$230,000
SOLD JUN 5, 2025

502 48th St Unit 2 Moline, IL 61265

-- Bed
-- Bath
1,616 Sq Ft
1954 Built

Recently Sold

$142 Per Sq Ft

17 Days on Market

Highlights

  • Corner Lot
  • Two Heating Systems
  • 5-minute walk to O'Brien Park
  • Forced Air Zoned Cooling and Heating System

About This Home

As of June 2025

No stone was left unturned on this fantastic Moline duplex! Owned & lived in by the same family since the 80s it has been meticulously taken cared of. The owners currently reside on the 504 side. Each unit is three bed & two bath. Finished basements. Siding, windows & roof 2009. 504 - Basement finished, livingroom painted, new flooring throughout & new AC 2020. Bathroom fully gutted & tiled 2011. Kitchen cabinets redone, new counter & flooring 2025. All appliances staying! (Stove 22, washer & dryer 23/24) furnace serviced yearly. 502 is currently leased to owners Mom in a month to month lease. Basement remodeled & finished 2009. New basement carpet 2021. Kitchen & bath remodeled 2019. This property has won the QC Home Improvement award in 09'. There are ample flowers & a great outdoor space to enjoy. The back patio was added in 2008. All measurements & information to be verified by buyer/agent.

Last Agent to Sell the Property

KayLa Forret-Munoz

HomeSmart Residential and Commercial Realty License #471.020260/B66441000 Listed on: 04/20/2025

Last Buyer's Agent

Sonia Berg

Ruhl&Ruhl REALTORS Moline License #S64472000/475.170029

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,437

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 60 x 141 x 199 x 78
  • Corner Lot
  • Level Lot

Parking

  • Parking Lot

Laundry

  • Laundry in unit

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Moline High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Other Tax Exemptions

Community Details

Overview

  • Mineral Spring Park Subdivision

Building Details

  • Electric Expense $90
  • Fuel Expense $90
  • Insurance Expense $1,200
  • Maintenance Expense $7,000
  • Water Sewer Expense $70
  • Gross Income $13,800
  • Net Operating Income $1,913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,437

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Mineral Spring Park
  • Year Built: 1954
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: OUTLOT 1 MINERAL SPRING PARK E 65.3 FT EXC S 291 FT
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Other Equipment: Sump Pump, Water Heater-Gas

Exterior Features

  • Construction Materials: Vinyl Siding
  • Lot Features: Corner Lot, Level

Garage/Parking

  • Parking Features: Garage Door Opener, Detached, Garage, Other, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Zoned
  • Heating: Forced Air, Natural Gas, Sep Heating Systems - 2+
  • Laundry Features: In Unit
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Water Sewer Expenses: 70

Schools

  • High School: Moline

Lot Info

  • Lot Dimensions: 60 x 141 x 199 x 78

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 1913
  • Fuel Expense: 90
  • Insurance Expense: 1200
  • ElectricExpense: 90
  • GrossIncome: 13800
  • Maintenance Expense: 7000

Tax Info

  • Tax Annual Amount: 3436.84
  • Tax Year: 2023
  • Tax Exemptions: Disabled Vet,Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2025
Closed on
Jun 4, 2025
Sold by
Estes Jonathan and Estes Tabatha
Bought by
Anderson Larry
Seller's Agent
KayLa Forret-Munoz
HomeSmart Residential and Commercial Realty
Buyer's Agent
Sonia Berg
Ruhl&Ruhl REALTORS Moline
List Price
$230,000
Sold Price
$230,000
Views
37
Current Estimated Value
$214,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,441
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $230,000 Advocus National Title Insuran
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2025 06/05/25 Sold $230,000 0.0% $142 / Sq Ft
05/07/2025 05/07/25 Pending -- -- --
04/20/2025 04/20/25 For Sale $230,000 -- $142 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $3,924 $52,977 $5,482 $47,495
2023 $3,924 $46,513 $5,241 $41,272
2022 $3,459 $46,513 $5,241 $41,272
2021 $3,411 $44,425 $5,006 $39,419
2020 $342 $44,160 $4,976 $39,184
2019 $3,609 $43,125 $4,859 $38,266
2018 $3,609 $43,786 $4,801 $38,985
2017 $3,517 $42,885 $4,702 $38,183
2016 $3,466 $42,168 $4,623 $37,545
2015 $3,381 $41,301 $4,528 $36,773
2014 -- $41,245 $4,522 $36,723
2013 -- $41,245 $4,522 $36,723
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4262438

Midwest Real Estate Data (MRED)

APN: 08-34-225-001