Seller's Agent in 2025
Alexander Kelly
NAI Ruhl Commercial Company
(309) 236-5489
1 in this area
81 Total Sales
3510 37th Ave Moline, IL 61265
Rockview Estates NeighborhoodEstimated Value: $752,787
8
Beds
--
Bath
1,088
Sq Ft
$692/Sq Ft
Est. Value
About This Home
As of October 2025Great opportunity to acquire an 8-unit brick building in the desirable Rock View Estates subdivision of Moline. Ideally located in the heart of town with easy access to John Deere Road and I-74, this property offers both strong current income and future upside. Property highlights include 8 spacious units, each approx. 1,088 SF. Floorplans feature 2 bedrooms, 2 baths, and large living rooms. Oversized sliding glass doors open to private porches with fantastic views. Each unit includes a garage stall with hallway storage and common area laundry. All units are fully occupied with long-term tenants and potential for rent increases over time. Excellent condo conversion candidate to align with neighboring buildings. Community designed for 55+ living. Landlord pays water and tenants pay G/E. Recent improvements include a newer roof and blacktop parking lot. This property combines immediate stability with long-term value-add potential-ideal for investors seeking a well-maintained asset in a strong location.
Last Agent to Sell the Property
NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 08/27/2025
Last Buyer's Agent
NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 08/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,131
Year Built
- Built in 1978
Lot Details
- 20,909 Sq Ft Lot
Home Design
- 1,088 Sq Ft Home
- Brick Exterior Construction
- Block Foundation
Utilities
- Central Air
- Separate Meters
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,450
- Fuel Expense $1,450
- Maintenance Expense $6,758
- Trash Expense $950
- Water Sewer Expense $2,300
- Operating Expense $24,847
- Gross Income $88,800
- Net Operating Income $42,822
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 27, 2025
Closed on
Oct 23, 2025
Sold by
Bought by
Seller's Agent
Alexander Kelly
NAI Ruhl Commercial Company
Buyer's Agent
Alexander Kelly
NAI Ruhl Commercial Company
List Price
$720,000
Sold Price
$650,000
Premium/Discount to List
-$70,000
-9.72%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,787
Original Mortgage
$1,329,284
Outstanding Balance
$1,329,284
Interest Rate
6.35%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $650,000 | None Listed On Document |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,329,284 |
Source: Public Records
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 |
|---|---|---|---|---|
| 10/24/2025 10/24/25 | Sold | $650,000 | -9.7% | $597 / Sq Ft |
| 09/06/2025 09/06/25 | Pending | -- | -- | -- |
| 08/27/2025 08/27/25 | For Sale | $720,000 | -- | $662 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Agents Affiliated with this Home
-
Alexander Kelly
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: QC4266941
APN: 17-10-324-002
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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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