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Sold on 03/31/2023
Starr Fell of eXp Realty

501-03 16th Ave, Moline, IL 61265

$118,000

Last sold 03/31/2023 for $88.1K

  • —

    bed

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    bath

Multi-family not for sale
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About 501-03 16th Ave

Property type Multi-family
Neighborhood
Year built 1874
HOA fee $0/month
Lot size 8,276 Sqft
Movoto estimate
Rental estimate
Property description
Great Investment Opportunity!! Duplex is currently rented out, so you can take over the lease and start getting paid on day one! This Home sits on a Large Double Corner Lot, with a shade tree in the front and lots of Sunny open grass areas in the the back to play ball. Unit 1 is all on the main level. Unit 2 features living space on the main level with 2 bedrooms on the upper level. This Home is in a convenient location and is within Walking Distance to Parks, Bakeries, Coffee Shops, Restaurants, Grocery Stores, Schools, Churches, etc... The floors and interior paint of this home has been recently updated. What a great time to take on this huge investment opportunity! *Interested Buyer's must Provide Proof of Funds/Preapproval & a Written Offer before viewing the home, so that we are not disturbing the tenants. Please view Pictures and Videos. Offer can be contingent on Buyer's inspection/viewing of the property.*
Listed by
Listing Agent - Starr Fell
Listing Office - eXp Realty
Source: MRED mls logo
MLS#QC4241440 • last updated 7 months ago
Movoto checked MRED for data 52 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # QC4241440
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.19
Property Tax $ 2784.12
Year Built 1874
Interior
Basement Full
Exterior
Construction Vinyl Siding
Other Structures On Street
Amenities / Utilities
Utilities Cable Available
Sewer/ Septic Desc Public Sewer
Water Source Public
Location
County Rock Island
Subdivision Old Towne
High School Moline
APN 17-06-211-009
Multifamily Details
Net Operating Income 15216
Gross Income 18000
$118K
Range: $95.5K-$140K
Last 30 days 
Rental est.: $795/month
Gross rent multiplier: 9.2 - Good
  • Apr 2023
    mls logo MLS # QC4241440
  • Apr 28, 2023 Sold
    $88,150 (-0.4%)
  • Mar 24, 2023 Listed
    $89,900 (+190.0%)
  • Apr 2023
    Public Records
  • Apr 17, 2023 Sold
    $88,500 (-1.6%)
  • Nov 2019
    Public Records
  • Nov 27, 2019 Sold
    $31,000
  • Year Property taxes Tax assessment
  • 2024
    $3,027 +2.5%
    $34,305 +4.6%
  • 2023
    $2,954 +5.7%
    $32,796 +6.82%
  • 2022
    $2,794 +0.3%
    $30,703 +4.7%
  • 2021
    $2,784 +895.0%
    $29,325 +0.6%
  • 2020
    $280
    $29,151
  • 501-03 16th Ave
    $88.1K
  • Old Towne
    $135K +4% y/y
  • 61265
    $165K +6% y/y
  • Moline
    $165K +6% y/y
No chart available
Statistics calculated by Movoto

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2/10
Lincoln-Irving Elementary School
public Grades PK, K-5
Moline Usd 40
2/10
John Deere Middle School
public Grades 6-8
Moline Usd 40
4/10
Moline Sr High School
public Grades 9-12
Moline Usd 40
Source: GreatSchools.org © 2026. All rights reserved.

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