2403 5th Avenue

Moline, IL 61265

$250,000
Price
—
Beds
4,144 Sq. Ft.
$60 / Sq. Ft.
4,144
Sq. Ft.
$60
per Sq. Ft.

Description

Fantastic turn-key investment package! This parcel consists of two buildings. The first building is an up/down duplex, the second is a 4 unit building. A total of 6 units. Both buildings have been well maintained and updated, with no big capital expenditures needed. Most units have been upgraded with new kitchen cabinets and countertops within the last 5-10 years. Duplex has a shared boiler on a house gas account, but tenants pay all other utilities. 4 plex has 4 individual furnaces, tenants pay...Fantastic turn-key investment package! This parcel consists of two buildings. The first building is an up/down duplex, the second is a 4 unit building. A total of 6 units. Both buildings have been well maintained and updated, with no big capital expenditures needed. Most units have been upgraded with new kitchen cabinets and countertops within the last 5-10 years. Duplex has a shared boiler on a house gas account, but tenants pay all other utilities. 4 plex has 4 individual furnaces, tenants pay all utilities. Nothing left to do here except to sit back and collect rent. Long-term tenant base with extremely low turnover.

Property Details for 2403 5th Avenue

Parking Total
0.0
Subdivision Name
Dimock & Baldwin

Location

Add your commute
LISTING UPDATED: 03/22/2024 03:01 PM

Property Details for 2403 5th Avenue

StatusActive
MLS #QC4250851
Days on Market54
Taxes$4,100 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1900
Lot Size0.18 AC / 7,840 SF
CountyRock Island County

Location

Add your commute

Building Information for 2403 5th Avenue

Stories-Residences6Year Built1900Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$1,706 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$342

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2403 5th Avenue

Summary
Location and General Information
  • City: Moline
  • County Or Parish: Rock Island
  • Directions: From I74, East on 6th Ave. North on 24th St to property.
  • Latitude: 41.510404
  • Longitude: -90.503487
  • MLSArea Minor: QCARA Area
  • Postal Code: 61265
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 08-33-114-012
  • Tax Annual Amount: $4,100
  • Tax Legal Description: LOT 9 BLOCK 2 DIMOCK AND BALDWINS ADD
  • Tax Year: 2022
School Information
  • High School: Moline
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 4144.0
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.18
  • Lot Size Dimensions: 57x136
  • Number Of Units Total: 6
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Tenant Lease(s)
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 7
  • Number Of Gas Meters: 7
  • Numberof Water Meters: 2
  • Water Sewer Expense: $593
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Composition
Interior Features
  • Basement: Daylight, Full
  • Heating: Forced Air, Gas, Hot Water, Gas Water Heater, Window Unit(s)
  • Interior Features: Cable Available
  • Laundry Features: None
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 5
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Washers: 0
  • Number Of Water Heaters: 2
  • Number Of Window Units: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $43,320
  • Gross Scheduled Income: $43,320
  • Insurance Expense: $2,100
  • Maintenance Expense: $1,341
  • Manager Expense: $0
  • Net Operating Income: $34,820
  • Operating Expense: $4,400
  • Advertising Expense: 0
  • Gas Expense: 366
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Electricity, Sewer, Water
  • Annual Vacancy Factor: 5

Property History for 2403 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2403 5th Avenue

Taxable ValueLand$4,096Additions$40,791Total$44,887
Tax Record2022$4,084 ($340 / month)
Home Facts
Beds0StyleSingle Family ResidenceZoningMOLCountyROCK ISLANDAPN08-33-114-012

Schools near 2403 5th Avenue

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

Woodrow Wilson Middle School
Public6 to 8

Moline Sr High School
Public9 to 12

Moline High School At Coolidge Campus
Public8 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.

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2403 5th Avenue is a multi-family home for sale in Moline, IL 61265. This property was listed for sale on March 13, 2024, it's currently listed at $250,000. It has been on the market for a total of 54 days and was last sold on January 21, 2011. This listing's school district is Moline Usd 40. Nearby schools include Logan Elementary School, Woodrow Wilson Middle School and Moline Sr High School. 2403 5th Avenue is a 0-bed, 0-bath, 4,144 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.