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$2,850,000
Est. payment /mo
44,200 SqFt
UPDATED:
Key Details
Property Type Multi 5 Units, Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 44,200 sqft
Price per Sqft $64
MLS Listing ID 12799762
Year Built 1966
Annual Tax Amount $100,907
Tax Year 2025
Lot Size 1.950 Acres
Property Sub-Type Multi Family 5+
Property Description
Six-building, 56-unit multifamily portfolio in Moline and Rock Island offered at $2,850,000 (complete portfolio only), a 9.15 cap rate on 2025 NOI of $260,813. Buildings may also be purchased individually at the prices shown in each building's listing (MLS 12799155, 12799186, 12799085, 12799718, 12799698, 12799586). Owners prefer to sell the entire portfolio. Below-market rents offer upside. Sold as-is; inspections permitted but offers may not be contingent on inspections. No seller financing. Repair records before 2022 are not available. Full offering memorandum available on request. Seller is a trust and will convey by trustee's deed. Offers will be documented on Seller's form purchase agreement, available from the listing broker. Seller will provide a Trustee's Statement Regarding Condition of Property and the federal lead-based paint disclosure (all six buildings are pre-1978). The sale is exempt from the Illinois Residential Real Property Disclosure Act Please do not contact tenants, all showings through the listing agent.
Location
State IL
County Rock Island
Area Rock Island
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shawn Stuenkel of Hawkeye Commercial Real Estate
NEARBY SCHOOL & BUSINESS
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