1546 12Th Ave Moline, IL 61265
This exceptional investment opportunity presents a four-unit apartment building located at 1546 12TH Avenue, Moline, Illinois, 61265. The property, built in 1898, boasts a total of 2,370 square feet spread across two stories. Currently, all four units are occupied, generating immediate income for the new owner. Each unit is a one-bedroom apartment. The property includes convenient on-site common laundry facilities for residents. Significant updates have been made, including a substantial upgrade to the electrical service (300 amp service), HVAC systems, and plumbing. Ample parking is available with eight spaces provided for residents and guests. The property's APN is 17-05-206-004. This turnkey property is offered at an asking price of $280,000 and represents a strong value in the Moline, Illinois market. The property is situated in Rock Island County and presents a rare opportunity to acquire a well-maintained, income-producing multifamily asset with significant recent improvements. This is an ideal investment for those seeking immediate cash flow and long-term appreciation potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.