242 46th St

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Description

Incredible investment opportunity in Moline! This expansive multi-family property features a solid rental history with long-term tenants already in place, situated on a generous 1.81-acre parcel with ample land offering excellent future development potential. Offering a park-like setting with optimal off-street carport parking, this unique 25-unit apartment community features highly efficient studio layouts. Units include a private entrance, full kitchen setup, and a rental structure historically...Incredible investment opportunity in Moline! This expansive multi-family property features a solid rental history with long-term tenants already in place, situated on a generous 1.81-acre parcel with ample land offering excellent future development potential. Offering a park-like setting with optimal off-street carport parking, this unique 25-unit apartment community features highly efficient studio layouts. Units include a private entrance, full kitchen setup, and a rental structure historically built around an all-utilities-included format for low vacancy rates. Perfectly positioned just off Avenue of the Cities, this property offers incredible proximity to local dining, shopping centers, public transit, and major Quad Cities routes. Sold as-is, Buyers and/or buyers agents to verify all facts, details, features and measurements of the property. DO NOT DISTURB TENANTS. 24hour notice required.
  1. Listed by Bryce Bowers • Epique Realty Inc
    P: (888)-893-3537 C: (309)-592-6830 agent@brycebowers.com

Property Details for 242 46th Street

Area
Moline
Township
Moline
Air Conditioning Type
Window Unit(s)
LISTING UPDATED: 06/15/2026 01:06 PM

Property Details for 242 46th Street

StatusPrice Change
MLS #12654741
Days on Market22
Taxes$9,971 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other / Multi Family 5+
Year Built1944
Lot Size1.81 AC / 78,656 SF
CountyRock Island County

Location

Listing Courtesy of Epique Realty Inc
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Building Information for 242 46th Street

Stories1Residences24Year Built1944Building Size-Lot Size1.81 AC / 78,656 SF

Payment Calculator

$3,068 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,237

Property Taxes

$831

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 242 46th Street

General Information
Location and General Information
  • Frontage Type: City Street, Paved
  • Information: 48-Hr Notice Required,Other-See Remarks,No Sign on Property,Profit & Loss Avalia
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Dryers: 1
  • Num of Baths: 0.0
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Size Source: County Records
  • Lot Dimensions: 175 x 448
  • Lot Size Square Feet: 78656.0
  • Stories: 1
  • Exterior Building Type: Wood
  • Construction: Wood
  • Roof Structure: Gable
  • Building Area Total: 9600
  • Conversion: N
  • MRD_UNC: Yes
  • Flood Zone: No
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Public Document Count: 5
  • Document Date: 2026-05-25T14:01:37
  • Photos Count: 40
  • Habitable Residence: Yes
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 24
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $162,840.00
  • Gross Scheduled Income: $162,840.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Expense Year: 2026
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Trash Expense Source: Actual
  • Total Monthly Income: 13570
  • Net Operating Income: $132,099.00
  • Operating Expense: $30,741.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 242 46th Street

DateEvent & SourcePriceAppreciation
Jun 15, 2026

Price Change

MRED #12654741

$449,000—
May 25, 2026

Listed (Active)

MRED #12654741

$849,000—
Jun 6, 2014

Sold

MRED #7030458

$160,000—
DateEvent & SourcePrice
06/15/2026

Price Change

MRED #12654741

$449,000
05/25/2026

Listed (Active)

MRED #12654741

$849,000
06/06/2014

Sold

MRED #7030458

$160,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 242 46th Street

Taxable ValueLand$43,344Additions$64,446Total$107,790
Tax Record2024$9,510 ($792 / month)
Home Facts
Total Finished SqFt8,314 SqFtAbove Grade Finished SqFt8,314 SqFtStories2StyleMiscellaneous CommercialYear Built1944ZoningMOLCountyROCK ISLANDAPN08-34-211-001

Schools near 242 46th Street

This home is within Moline Usd 40.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Benjamin Franklin Elementary School
PublicK to 5

Woodrow Wilson Middle School
Public6 to 8

Moline Sr High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

242 46th Street is a multi-family home for sale in Moline, IL 61265. This property was listed for sale on May 25, 2026 by Epique Realty Inc, it's currently listed at $449,000. It has been on the market for a total of 22 days and was last sold on June 6, 2014. This listing's school district is Moline Usd 40. Nearby schools include Benjamin Franklin Elementary School, Woodrow Wilson Middle School and Moline Sr High School. 242 46th Street is a 0-bed, 0-bath, multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Epique Realty Inc

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.