$170,000
SOLD SEP 29, 2025

923 2nd Ave E Milan, IL 61264

-- Bed
-- Bath
1,467 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$116 Per Sq Ft

3% Above List Price

8 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • Senior Tax Exemptions

About This Home

As of September 2025

This unique one-level duplex is a rare find-offering spacious living, great condition, and a smart layout that creates true separation between the two units. Each side features 3 bedrooms, 1 bathroom, an attached 1-car garage, and its own private backyard-no shared outdoor space here, making it ideal for privacy-minded tenants or owner-occupants. Built with thoughtful design, both units are mirror images and offer generous square footage. Whether you're looking for a solid investment property, a house-hack opportunity, or a potential short-term rental near the interstate, this location and layout make it a strong choice. Live in one side and rent out the other-or rent both for double the income potential.

Last Agent to Sell the Property

Ashley Pankey

Ruhl&Ruhl REALTORS Moline License #475.165400/S66408000 Listed on: 08/14/2025

Ruhl&Ruhl REALTORS Moline

Last Buyer's Agent

Abby Shipman

KW 1Advantage License #S66662000/475.203187

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,037

Year Built

  • Built in 1965

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 66x140x167x140
  • Level Lot

Home Design

  • Aluminum Siding

Schools

  • Thomas Jefferson Elementary School
  • Edison Middle School
  • Rock Island High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Senior Tax Exemptions
  • Homeowner Tax Exemptions

Community Details

Overview

  • Ralph W Palmer Subdivision

Building Details

  • Gross Income $21,600
  • Net Operating Income $17,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,037

Year Built

Built in 1965

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • New Construction: No
  • Subdivision Name: Ralph W Palmer
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Legal Description: Lot 7
  • Actual Status: Closed
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • Lot Features: Level
  • Roof: Other

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Schools

  • Elementary School: Thomas Jefferson
  • High School: Rock Island
  • Middle/Junior School: Edison

Lot Info

  • Lot Size Acres: 0.22
  • Lot Dimensions: 66X140X167X140

Rental Info

  • Board Number: 30

Multi Family

  • Net Operating Income: 17563
  • GrossIncome: 21600

Tax Info

  • Tax Annual Amount: 4037.32
  • Tax Year: 2024
  • Tax Exemptions: Homeowner,Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2025
Closed on
Sep 12, 2025
Sold by
Robert O Magnuson Trust and Magnuson Robert O
Bought by
Paperno Tristan
Seller's Agent
Ashley Pankey
Ruhl&Ruhl REALTORS Moline
Buyer's Agent
Abby Shipman
KW 1Advantage
List Price
$165,000
Sold Price
$170,000
Premium/Discount to List
$5,000
3.03%
Views
39
Current Estimated Value
$167,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,080
Avg. Annual Appreciation
-2.48%
Original Mortgage
$164,326
Outstanding Balance
$163,734
Interest Rate
6.56%
Mortgage Type
FHA
Estimated Equity
$4,186

Purchase Details

Closed on
Feb 3, 2020
Sold by
Magnuson Robert O
Bought by
Robert O Magnuson Trust

Purchase Details

Listed on
Mar 15, 2019
Closed on
Apr 18, 2019
Sold by
Consulting And Investment Group Llc
Bought by
Magnuson Robert O
Seller's Agent
Gary Williams
Ruhl&Ruhl REALTORS Moline
Buyer's Agent
Kathy Cain
eXp Realty
List Price
$129,900
Sold Price
$135,000
Premium/Discount to List
$5,100
3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Apr 3, 2018
Sold by
Judicial Sales Corporation
Bought by
Residential Credit Opportuniti

Purchase Details

Closed on
Jul 1, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $170,000 Gomez Title
Trustee Deed -- Churchill & Churchill Pc
Special Warranty Deed $135,000 Premier Title
Deed -- Premier Title
Deed $59,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,326 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2025 09/29/25 Sold $170,000 +3.0% $116 / Sq Ft
08/22/2025 08/22/25 Pending -- -- --
08/14/2025 08/14/25 For Sale $165,000 +22.2% $112 / Sq Ft
04/17/2019 04/17/19 Sold $135,000 +3.9% $92 / Sq Ft View Prior Sale
03/25/2019 03/25/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $129,900 -- $89 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: QC4266423

Midwest Real Estate Data (MRED)

APN: 16-24-202-004

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