Press Releases
Marcus & Millichap Arranges $2.5M Sale of 38-Unit Multifamily Property in Moline, Ill.
December 09, 2025
MOLINE, Ill., Dec. 9, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Beverly Manor Apartments, a 38-unit multifamily property in Moline, Illinois, for $2.5 million.
“Beverly Manor attracted multiple offers and competitive interest, highlighting the strength of investor demand in the Quad Cities,” said Yianni Mouflouzelis, associate investments. “The buyer plans to complete interior renovations, enhance the exterior and community areas, and continue expanding their presence in the region. With resilient occupancy, value-add potential, and a stable employer base, the Quad Cities multifamily market continues to gain momentum and attract both regional and out-of-state investors.”
Mouflouzelis, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the out-of-state seller, and procured the buyer, a Quad Cities based investor.
Beverly Manor Apartments is located at 1718–1736 9th Ave. and features a mix of one-, two- and three-bedroom units across 36,306 rentable square feet. Built in 1963, the property sits on 3.41 acres just off Interstate 74 in the Quad Cities metro area.
“Beverly Manor attracted multiple offers and competitive interest, highlighting the strength of investor demand in the Quad Cities,” said Yianni Mouflouzelis, associate investments. “The buyer plans to complete interior renovations, enhance the exterior and community areas, and continue expanding their presence in the region. With resilient occupancy, value-add potential, and a stable employer base, the Quad Cities multifamily market continues to gain momentum and attract both regional and out-of-state investors.”
Mouflouzelis, investment specialist in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the out-of-state seller, and procured the buyer, a Quad Cities based investor.
Beverly Manor Apartments is located at 1718–1736 9th Ave. and features a mix of one-, two- and three-bedroom units across 36,306 rentable square feet. Built in 1963, the property sits on 3.41 acres just off Interstate 74 in the Quad Cities metro area.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
