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.
We couldn't find any schools that service this home or are within 5 miles of this home.
Provided by GreatSchools
About East
End
East End, located between downtown Moline and the Rock River, is a residential and river-adjacent Moline neighborhood with bluff-top streets and pocket parks. The neighborhood’s character concentrates around the John Deere Commons corridor near 5th Avenue, where patios, galleries, and small-event energy spill onto the sidewalks. Brick and stone homes mix with tidy mid-century blocks, giving the streetscape a layered, lived-in look. The TaxSlayer Center and the iWireless Center plaza calendar keep evenings active without changing the calm of side streets. Riverfront paths and overlooks shape daily routines, from walks to casual meetups. Cafés and local dining around the Commons add a polished, low-key rhythm.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Forced air gas heating
Window air conditioning units
Laundry & utility
On-site laundry: 1 washer and 1 dryer
Heating & cooling
Forced air (gas) heating
Window unit cooling
Exterior features
City street frontage on a paved road
Lot dimensions approximately 175 x 448
Home design
Multi-family building (5+ units)
Gable roof
Construction
Built before 1978
Utilities
Electric service with circuit breakers
Financial info
24 total units
Gross income approximately $162,840 per year
Total monthly income approximately $13,570
Gross rent multiplier about 5.21
Other
Possession subject to tenants' rights
Electricity and solar
View estimated energy costs and solar savings for this home
Modernistic motel that is still operational. 24 units includes manager's living quarters. 12 buildings and 1.87 acres. Lot goes north to the railroad tracks. Some tenants have lived there for 12 years. Could be transformed into multi-family.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Rock Island County
APN
08-6284
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 1, 2026.
NC
Neighborhood Center District
The NC District is intended to provide areas for small scale commercial uses generally serving the needs of the surrounding residential areas consistent with the Mixed Use and Commercial Future Land Use Categories of the adopted Moline Comprehensive Plan. The District standards have been crafted and are intended to be implemented so that redevelopment and new development projects preserve and enhance the defining characteristics of the District.
Permitted uses
Include but are not limited to:
Agriculture-Other
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Infrastructure
Office
Public service
Recreation
Historical weather
Moline, IL • 61265
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Redfin Estimate for 242 46th St
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