Movoto Real Estate
Sold on 10/28/2025
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3510 37th Ave, Moline, IL 61265

  • $650,000

    Last sold 10/28/2025 after 62 Days

  • bed

  • bath

Multi-family not for sale
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About 3510 37th Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 0.48 Acre
Rental estimate
Property description
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.
Listed by
Listing Office - NAI Ruhl Commercial Company
Source: RMLS Alliance mls logo
MLS#QC4266941 • last updated 10 months ago
Movoto checked RMLS Alliance for data 18 minutes ago
Overview
Cooling/AC Central Air
Heating Natural Gas
Levels/Style Two Or More Story
MLS # QC4266941
Status Sold
SubType Residential Income
Lot Size (Acres) 0.48
Property Tax 21131
Year Built 1978
Interior
Laundry Common Area
Exterior
Foundation Block
Roof Shingle
Construction Brick
Parking Attached, Parking Garage, Common
# of Parking Spaces 8
Lot Features Corner Lot
Amenities / Utilities
Water Source Public
Location
Subdivision Rock View Estates
High School Moline
APN 17-10-324-002
Directions I-74, E. On John Deere Expressway, N. On 35th To 37th
Multifamily Details
Total # of Units 8
Net Operating Income 42822
Expense: Water/Sewer 2300
Expense: Operating 24847
Expense: Manager 4224
Expense: Maintenance 6758
Expense: Trash 950
Gross Income 88800
Expense: Electricity 1450
Gross Scheduled Income 86400
Rental est.: $794/month
Gross rent multiplier: 68.2
  • Oct 2025
    mls logo MLS # QC4266941
  • Oct 28, 2025 Sold
    $650,000
  • Sep 6, 2025 Pending
  • Aug 27, 2025 Listed
    $720,000 (+30.9%)
  • Oct 2025
    Public Records
  • Oct 24, 2025 Sold
    $650,000 (-9.7%)
  • Sep 2017
    Public Records
  • Sep 29, 2017 Sold
    $550,000
  • Year Property taxes Tax assessment
  • 2024
    $21,132 +6.6%
    $242,308 +8.6%
  • 2023
    $19,822 +10.9%
    $223,120 +12.01%
  • 2022
    $17,880 +0.4%
    $199,188 +4.6%
  • 2021
    $17,815 +0.5%
    $190,428 +1.7%
  • 2020
    $17,725
    $187,245
  • 3510 37th Ave
    $650K
  • Rockview Estates
    $210K +68% y/y
  • 61265
    $165K +6% y/y
  • Moline
    $165K +6% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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