NOT LISTED FOR SALE

Estimated Value: $752,787

8 Beds
-- Bath
1,088 Sq Ft
$692/Sq Ft Est. Value

Sale Details

Date Sold: October 24, 2025

Last sale price $650,000 $597 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,716 / mo

10 Days on Market

About This Home

As of October 2025

Great 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

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 08/27/2025

NAI Ruhl Commercial Company

Last Buyer's Agent

Alexander Kelly

NAI Ruhl Commercial Company License #475.134777/S60345000 Listed on: 08/27/2025

NAI Ruhl Commercial Company

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,131

Year Built

Built in 1978

Lot Details

0.48 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Commercial
  • Year Built: 1978
  • Legal Description: SUPVR ASST MAP LOT 325 SHEET 26 ROCK VIEW ESTATES 3RD ADD ROCK VIEW ESTATES 6TH ADD
  • Information: Othr-Call List Agent
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Block

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters

Fee Information

  • Trash Expense: 950
  • Water Sewer Expenses: 2300

Lot Info

  • Lot Size Acres: 0.48
  • Lot Dimensions: .48
  • Property Offered: For Sale Only

Building Info

  • BuildingAreaTotal: 1088

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 42822
  • Fuel Expense: 1450
  • ElectricExpense: 1450
  • GrossIncome: 88800
  • Maintenance Expense: 6758
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 24847

Tax Info

  • Tax Annual Amount: 21131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2025
Closed on
Oct 23, 2025
Sold by
Jka Holdings Llc
Bought by
Green Eagle Llc
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
$752,787

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
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Green Eagle Llc $650,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Green Eagle Llc $1,329,284
Source: Public Records

Property History

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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4266941

Midwest Real Estate Data (MRED)

APN: 17-10-324-002

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