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    1417 E 1St St Milan, IL 61264

    For Sale
    $150,000

    Residential Income - Milan, IL

    Property size:
    3,463 SF
    Days on Market:
    114
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 1417 E 1St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    16-25-104-059
    Parking
    3
    Size
    3,463 SF

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Number of units
    3
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    Howes & Jefferies Realtors (563) 242-3265 [email protected]

    Listing agent Dennis Lauver (563) 242-3265 License #B63532000/475.165634

    Listing date Aug 22, 2025

    MLS# QC4265990 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milan, IL Income Property

    This residential income property in Milan, IL, features three rental houses situated on a wooded lot spanning three-quarters of an acre. The property is an income producer with three rental units. Two of the units have long-term renters, and the third unit has a recently signed lease. The total living area of the property is 3463 square feet. The property is located in Rock Island County and is assessed at $128,763.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.56703437
    Latitude
    41.437538827

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    FAQs

    What type of property is this?
    Residential income property - Three rental houses on a large, wooded lot.
    Where is this residential income property located?
    The property is located at 1417 E 1St St Milan, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Steady income-producing property with three rental units.; - Situated on a large, nicely wooded lot (0.75 acres).; - Two tenants with established rental history.
    (563) 242-3265
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1417 E 1St St Milan, IL 61264
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