$1,650,000

Estimated payment $10,075/month

Total Views 6,408
-- Bed
-- Bath
31,248 Sq Ft
$53 Price per Sq Ft

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
  • Property fronts an alley

Home Design

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

Utilities

  • Window Unit Cooling System
  • Separate Meters

Community Details

Overview

  • 30 Units

Building Details

  • Electric Expense $8,080
  • Fuel Expense $8,080
  • Maintenance Expense $90,824
  • Trash Expense $2,865
  • Water Sewer Expense $17,371
  • Operating Expense $168,475
  • Gross Income $251,300
  • Net Operating Income $64,853

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,972

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Commercial
  • Year Built: 1927
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 1 BLOCK 1 MOLINE ON THE BLUFF ADD ALL EX W 60 & ALL EX W 60 OF N 30 L 2 & N 40 L 3
  • Information: Othr-Call List Agent
  • Estimated Age: Older
  • Actual Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 30
  • Ranges: 30

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block
  • Frontage Type: Alley Access, Paved

Utilities

  • Cooling: Window Unit(s)
  • Electric: Separate Meters

Fee Information

  • Trash Expense: 2865
  • Water Sewer Expenses: 17371

Lot Info

  • Lot Dimensions: 171'x204'x111'x115'x61'x9
  • Property Offered: For Sale Only

Rental Info

  • Tenant Pays: Other, Sewer
  • Board Number: 30

Building Info

  • BuildingAreaTotal: 31248

Multi Family

  • Net Operating Income: 64853
  • Fuel Expense: 8080
  • ElectricExpense: 8080
  • GrossIncome: 251300
  • Maintenance Expense: 90824
  • NumberOfUnitsTotal: 30
  • OperatingExpense: 168475

Tax Info

  • Tax Annual Amount: 17972

Map

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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: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4269326

Midwest Real Estate Data (MRED)

APN: 17-05-202-009