Updated Conversion
541 Mill Street Council Bluffs, IA 51503
For Sale
$315,000
MULTI_FAMILY - Council Bluffs, IA
Days on Market143
Property Features for 541 Mill Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Standard status
- Active
- APN
- 754425451001
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- MYNSTER ADD LT 9 BLK 2
- Tax Annual Amount
- 2024
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1900
- Number of units
- 3
Listing Agency:
Real Broker NE, LLC
(855) 450-0442
Listed By:
Cristina Luckey · License #20230038
(402) 651-3055
Added: Mar 5
Changed: Jul 2
Last Checked: Jul 26 at 9:06AM
MLS# 22605852
Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully updated conversion triplex has major improvements already completed, supporting a lower-maintenance ownership experience. Recent upgrades include new windows, roof, siding, electrical, plumbing, and HVAC. Each of the three units also features updated kitchens and bathrooms with modern finishes.
The property includes a versatile unit mix: one 2-bedroom/1-bath, one 1-bedroom/1-bath, and one studio/1-bath. All units are currently occupied, providing immediate in-place tenancy. The listing notes FHA approval, and one seller is a licensed real estate agent in Iowa.
The layout and renewed improvements make the property practical for either an owner-occupant looking to house hack or an investor seeking a straightforward addition to a rental portfolio. With all three units being occupied and interiors updated, the home is positioned for continued rental operations with less near-term capital work tied to the building’s primary systems.
The property includes a versatile unit mix: one 2-bedroom/1-bath, one 1-bedroom/1-bath, and one studio/1-bath. All units are currently occupied, providing immediate in-place tenancy. The listing notes FHA approval, and one seller is a licensed real estate agent in Iowa.
The layout and renewed improvements make the property practical for either an owner-occupant looking to house hack or an investor seeking a straightforward addition to a rental portfolio. With all three units being occupied and interiors updated, the home is positioned for continued rental operations with less near-term capital work tied to the building’s primary systems.
Key Highlights
- Fully updated conversion tri‑plex with major improvements completed, including new windows, roof, siding, electrical, plumbing, and HVAC
- Tri‑plex unit mix: one 2BD/1BA, one 1BD/1BA, and one studio/1BA
- All three units have updated kitchens and bathrooms with modern finishes
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully updated triplex offers a mix of studio, one-bedroom, and two-bedroom units with major systems renewed.
Where is this triplex located?
The property is located at 541 Mill Street Council Bluffs, IA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Fully updated conversion tri‑plex with major improvements completed, including new windows, roof, siding, electrical, plumbing, and HVAC; Tri‑plex unit mix: one 2BD/1BA, one 1BD/1BA, and one studio/1BA; All three units have updated kitchens and bathrooms with modern finishes
