1211 48th Ave #26 · East Moline, IL 61244

$79,000

2 bd · 2.0 ba · 1,008 sqft · Condo public records · 28 Days on market

Built 1980 $225/mo HOA · 21% of rent

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.0/30.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• DSCR +3.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Newly refreshed and move-in ready, this garden-level 2-bedroom, 2-bathroom condo features brand-new flooring and fresh paint throughout. The functional layout includes a primary bedroom with a private ensuite and convenient coin laundry located in the hallway. Outside, the property provides a detached garage plus additional lot parking. The HOA offers a low-maintenance lifestyle by covering water, trash, snow removal, and lawn care. Offering great potential for both investors and primary homeowners, this turnkey unit combines modern updates with essential amenities.

Key facts

• Coin laundry
• Modern updates
• Private ensuite

Tags

• PRIVATE ENSUITE
• DETACHED GARAGE
• COIN LAUNDRY
• MODERN UPDATES

Property features AI

Finance

• HOA & community: Monthly association fee of $225; Association covers water, exterior maintenance, lawn care, snow removal, and other services; Pets allowed with limits (number/size) — max pet weight 35 lbs

Exterior

• Parking: Detached garage (garage owned) with garage door opener; Total 2 parking spaces (including 1 garage space); Additional parking lot and unassigned spaces
• Utilities: Public water; Public sewer
• Home design: Attached single condo; Single-story/main-level living; Unincorporated location
• Construction: Brick construction; Block foundation; Approximately 41–50 years old
• Exterior features: Level lot (condo setting)

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Kitchen on main level
• Bedrooms: 2 bedrooms (both on main level); Master bedroom on main level with full bath
• Flooring: Luxury vinyl in dining room, kitchen, living room; Carpet in master and secondary bedroom
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 5 total rooms
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $79k.

Deal economics

• At list price, monthly cash flow is $-33 ($-393/yr) — negative.
• To cash-flow at today's rent, offer at most $73k (7.3% below list).
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $73k (7.3% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 3.5% in East Moline — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#870 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
• United Twp Hsd 30 (suburban): math 12% / reading 15% proficiency, ranked #536 of 620 in IL (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: United Twp High School (math 12% / reading 15%, grade F, #498 of 693 statewide, top 72%, 1,789 students, 0% FRL).
• Market conditions: 124 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 116 units permitted in Rock Island County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Rock Island County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; HOA is 21% of rent.

Recommended offer $73,209 (7.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 5.79%
• Cash-on-cash: -1.78%
• DSCR: 0.92
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.34×
• Total profit: $-14,656
• Equity at exit: $11,779

10-year hold

• IRR: -10.7%
• Equity multiple: 0.34×
• Total profit: $-14,505
• Equity at exit: $6,830

Cash invested: $22,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61244

• Active inventory: 124
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,095 high
• Mortgage (P&I): −$414
• Tax from tax record: −$226 /mo · $2,711/yr
• Insurance: −$33
• HOA: −$225
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $-33

Break-even live

Break-even rent $1,137

Max offer price $73,209

Occupancy floor 98%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4700 7th St East Moline, IL	1.0–2.0	1.0	704	$1,222	$1.73	14d	15	0.47mi
1111 Avenue Of The Cities Unit 4102-1A R East Moline, IL	2.0	1.0	700	$820	$1.17	21d	1	0.62mi
4102 11th St Unit 1111-2D East Moline, IL	2.0	1.0	700	$820	$1.17	21d	1	0.63mi
4102 11th St Unit 4106-1D R East Moline, IL	2.0	1.0	700	$880	$1.26	21d	1	0.63mi
3500 70th St Moline, IL	1.0–2.0	1.0	707	$1,275	$1.80	14d	7	0.65mi
4000 Archer Dr East Moline, IL	2.0–3.0	1.0–1.5	933	$1,195	$1.28	14d	2	0.73mi
2101 7th St Silvis, IL	3.0	1.0–2.5	905	$1,655	$1.83	14d	17	0.96mi
3532 60th St Apt 5 Moline, IL	2.0	1.0	900	$850	$0.94	14d	1	1.26mi
3425 60th St Moline, IL	1.0–2.0	1.0–1.5	937	$1,260	$1.34	14d	6	1.31mi
3341 5th St Unit 1 East Moline, IL	2.0	1.0	850	$1,300	$1.53	21d	1	1.35mi
1810 14th St Silvis, IL	3.0	1.0	1100	$1,300	$1.18	14d	1	1.37mi
3402 56th Street Pl Unit 4 Moline, IL	2.0	1.0	800	$1,350	$1.69	21d	1	1.39mi
5511 34th Ave Fl apartment Moline, IL	2.0	1.0	800	$775	$0.97	21d	1	1.40mi

HOA detail condo

• Monthly dues: $225 · $2,700/yr
• Likely covers: watertrashlandscapingsnow removal
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $79,000 Active 28 DOM
2. 2026-06-17
   days on market $79,000 Active 27 DOM
3. 2026-06-16
   days on market $79,000 Active 26 DOM
4. 2026-06-15
   days on market $79,000 Active 25 DOM
5. 2026-06-14
   days on market $79,000 Active 23 DOM
6. 2026-06-13
   days on market $79,000 Active 22 DOM
7. 2026-06-10
   days on market $79,000 Active 20 DOM
8. 2026-06-09
   days on market $79,000 Active 19 DOM
9. 2026-06-08
   days on market $79,000 Active 18 DOM
10. 2026-06-07
    days on market $79,000 Active 17 DOM
11. 2026-06-02
    days on market $79,000 Active 12 DOM
12. 2026-06-01
    days on market $79,000 Active 11 DOM
13. 2026-05-31
    days on market $79,000 Active 10 DOM
14. 2026-05-30
    days on market $79,000 Active 9 DOM
15. 2026-05-20
    listed $79,000 Active
16. 2024-12-22
    historical $975
17. 2024-12-05
    listed $975
18. 2021-08-06
    historical
19. 1998-06-04
    soldstatus $55,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $2,711 · $226/mo
• Projected year-2 tax: $2,711 · $226/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,144
• − Mortgage interest: −$4,425
• − Property taxes: −$2,711
• − Insurance: −$395
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − HOA: −$2,700
• − Depreciation: −$2,298
• Taxable loss: −$1,488
• Est. tax savings @ 24.0%: +$357
• After-tax cash flow: $-36/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: United Twp Hsd 30
• NCES district ID: 1739870
• Math proficiency: 12% ▼ -5.00%
• Reading proficiency: 15% ▼ -6.00%
• Median HH income: $43,647
• Composite: 11.91/100
• National rank: #9670
• State rank: #536 of 620 in IL

Livability — East Moline

• Score: 62/100
• State rank: #870
• US rank: #16964

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment C- Housing A+ Health & safety F User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Moline, IL
• County: Rock Island County · 103,822 people
• City population: 23,308
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 23,308
• Household income: $63,819
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 746.0

Population outlook (Rock Island County) Hauer SSP2

• Today (2025): 140,982 people
• By 2030: 137,705 · -2.3%
• By 2040: 130,512 · -7.4%
• By 2050: 123,841 · -12.2%
• By 2075: 109,851 · -22.1%
• By 2100: 90,922 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 19% Black 18% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: English 3% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Canada, United Kingdom, Philippines
• Languages at home: 78% English-only · Spanish 12% French/Haitian/Cajun 3% Other Asian/Pacific 2%

Political lean MEDSL · Rock Island

• 2024 margin: Lean D (+9.6) · D 53.9% · R 44.4% · Other 1.7%
• 2008→2024 swing: -15.0pp toward R · 2008: 24.6pp · 2024: 9.6pp
• All cycles: 2024: D+9.6 2020: D+12.1 2016: D+8.4 2012: D+21.9 2008: D+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.05%
• Current HPI: 154.4012
• Rent YoY: —
• Metro: Davenport-Moline-Rock Island, IA-IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+43.6% since first listed

5 events — show timeline

• 2026-05-20 Listed $79,000 MRED as Distributed by MLS Grid
• 2024-12-22 Rental Removed $975 TURBOTENANT
• 2024-12-05 Listed for Rent $975 TURBOTENANT
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 1998-06-04 Sold (Public Records) $55,000 Public Records

Property tax history

+3.0%/yr

Latest (2024): $2,711 · +5.9% YoY. Source: county tax records.