$150,000
1417 - 1419 E 1st St, Milan, IL 61264
Three rental houses on a nicely wooded lot that is three quarters of an acre. Steady income producer! Three rental units. Two of the three have been renters for a while and the third one just signed their lease. Assessed at $128,763
Dennis Lauver Coldwell Banker Howes & Jefferies REALTORS
Explore Milan
$149,900
500 127th Ave, Milan, IL 61264
Great Investment Property! 2 Ranch style homes in a great location! Each house features 2 bedrooms, Living Room, Kitchen, and Full bathroom. These houses sit on a large grassy lot and is located just a few minutes away from the quad cities. Both homes are currently rented out and the new owner will take over the leases. With this fantastic Investment Opportunity, the new owner will start earning
Zach Frick eXp Realty
Milan, Illinois, is a quaint village located at the southern edge of the Quad Cities, offering a peaceful community atmosphere while maintaining convenient access to major attractions and employers in the area. Bordered by the Rock River, Milan provides a laid-back lifestyle distinct from the busier cities to the north. Housing options in Milan include a variety of styles such as two-story homes, bungalows, and ranch-style houses, often featuring basements and garages. The village is known for its affordability compared to other parts of the Quad Cities. Residents enjoy a walkable environment with sidewalks leading to local parks and dining options. Pappas Park offers recreational facilities, and the Hennepin Canal State Trail provides opportunities for hiking, biking, and more. For dining, locals frequent Two Sisters for diner classics and Pagalo’s Pizzeria & Gelato Café for wood-fired pizzas. The village is well-connected via major roads like I-280 and Highway 67, facilitating easy commutes to nearby cities such as Rock Island and Davenport, both under 6 miles away. Entertainment options include the Vibrant Arena at The MARK in Moline, hosting concerts and hockey games, and Bally’s Casino & Hotel, located 4.5 miles west. Milan's proximity to the Quad Cities International Airport, just 4 miles east, adds to its appeal for those who travel frequently.
On average, homes in Milan, IL sell after 16 days on the market compared to the national average of 70 days. The median sale price for homes in Milan, IL over the last 12 months is $240,000, up 4% from the median home sale price over the previous 12 months.
In Milan, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $149,900 to $150,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Milan is $234,900, while the average sale price is $298,794, offering insights into the local housing market. On average, multi-family homes spend 16 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Milan, IL.
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