5529 34th a

5529 34th ave , Moline, IL 61255

  • For Sale $700,000
  • Property Type Multi-Family
  • Units 12
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 12
  • Building Class C
  • Year Built 1979
  • Date Updated May 9, 2024
**Moline, Illinois: A Keystone in the Quad Cities** Nestled in the heart of the Quad Cities, Moline, Illinois, is a vibrant city that boasts a rich blend of culture, history, and economic vitality. As one of the key cities in the Quad Cities MSA, Moline offers a strategic location that combines the charm of small-town living with the benefits of a metropolitan area. The city is on the majestic Mississippi River, providing stunning waterfront views and abundant recreational opportunities, including biking, hiking, and fishing. Moline is noted for its robust economy, anchored by manufacturing giants and a growing sector of small businesses and tech startups. The city’s downtown area has undergone significant revitalization, presenting attractive amenities such as boutique shops, fine dining, and cultural institutions like the renowned Quad City Symphony Orchestra. Residents benefit from excellent educational institutions, well-maintained parks, and various community events that enhance their quality of life. The city's strategic location offers easy access to major highways and the Quad City International Airport, facilitating business and leisure travel. This 12-unit property in Moline represents a prime investment opportunity in an area known for its steady rental demand and strong community ties. It is ideal for those looking to invest in a stable and growing market.Introducing a unique investment opportunity in the Quad Cities, an economically robust region straddling Illinois and Iowa. This portfolio comprises two multifamily properties, totaling 18 units, positioned in prime locations that promise consistent cash flow and appreciative value. This portfolio presents a strategic acquisition opportunity in a high-demand market. Property Details: 5529 34th Avenue, Moline, Illinois - offered at $700.000 Structure: 12-unit building Unit Mix: All units are two-bedroom, one-bath Built: 1979 Highlights: This property offers spacious units with stable cash flow and excellent upside on rent growth. This property can be offered as a portfolio sale, along with a 6-unit property at 1208 13th Street East Moline, Illinois, listed at $170,000. Market Advantages: The Quad Cities market is noted for its economic resilience and growth, bolstered by a diverse industrial base and significant educational institutions. With a cost of living 16% below the national average and a thriving job market, the area is attractive for young professionals and families. The strategic location halfway between Chicago and Des Moines enhances its desirability. Investment Potential: Both properties are well-maintained, offering immediate cash flow with potential for rental increases as the market strengthens. The existing tenant base is stable, reflecting the area's low vacancy rates and high demand for residential units.

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Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Dave Snehal, CCIM

eXp Commercial

(773) 230-8055

Location

Getting Around

  • Walk Score ®

    16/100 Car-Dependent
  • Transit Score ®

    34/100 Some Transit
  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Moline, IL
  • Neighborhood Greater Homewood
  • Zip Code 61255

Points of Interest

  • Phillips 66

    0.62 miles

  • Shell

    0.82 miles

  • BP

    0.83 miles

  • Hy-Vee Gas

    1.06 miles

  • Moline Food Gas and Liquor

    1.74 miles

  • Shell

    1.88 miles

  • Hy-Vee Gas

    2.10 miles

  • BP

    2.18 miles

  • 7-Eleven

    2.18 miles

  • BP

    2.60 miles

  • Parking Lot 3

    0.42 miles

  • Parking Lot 2

    0.52 miles

  • Parking Lot 4

    0.65 miles

  • Parking Lot 1

    0.81 miles

  • Cell Phone Lot

    2.74 miles

  • Long Term Parking

    2.85 miles

  • 34th Street Lot

    2.88 miles

  • Short Term Parking

    2.88 miles

  • Rental Cars

    2.89 miles

  • University Drive East Lot

    2.89 miles

  • Residence Inn

    0.79 miles

  • AmericInn by Wyndham Moline Airport/ Quad Cities

    2.15 miles

  • Motel 6

    2.33 miles

  • Best Western

    2.35 miles

  • Country Inn & Suites

    2.48 miles

  • La Quinta Inn

    2.52 miles

  • Motel 6

    2.57 miles

  • Quality Inn & Suites Moline - Quad Cities

    2.60 miles

  • America's Best Inn

    2.65 miles

  • Hampton

    2.73 miles

  • Oishii

    0.84 miles

  • Arby's

    0.88 miles

  • Village Inn

    0.94 miles

  • Dairy Queen

    0.97 miles

  • Panera Bread

    0.98 miles

  • Culver's

    0.98 miles

  • Jimmy John's

    1.21 miles

  • Applebee's

    1.37 miles

  • Subway

    1.39 miles

  • Rudy's Tacos

    1.42 miles

  • Jane Adamms Elementary School

    0.26 miles

  • Black Hawk College

    0.64 miles

  • Wells School

    0.78 miles

  • Black Hawk College Optional Education

    0.85 miles

  • Butterworth Elementary School

    0.89 miles

  • Villa Montessori School

    1.02 miles

  • East Moline Christian School

    1.15 miles

  • Black Hawk Area Education Center

    1.33 miles

  • Moline High School

    1.38 miles

  • Woodrow Wilson Middle School

    1.48 miles

Frequently Asked Questions

How much does 5529 34th a cost?

The space currently listed for sale at 5529 34th a asks for $700,000.

When was this property built?

5529 34th a was built in 1979.

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Contact Listing Broker

broker

Dave Snehal, CCIM

eXp Commercial

(773) 230-8055