242 46th St Moline, IL 61265
East End NeighborhoodEstimated payment $3,263/month
Highlights
- 1.87 Acre Lot
- Forced Air Heating System
- Wood Siding
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,971
Year Built
- Built in 1944
Lot Details
- 1.87 Acre Lot
- Lot Dimensions are 175 x 448
Home Design
- Gable Roof Shape
- Wood Siding
Interior Spaces
- 9,600 Sq Ft Home
- 1-Story Property
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 24 Units
Building Details
- Operating Expense $30,741
- Gross Income $162,840
- Net Operating Income $132,099
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $9,972 | $107,790 | $43,344 | $64,446 |
| 2023 | $9,510 | $103,050 | $41,438 | $61,612 |
| 2022 | $9,376 | $103,050 | $41,438 | $61,612 |
| 2021 | $9,344 | $98,424 | $39,578 | $58,846 |
| 2020 | $939 | $97,837 | $39,342 | $58,495 |
| 2019 | $9,232 | $95,544 | $38,420 | $57,124 |
| 2018 | $9,018 | $94,417 | $37,964 | $56,453 |
| 2017 | $8,818 | $92,475 | $37,183 | $55,292 |
| 2016 | $8,715 | $90,929 | $36,561 | $54,368 |
| 2015 | $8,531 | $89,059 | $35,809 | $53,250 |
| 2014 | -- | $90,645 | $36,447 | $54,198 |
| 2013 | -- | $90,645 | $36,447 | $54,198 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/15/2026 06/15/26 | Price Changed | $449,000 | -47.1% | $47 / Sq Ft | |
| 05/25/2026 05/25/26 | For Sale | $849,000 | +430.6% | $88 / Sq Ft | |
| 06/06/2014 06/06/14 | Sold | $160,000 | -28.9% | $19 / Sq Ft | View Prior Sale |
| 04/18/2014 04/18/14 | Pending | -- | -- | -- | |
| 11/20/2013 11/20/13 | For Sale | $225,000 | -- | $27 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12654741
APN: 08-34-211-001
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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