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    2424 40Th Ave Moline, IL 61265

    Sponsored
    For Sale
    $3,800,000

    Six-building complex, high rental income

    Property size:
    32,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a portfolio of six multifamily buildings located in Moline, Illinois, encompassing a total of approximately 32,480 to 40,000 square feet. Built in 1977, these properties are situated across multiple addresses in Moline and Silvis, within Rock Island County, and boast a combined substantial rental income, generating nearly $370,000 in gross revenue in 2023. The portfolio includes a mix of commercial and residential spaces, offering diverse income streams. The properties have seen a significant increase in occupancy rates under the current ownership. Furthermore, these well-maintained buildings represent a compelling investment prospect for those seeking a stable and profitable multifamily portfolio in a desirable location. The asking price for this entire portfolio is $3,800,000. The properties are offered for sale by owner. Specific addresses include 2424 40th Ave, 3902 25th St, 4002 25th St, 4004 25th St, 4006 25th St in Moline, and 729 11th St in Silvis, all within zip codes 61265 and 61282.

    Property Features for 2424 40Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    32,480 SF

    Building Details

    Year Built
    1977
    Buildings
    6

    HighLights

    • Six‑building multifamily portfolio in Moline & Silvis, IL, totaling approximately 32,480‑40,000 square feet.
    • Built in 1977, generating nearly $370,000 gross annual revenue (2023).
    • Mixed‑use properties offering diverse income streams.
    • High occupancy rates and well‑maintained buildings.
    • Asking price: $3,800,000.
    • Offered by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ephphatha Consulting Services Counselor Midwest Massage Therapy Massage Therapist Quad City Photo ... Entertainer Benton K. Johnson ... Counselor Comedy Hypnosis All ... Entertainment Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -90.5028231
    Latitude
    41.4718198

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    FAQs

    What type of property is this?
    Multifamily property - Six-building complex, high rental income
    Where is this multifamily property located?
    The property is located at 2424 40Th Ave Moline, IL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Six-building multifamily portfolio in Moline & Silvis, IL, totaling approximately 32,480-40,000 square feet.; Built in 1977, generating nearly $370,000 gross annual revenue (2023).; Mixed-use properties offering diverse income streams.
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    Moline, IL 61265
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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
    2424 40Th Ave Moline, IL 61265
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