex) with two units.; Located at 1211 & 1213 16TH Avenue, Moline, IL 61265.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1211 16Th Ave Moline, IL 61265
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