620 16th Ave · East Moline, IL 61244

$87,500

4 bd · 2.0 ba · 2,030 sqft · Other public records · 13 Days on market

Built 1910 4,791 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

This four-bedroom home boasting with potential. The home's main level offers ample size kitchen, a full-bathroom, and informal dining. Upstairs you will find 4-bedrooms conveniently located near the home's second full bathroom. The home features recently painted walls, a 2-car detached garage, and a long driveway that offers additional off-street parking. Near downtown East Moline, the location provides nearby dining and entertainment. Contact your trusted Agent to schedule a tour today! Home is being sold as-is, where-is. Buyer/Buyer's Agent to verify all measurements and other aspects of the property details.

Key facts

• Ample size kitchen
• Long driveway
• Informal dining

Tags

• AMPLE SIZE KITCHEN
• INFORMAL DINING
• RECENTLY PAINTED WALLS
• LONG DRIVEWAY

Property features AI

Finance

• HOA & community: No master association fees required

Exterior

• Parking: Detached garage with 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story
• Construction: Built over 100 years ago; Aluminum siding; Asphalt roof; Block foundation; Unfinished basement (856 sq. ft.)
• Exterior features: Level lot; Lot dimensions approximately 119 x 40; Less than 0.25 acre

Interior

• Kitchen: Kitchen on the main level (12 x 15); Range; Refrigerator
• Bedrooms: 4 bedrooms; Primary bedroom on the second floor (21 x 10); Second bedroom on the second floor (13 x 13); Third bedroom on the second floor (14 x 10); Fourth bedroom on the second floor (9 x 9)
• Flooring: Carpet in dining room, family room and living room; Laminate in kitchen
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 8 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $88k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $88k).
• Cap rate 13.0% 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-, schools 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.
• Market conditions: 124 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $605 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 11y 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 $60k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,500

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.74% ✓
• Cap rate: 12.98%
• Cash-on-cash: 23.89%
• DSCR: 2.06
• GRM: 4.8

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: 17.1%
• Equity multiple: 1.69×
• Total profit: $16,974
• Equity at exit: $13,047

10-year hold

• IRR: 25.7%
• Equity multiple: 3.25×
• Total profit: $55,152
• Equity at exit: $7,565

Cash invested: $24,500 (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: 4.8×

Monthly cashflow live

• Estimated rent: $1,526 medium
• Mortgage (P&I): −$459
• Tax from tax record: −$223 /mo · $2,671/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $488

Break-even live

Break-even rent $909

Max offer price $87,500

Occupancy floor 63%

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: $21,875
• Closing costs: $2,625
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
171 15th Ave East Moline, IL	3.0	1.0	1400	$1,395	$1.00	21d	1	0.58mi

Listing history 11 events

1. 2026-06-18
   days on market $87,500 Active 13 DOM
2. 2026-06-17
   days on market $87,500 Active 12 DOM
3. 2026-06-16
   days on market $87,500 Active 11 DOM
4. 2026-06-15
   days on market $87,500 Active 10 DOM
5. 2026-06-14
   days on market $87,500 Active 8 DOM
6. 2026-06-13
   days on market $87,500 Active 7 DOM
7. 2026-06-10
   days on market $87,500 Active 5 DOM
8. 2026-06-09
   days on market $87,500 Active 4 DOM
9. 2026-06-08
   days on market $87,500 Active 3 DOM
10. 2026-06-07
    remarks 618-char remark
11. 2026-06-07
    listed $87,500 Active 2 DOM

ⓘ 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: $2,671 · $223/mo
• Projected year-2 tax: $2,671 · $223/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: $18,312
• − Mortgage interest: −$4,901
• − Property taxes: −$2,671
• − Insurance: −$438
• − Repairs & maintenance: −$1,465
• − Management: −$1,465
• − Depreciation: −$2,545
• Taxable income: $4,827
• Est. tax owed @ 24.0%: −$1,159
• After-tax cash flow: $4,694/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

+82.3% since first listed

28 events — show timeline

• 2026-06-05 Listed $87,500 MRED as Distributed by MLS Grid
• 2026-04-15 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-31 Relisted — MRED as Distributed by MLS Grid
• 2026-01-30 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-20 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-09-19 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-09-03 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-08-24 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-08-04 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-23 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-06-06 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-03-19 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-03-19 Listing Removed — MRED as Distributed by MLS Grid
• 2025-03-19 Listed — RMLSA as Distributed by MLS Grid
• 2025-02-19 Price Changed — RMLSA as Distributed by MLS Grid
• 2024-10-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2024-08-30 Listed — RMLSA as Distributed by MLS Grid
• 2017-02-14 Sold (Public Records) $80,000 Public Records
• 2017-02-14 Sold (Public Records) $60,000 Public Records
• 2015-07-17 Sold (MLS) $44,160 RMLSA as Distributed by MLS Grid
• 2015-07-17 Sold (MLS) $44,160 MRED as Distributed by MLS Grid
• 2015-05-08 Listed $48,000 RMLSA as Distributed by MLS Grid
• 2015-05-08 Listed $48,000 MRED as Distributed by MLS Grid

Property tax history

+2.9%/yr

Latest (2024): $2,671 · +5.9% YoY. Source: county tax records.