350 2nd Ave E
Milan, IL 61264
- 8 Beds
- 4 Baths
- 3,306 sqft
8 Beds
4 Baths
3,306 sqft
Local Information
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Description
Excellent investor opportunity or Live in one and use other three for additional income. Four units all with two bedrooms and single bath. All four units have been completely remodeled. Four stall garage with openers, coin operated laundry, Storage room and workshop. All new windows, newer roof and additional insulation. Hot water heat with individual zones. Air Conditioning. All units consistently rented on 1 year renewing agreements. Great location with Milan park only a short walk.
Cash on Cash return:
214,500 purchase
50,000 down
164,500 loan at 3% for 30yrs = $695 per month
Yearly cash flow 13,600.
13,600 / 50,000 = 27% return on cash.
Call 309-799-3214 or 563-529-2197
Cash on Cash return:
214,500 purchase
50,000 down
164,500 loan at 3% for 30yrs = $695 per month
Yearly cash flow 13,600.
13,600 / 50,000 = 27% return on cash.
Call 309-799-3214 or 563-529-2197
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 350 2nd Ave E
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Heating & Cooling Heating: Radiant, GasAir ConditioningCooling System: WallHeating Fuel: Radiant |
Levels, Entrance, & Accessibility Stories: 2Floors: Carpet, Laminate |
Appliances & Utilities DishwasherDisposalRefrigerator |
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Exterior Home Features Roof: Shake ShingleExterior: Brick |
Parking & Garage GarageParking Spaces: 4Parking: Garage Detached, Off Street, On Street |
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Year Built Year Built: 1967 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 4 |
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Lot Area: 10018 sqft |
Price History for 350 2nd Ave E
| Date | Price | Event | Source |
|---|---|---|---|
| 02/26/2021 | $207,000 | Sold | N/A |
| 01/06/2021 | $214,500 | Pending | N/A |
| 12/01/2020 | $214,500 | PriceChange | N/A |
| 09/28/2020 | $219,500 | Listed For Sale | N/A |
| 03/31/2020 | $218,500 | ListingRemoved | N/A |
| 01/16/2020 | $218,500 | Listed For Sale | N/A |
| 03/21/2016 | $200,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $8,082 |
| Assessment | $263,061 |
Home facts updated by county records
Comparable Sales for 350 2nd Ave E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.29 | Multi-Family Home | $630,000 | 10/01/25 | 9 | 8 | 3,295 | |
0.45 | Multi-Family Home | $170,000 | 09/29/25 | - | - | ||
1.76 | Multi-Family Home | $90,000 | 12/30/25 | 5 | 3 | - | |
2.74 | Multi-Family Home | $246,200 | 11/03/25 | 4 | 4 | 3,412 | |
2.40 | Multi-Family Home | $67,500 | 04/09/26 | 1 | 4 | 2,026 | |
2.37 | Multi-Family Home | $140,000 | 05/06/26 | 5 | 3 | - | |
2.57 | Multi-Family Home | $72,000 | 12/29/25 | 4 | 2 | - | |
2.12 | Multi-Family Home | $94,500 | 02/20/26 | 6 | 2 | - | |
2.96 | Multi-Family Home | $375,000 | 09/12/25 | 6 | 3 | 5,958 | |
3.31 | Multi-Family Home | $160,000 | 04/27/26 | 7 | 5 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 350 2nd Ave E.
What Locals Say about Milan
At least 20 Trulia users voted on each feature.
90 % Say it's dog friendly
88 % Say yards are well-kept
82 % Say kids play outside
80 % Say parking is easy
75 % Say there's wildlife
68 % Say car is needed
67 % Say there's holiday spirit
67 % Say there are sidewalks
60 % Say people would walk alone at night
52 % Say neighbors are friendly
50 % Say it's walkable to restaurants
50 % Say it's walkable to grocery stores
50 % Say streets are well-lit
43 % Say it's quiet
41 % Say they plan to stay for at least 5 years
12 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 350 2nd Ave E
Off Market Homes Near 350 2nd Ave E
Homes for rent near 350 2nd Ave E
350 2nd Ave E, Milan, IL 61264 is a 8 bedroom, 4 bathroom, 3,306 sqft multi-family built in 1967. This property is not currently available for sale. 350 2nd Ave E was last sold on Feb 26, 2021 for $207,000. The current Trulia Estimate for 350 2nd Ave E is $274,000.

