242 46th Street, Moline, IL 61265
Rock Island County
Key Facts
Description
Incredible investment opportunity in Moline! This expansive multi-family property features a solid rental history with long-term tenants already in place, situated on a generous 1.81-acre parcel with ample land offering excellent future development potential. Offering a park-like setting with optimal off-street carport parking, this unique 25-unit apartment community features highly efficient studio layouts. Units include a private entrance, full kitchen setup, and a rental structure historically built around an all-utilities-included format for low vacancy rates. Perfectly positioned just off Avenue of the Cities, this property offers incredible proximity to local dining, shopping centers, public transit, and major Quad Cities routes. Sold as-is, Buyers and/or buyers agents to verify all facts, details, features and measurements of the property. DO NOT DISTURB TENANTS. 24hour notice required.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1944
Stories
1
Living Area
9,600 sq ft
Lot Size
1.87 acres
Lot Dimensions
175 x 448
Days on Market
28
MLS® Listing#
12654741
Property Features
Cooling
Financial Details
Annual Taxes
$9,971
Tax year 2025
Parcel Number
08342110010000
Directions
From 4th Ave, turn north onto 46th St, and the property 242 46th St
Affordability Calculator
$89,800
Estimated monthly payment
$2,390/mo
Principal $359,200 · Est. interest $501,116 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Moline, IL
- 44
- Median Days on Market
- 1,307
- Median Sq Ft
- $118
- Median Price / Sq Ft
- 126
- Active Listings
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Moline, IL.
Location
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Points of Interest in Moline, IL
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 640 18TH Avenue, East Moline, IL | $315,000 | 3 | 3 | 1,792 |
| 0 Illinois Highway 92 Lot 11-14, East Moline, IL | $320,100 | — | — | — |
| 0 52nd Avenue, Moline, IL | $325,000 | — | — | — |
| 1881 30TH Avenue, East Moline, IL | $325,000 | — | — | 2,472 |
| 0 52ND Avenue, Moline, IL | $325,000 | — | — | — |
| 1623 15TH Street, Moline, IL | $325,000 | — | — | 10,455 |
Moving Cost Estimate
EXIT Agents in Moline
Listing Courtesy: Epique Realty Inc - 8888933537
Last Updated: 2026-05-25