NOT LISTED FOR SALE

Estimated Value: $128,000 - $177,000

5 Beds
4 Baths
2,588 Sq Ft
$60/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $144,000 $56 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,005/month

14 Days on Market

About This Home

As of August 2021

Well maintained 4 plex in historic Broadway District. 3 of the 4 units have long-term renters. One of the tenants is also in charge of grounds and maintenance (snow removal & mowing). Tenants are clean and quiet.

Last Agent to Sell the Property

Bob Kelly

Ruhl&Ruhl REALTORS Moline License #475.159417/B62643000 Listed on: 07/02/2021

Ruhl&Ruhl REALTORS Moline

Last Buyer's Agent

Kyle Robinson

Epique Realty License #S62397000/475.163000

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,052

Year Built

  • Built in 1904

Lot Details

  • 6,970

Home Design

  • Quadruplex

Schools

  • Rock Island Academy Elementary School
  • Rock Island High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for no utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,052

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Four-Plex
  • Legal Description: M Schnells Add Lot 3 Block 3
  • Year Built: 1904
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable Tv Available
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Basement: Full
  • Price Per Sq Ft: 55.64
  • Total Sq Ft: 2588

Exterior Features

  • Exterior: Wood Siding
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Detached
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Hot Water, No Cooling, Water Heater - Gas
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 1200
  • Gas Expense: 1500
  • Laundry Facilities: No Laundry Equipment
  • Water Sewer Expenses: 1600

Schools

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

Lot Info

  • Estimated Lot Size: 54 x 137
  • Estimated Number of Acres: 0.16
  • Lot Description: Level
  • Subdivision: Schnell
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: No Utilities
  • Gross Annual Rent Income: 26200
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 4051.8
  • Parcel Id Number Tax Id: 09-6007
  • Tax Year: 2020

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 26200
  • Total Number Electric Meters: 1
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 1
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Washington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Aug 18, 2021
Sold by
M & N Investments Of The Quad Cities Llc
Bought by
Rush Ontario
Seller's Agent
Bob Kelly
Ruhl&Ruhl REALTORS Moline
Buyer's Agent
Kyle Robinson
Epique Realty
List Price
$140,000
Sold Price
$144,000
Premium/Discount to List
$4,000
2.86%
Current Estimated Value
$155,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,977
Avg. Annual Appreciation
2.00%
Original Mortgage
$141,390
Outstanding Balance
$128,364
Interest Rate
2.5%
Mortgage Type
FHA
Estimated Equity
$27,613

Purchase Details

Closed on
May 13, 2019
Sold by
Pathway Holdings Llc
Bought by
M & N Investments Of The Qc Llc-914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2017
Sold by
Shafer Albert W and Shafer Lori A
Bought by
Pathway Holdings Llc
Source: Public Records

Range of Values:

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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
Rush Ontario $144,000 Bozeman Neighbour Patton & Noe
Rush Ontario $144,000 Bozeman Neighbour Patton & Noe
M & N Investments Of The Qc Llc-914 $112,000 Phares William T
M & N Investments Of The Qc Llc-914 $112,000 Phares William T
Pathway Holdings Llc -- Pepping Jerry J
Pathway Holdings Llc -- Pepping Jerry J
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rush Ontario $141,390
Previous Owner M & N Investments Of The Qc Llc-914 $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $144,000 +2.9% $56 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $140,000 -- $54 / 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 $4,685 $45,922 $2,933 $42,989
2023 $4,685 $43,819 $2,799 $41,020
2022 $4,146 $39,957 $2,628 $37,329
2021 $4,105 $38,346 $2,522 $35,824
2020 $4,052 $37,410 $2,460 $34,950
2019 $3,900 $37,410 $2,460 $34,950
2018 $3,900 $36,725 $2,460 $34,265
2017 $3,777 $36,183 $2,424 $33,759
2016 $3,642 $35,473 $2,376 $33,097
2015 $3,492 $33,624 $2,252 $31,372
2014 $812 $30,055 $2,226 $27,829
2013 $812 $30,055 $2,226 $27,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: QC4223591

RMLS Alliance

APN: 07-35-452-014