3525 38th Avenue

Moline, IL 61265

$299,900
Price
Beds
2,016 Sq. Ft.
$149 / Sq. Ft.
2,016
Sq. Ft.
$149
per Sq. Ft.

Description

Here is your chance to add substantial cashflow to your investment portfolio. Meticulously updated 6 unit multifamily investment property for sale in Moline IL. Great location just north of John Deere Rd with an ideal mix of shopping, entertainment, restaurants and easy access to the new I-74 bridge. Unit mix includes Four (4) 1bd/1ba units on the upper level and two (2) 2bd/1ba units on the main level. All units have been newly renovated, new roof 2023, newer water heaters, new decking for the second...Here is your chance to add substantial cashflow to your investment portfolio. Meticulously updated 6 unit multifamily investment property for sale in Moline IL. Great location just north of John Deere Rd with an ideal mix of shopping, entertainment, restaurants and easy access to the new I-74 bridge. Unit mix includes Four (4) 1bd/1ba units on the upper level and two (2) 2bd/1ba units on the main level. All units have been newly renovated, new roof 2023, newer water heaters, new decking for the second level 2022. Rents avg between $700-$825. Please contact listing agent for current rent-roll and financials.
  1. Listed by Jake Eikenberry • NAI Ruhl Commercial Company • Office: 563-355-4000

Property Details for 3525 38th Avenue

Parking Total
12.0
Subdivision Name
Vic Larsons

Location

Listing Courtesy of NAI Ruhl Commercial Company
Add your commute
LISTING UPDATED: 04/26/2024 03:01 PM

Property Details for 3525 38th Avenue

StatusActive
MLS #QC4248986
Days on Market151
Taxes$2,429 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1940
Lot Size0.59 AC / 25,700 SF
CountyRock Island County

Location

Listing Courtesy of NAI Ruhl Commercial Company
Add your commute

Building Information for 3525 38th Avenue

Stories-Residences6Year Built1940Building Size-Lot Size0.59 AC / 25,700 SF

Payment Calculator

$1,839 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$202

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3525 38th Avenue

Summary
Location and General Information
  • City: Moline
  • County Or Parish: Rock Island
  • Directions: 27th to 38th, W on 38th Ave
  • Latitude: 41.474187
  • Longitude: -90.491326
  • MLSArea Minor: QCARA Area
  • Postal Code: 61265
  • State Or Province: IL
  • Zoning: R2
Taxes and HOA Information
  • Additional Parcels Description: 17-09-415-010
  • Parcel Number: 17-09-419-002
  • Tax Annual Amount: $2,429
  • Tax Legal Description: Lot 2 Vic Larsons 1st Subd
  • Tax Year: 2022
School Information
  • High School: Moline
Parking
  • Parking Features: Oversized
Property
Lot Information
  • Structure Type: Two or More Story, Apartment Building
  • Building Area Total: 2016.0
  • Lot Features: Level
  • Lot Size Acres: 0.59
  • Lot Size Dimensions: 146x152x177x147
  • Number Of Units Total: 6
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Other,Tenant Lease(s)
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1940
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 6
  • Numberof Water Meters: 6
  • Water Sewer Expense: $0
  • Water Source: Private Well, Septic System
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 0
  • Roof: Composition
  • Construction Materials: Stucco
Interior Features
  • Basement: None
  • Heating: Gas
  • Laundry Features: None
  • Number Of Central Air Units: 2
  • Number Of Heating Units: 2
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Water Heaters: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $53,100
  • Gross Scheduled Income: $53,100
  • Insurance Expense: $2,000
  • Maintenance Expense: $2,655
  • Manager Expense: $5,310
  • Net Operating Income: $38,306
  • Operating Expense: $12,365
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • 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: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 3525 38th 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 3525 38th Avenue

Taxable ValueLand$1,007Additions-Total$1,007
Tax Record2022$90 ($8 / month)
Home Facts
Beds0Lot Size7,405 SqFtStyleResidentialZoningMOLCountyROCK ISLANDAPN17-09-415-010

Schools near 3525 38th Avenue

This home is within Moline Usd 40.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3525 38th Avenue is a multi-family home for sale in Moline, IL 61265. This property was listed for sale on December 11, 2023 by NAI Ruhl Commercial Company, it's currently listed at $299,900. This listing's school district is Moline Usd 40. Nearby schools include Roosevelt Elementary School, Woodrow Wilson Middle School and Moline Sr High School. 3525 38th Avenue is a 0-bed, 0-bath, 2,016 sqft multi-family home built in 1940.

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.

Listing Courtesy of NAI Ruhl Commercial Company

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.