$236,000
SOLD FEB 7, 2025
-- Bed
-- Bath
4,873 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$48 Per Sq Ft

13% Below List Price

Highlights

  • 3 Car Detached Garage
  • Two Heating Systems
  • Level Lot

About This Home

As of February 2025

This 9 unit building has been in the family for 90 years! Talk about generational wealth building! 8 efficiency units all complete with stove, refrigerator, window a/c units and full bathroom. Main level units have patio and private entry. The top floor "Penthouse" is a 3 bedroom apartment that rents at $700 and is complete with stove, microwave, refrigerator, central air and forced air heat and full bath. 2 car garage is currently rented out at $125 per month. All 9 units currently rented with owner paying all utilities (gas, electricity and water). 8 efficiency units rents vary between $460 - $500. Coin operated laundry is owned by the owner and provides additional income. Per the seller the Roof was replaced in 2012. Squarefootage per recent appraisal. No showings without a LOI or Written Offer to Purchase with proof of funds/ bank pre-approval letter.

Last Agent to Sell the Property

Scott Egger

Ruhl&Ruhl REALTORS Moline Brokerage Phone: 563-441-1776 License #475.135231/S55828000 Listed on: 04/15/2024

Ruhl&Ruhl REALTORS Moline

Last Buyer's Agent

Chad Tiecke

Ruhl&Ruhl REALTORS Moline License #S67837000/475.195863

Ruhl&Ruhl REALTORS Moline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,278

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 64x143x55x143
  • Level Lot

Home Design

  • Stone Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 4,873 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Detached Garage
  • Parking Pad
  • On-Street Parking

Schools

  • Rock Island Academy Elementary School
  • Washington Middle School
  • Rock Island High School

Utilities

  • Two Heating Systems
  • Window Unit Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • John W Spencer Subdivision
  • Trash Expense $660

Listing and Financial Details

  • Tenant pays for no utilities
  • Assessor Parcel Number 07-35-432-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,278

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1909
  • New Construction: No
  • Structure Type: Two or More Story, Other
  • PricePerSqFt: 48.43
  • Attribution Contact: Customer: 563-441-1776
  • Special Features: None

Interior Features

  • Basement: Full
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Curbs & Gutters
  • Construction Type: Aluminum Siding
  • Foundation Details: Stone
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Detached, On Street, Parking Pad
  • Total Parking Spaces: 3

Utilities

  • Heating: Heating Systems - 2+, Gas, Central Air, Gas Water Heater, Window Unit(s)
  • Electric Expense: 5148
  • Water Sewer Expenses: 3228
  • Laundry Features: Owned Equipment
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 3
  • NumberOfCentralAirUnits: 1
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1
  • NumberOfRanges: 9
  • NumberofRefrigerators: 9
  • NumberOfWashers: 2
  • NumberOfDryers: 2
  • NumberOfDishwashers: 1
  • NumberOfWindowUnits: 8

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 150

Fee Information

  • Trash Expense: 660
  • AdvertisingExpense: 0

Schools

  • Elementary School: Rock Island Academy
  • High School: Rock Island
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size: 64X143X55X143
  • Parcel #: 07-35-432-012

Rental Info

  • Tenant Pays: No Utilities
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5100.68
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 56940
  • Annual Operating Expense: 15096

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jan 27, 2025
Sold by
Young Sandra L and Young Sandra J
Bought by
Timber & Tank Holdings Llc
Seller's Agent
Scott Egger
Ruhl&Ruhl REALTORS Moline
Buyer's Agent
Chad Tiecke
Ruhl&Ruhl REALTORS Moline
List Price
$269,900
Sold Price
$236,000
Premium/Discount to List
-$33,900
-12.56%
Current Estimated Value
$234,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,983
Avg. Annual Appreciation
-2.69%
Original Mortgage
$236,000
Outstanding Balance
$235,600
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$1,583
Source: Public Records

Range of Values:

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Average Value
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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 $236,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 Sold $236,000 -5.6% $48 / Sq Ft
08/14/2024 08/14/24 Price Changed $250,000 -7.4% $51 / Sq Ft
04/15/2024 04/15/24 For Sale $269,900 -- $55 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
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
2023 $5,278 $49,368 $2,753 $46,615
2022 $4,670 $45,006 $2,585 $42,421
2021 $4,624 $43,192 $2,481 $40,711
2020 $4,564 $42,138 $2,420 $39,718
2019 $4,560 $42,138 $2,420 $39,718
2018 $4,392 $41,359 $2,420 $38,939
2017 $4,253 $40,748 $2,384 $38,364
2016 $4,101 $39,949 $2,337 $37,612
2015 $3,933 $37,866 $2,215 $35,651
2014 -- $31,725 $2,190 $29,535
2013 -- $31,725 $2,190 $29,535
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4251700

RMLS Alliance

APN: 07-35-432-012