350 2nd Ave E, Milan, IL 61264
OFF MARKET

350 2nd Ave E
Milan, IL 61264

  • 8 Beds
  • 4 Baths
  • 3,306 sqft

$274,000

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $2,008/mo*

$274,000

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $2,008/mo*
8 Beds
4 Baths
3,306 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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
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

Interior Features

Heating & Cooling
Heating: Radiant, GasAir ConditioningCooling System: WallHeating Fuel: Radiant
Levels, Entrance, & Accessibility
Stories: 2Floors: Carpet, Laminate
Appliances & Utilities
DishwasherDisposalRefrigerator

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Brick
Parking & Garage
GarageParking Spaces: 4Parking: Garage Detached, Off Street, On Street

Property Information

Year Built
Year Built: 1967
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 4

Lot Information

Lot Area: 10018 sqft

Price History for 350 2nd Ave E

DatePriceEventSource
02/26/2021$207,000Sold
N/A
01/06/2021$214,500PendingN/A
12/01/2020$214,500PriceChange
N/A
09/28/2020$219,500Listed For SaleN/A
03/31/2020$218,500ListingRemovedN/A
01/16/2020$218,500Listed For SaleN/A
03/21/2016$200,000Sold
N/A
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Property Tax and Assessment

Year2024
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

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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.
  • Kristina P.
    "5 min or less from everything you need. Grocery, pharmacy, bus, restaurants and entertainment. Everything is within biking or a short drive. "
  • Jdodd0809
    "Did owners would not like the close proximity to a very busy highway. It would be necessary for a homeowner to install a pet fence for their dogs safety outside "
  • Skyler B.
    "Everyone in the neighborhood are all into different things and hobbies. Like being close with neighbors it makes life fun. "
  • Jenny D.
    "Small park nearby, lots of kids to play with. Walking distance to elementary school, good little school. Many master teachers. "

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Apartments for Rent

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Homes for sale near 350 2nd Ave E

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Off Market Homes Near 350 2nd Ave E

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Homes for rent near 350 2nd Ave E

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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.