$1,650,000

Estimated payment $10,195/month

Total Views 42
6 Beds
-- Bath
31,248 Sq Ft
$53 Price per Sq Ft

Highlights

  • Corner Lot
  • High Speed Internet
  • Terraced Lot
  • Hot Water Heating System

About This Home

This turn key, cash flowing investment opportunity in the heart of Moline, the Wellington Apartments consists of 30 apartment units. This building has a fantastic blend of different sized apartments, consisting of (9) efficiencies, (10) one-bedroom units, (8) two-bedroom units, (2) three-bedroom units, and (1) four-bedroom unit. Local, professional management team can be kept in place or transitioned out at the time of sale.

Listing Agent

Shannon Lough

Milltown Realty, LLC License #475.154024/B63405000 Listed on: 11/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,972

Year Built

  • Built in 1927

Lot Details

  • Lot Dimensions are 171'x204'x111'x115'x61'x9
  • Corner Lot
  • Terraced Lot

Home Design

  • 31,248 Sq Ft Home
  • Brick Exterior Construction
  • Block Foundation
  • Rubber Roof

Bedrooms and Bathrooms

  • 6 Bedrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • 9 Parking Spaces
  • Alley Access

Schools

  • Moline High School

Utilities

  • Window Unit Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Moline On The Bluff Subdivision
  • Trash Expense $2,865

Listing and Financial Details

  • Assessor Parcel Number 17-05-202-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,972

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1927
  • New Construction: No
  • Structure Type: Apartment Building
  • Special Features: None

Interior Features

  • Basement: Daylight, Full, Partially Finished
  • Accessibility Features: Wide Hallways
  • Total Bedrooms: 6
  • Interior Amenities: Cable Available, High Speed Internet

Exterior Features

  • Lot Features: Corner Lot, Terraced/Sloping
  • Road Surface Type: Alley Paved, Paved
  • Construction Type: Brick
  • Foundation Details: Block
  • Roof: Rubber
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 9

Utilities

  • Heating: Natural Gas, Hot Water, Gas Water Heater, Window Unit(s)
  • Laundry Features: Owned Equipment
  • Water Source: Public Sewer, Public
  • GasExpense: 8080
  • NumberOfRanges: 30
  • NumberofRefrigerators: 30

Condo/Co-op/Association

  • Senior Community: No
  • DevelopmentName: Wellington Apartments
  • LawnSnowRemoval: 4225

Fee Information

  • Trash Expense: 2865
  • AdvertisingExpense: 3110

Schools

  • High School: Moline

Lot Info

  • Lot Size: 171'x204'x111'x115'x61'x9
  • Parcel #: 17-05-202-009

Rental Info

  • Tenant Pays: Other, Sewer, Water
  • Lease Term: Variable

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17972
  • TaxExemptions: None

Multi Family

  • Resident Manager Expense: 23420

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,972 $203,697 $31,899 $171,798
2023 $17,972 $194,739 $30,496 $164,243
2022 $17,719 $194,739 $30,496 $164,243
2021 $17,659 $185,997 $29,127 $156,870
2020 $17,746 $184,887 $28,953 $155,934
2019 $17,445 $180,553 $28,274 $152,279
2018 $17,042 $178,427 $27,939 $150,488
2017 $16,665 $174,757 $27,364 $147,393
2016 $16,469 $171,836 $26,907 $144,929
2015 $16,121 $168,302 $26,354 $141,948
2014 $3,927 $171,299 $26,823 $144,476
2013 $3,927 $171,299 $26,823 $144,476
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 For Sale $1,650,000 +58.6% $53 / Sq Ft
12/18/2012 12/18/12 Sold $1,040,500 -11.4% -- View Prior Sale
07/24/2012 07/24/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $1,175,000 -- --
Source: RMLS Alliance

Source: RMLS Alliance

MLS Number: QC4269326

RMLS Alliance

APN: 17-05-202-009