NOT LISTED FOR SALE

5529 34th Ave Moline, IL 61265

8 Beds
4 Baths
10,080 Sq Ft
0.52 Acres

Last Sold July 02, 2021

Last sale price $650,000 $64 Per Sq Ft

40 Days on Market

About This Home

As of July 2021

Check out this fabulous 12 unit apartment building located in Moline with East Moline schools. The Gross Annual Income does not reflect all units together. The annual gross income is $94,200. Unit 8 is vacant at this time, and is being reskinned. All units are 2 Bd, 1 full bath and vary from $610-$750 a month. You'll find a parking slab and an 8-car carport for your tenants! There is a common laundry area with 2 washers and 2 dryers! Don't miss out on this fantastic investment opportunity!

Last Agent to Sell the Property

Richard Bassford

RE/MAX Concepts Bettendorf License #S42142000/475.142927 Listed on: 02/24/2021

RE/MAX Concepts Bettendorf

Last Buyer's Agent

Todd Ryckeghem

Milltown Realty, LLC License #475.182724

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,386

Year Built

  • Built in 1979

Lot Details

  • 0.52

Schools

  • United Township High School

Listing and Financial Details

  • Tenant pays for electric only, gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,386

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: LOT 2 RALPH MURPHY SUBDIVISION
  • Lvt Date: 02/24/2021
  • Year Built: 1979
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 12
  • Number Dryers: 2
  • Number of Ranges: 12
  • Number Refrigerators: 12
  • Number Washers: 2
  • Price Per Sq Ft: 64.48
  • Total Sq Ft: 10080

Exterior Features

  • Exterior: Brick
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Carport, Parking Slab
  • Number Parking Spaces: 18

Utilities

  • Heating Cooling: Forced Air, Gas, Central Air, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 960
  • Laundry Facilities: Common

Schools

  • High School: United Township

Lot Info

  • Estimated Lot Size: 20x262x94x62x186x95x119
  • Estimated Number of Acres: 0.525
  • Lot Description: Level
  • Subdivision: Ralph Murphy
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only, Gas & Electric
  • Gross Annual Rent Income: 32880
  • Lease Information: Various Terms
  • Management Expense: 6000

Tax Info

  • Annual Taxes: 12386.4
  • Parcel Id Number Tax Id: 17-11-227-003
  • Tax Year: 2019

Multi Family

  • Total Number Units: 12
  • Gross Annual Income: 32880
  • Total Number Central Air Units: 12
  • Total Number Electric Meters: 14
  • Total Number Gas Meters: 14
  • Total Number Heating Units: 14
  • Total Number Water Heaters: 14
  • Total Number Water Meters: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
Jun 30, 2021
Sold by
Acdc Investments Llc
Bought by
Vanderkooi Michael and Vanderkooi Nanette Joy
Seller's Agent
Richard Bassford
RE/MAX Concepts Bettendorf
Buyer's Agent
Todd Ryckeghem
Milltown Realty, LLC
List Price
$750,000
Sold Price
$650,000
Premium/Discount to List
-$100,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$86,231
Interest Rate
2.9%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Vanderkooi Michael $650,000 Mason And Scott Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanderkooi Michael $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $650,000 -7.1% $64 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/14/2021 03/14/21 Price Changed $700,000 -6.7% $69 / Sq Ft
02/24/2021 02/24/21 For Sale $750,000 -- $74 / Sq Ft
Source: RMLS Alliance

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 $16,925 $175,866 $15,601 $160,265
2023 $16,925 $161,940 $14,366 $147,574
2022 $15,545 $155,413 $13,787 $141,626
2021 $15,406 $148,579 $13,181 $135,398
2020 $12,448 $118,521 $12,961 $105,560
2019 $12,386 $116,655 $12,757 $103,898
2018 $19,528 $185,439 $12,565 $172,874
2017 $19,063 $182,519 $12,367 $170,152
2016 $18,524 $176,860 $11,984 $164,876
2015 $17,981 $172,850 $11,712 $161,138
2014 $4,341 $174,578 $11,829 $162,749
2013 $4,341 $174,578 $11,829 $162,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4219128

RMLS Alliance

APN: 17-11-227-003