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    Fully Updated Conversion Triplex Title is generated by Realmo AI

    541 Mill Street, Council Bluffs, IA 51503

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    For Sale
    $315,000

    Multi-Family - Council Bluffs, IA

    Type:Multi Family
    Added:
    Mar 5, 2026
    Days on Market:
    99
    Last Refresh:
    Jun 12 at 4:06 am

    Property Features for 541 Mill Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Rooms
    Basement
    Parking
    3
    Basement Y/N
    1
    Appliances
    Cooktop, Range, Refrigerator
    Standard status
    Active
    APN
    754425451001

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2024

    Utilities

    Heating system
    Zoned (Heating)

    Building Details

    Year built
    1900
    Number of units
    3
    Architectural style
    Other

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    Listing Contact
    Cristina Luckey

    Listing agent Cristina Luckey License #20230038

    Listing office Real Broker NE, LLC 14301 FNB Parkway, Omaha, IA

    Listing date Mar 5, 2026

    MLS# 22605852 Listing URL

    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.

    HighLights

    • Fully updated conversion tri‑plex with major upgrades already completed
    • Recent improvements include new windows, roof, siding, electrical, plumbing, and HVAC
    • Unit mix: 2 bed/1 bath, 1 bed/1 bath, and studio/1 bath
    • All units feature updated kitchens and bathrooms with modern finishes
    • All three units are currently occupied
    • Basement included; appliances include cooktop, range, and refrigerator

    Overview

    This fully updated conversion triplex includes major improvements already completed, including new windows, roof, siding, electrical, plumbing, and HVAC. Each of the three units features updated kitchens and bathrooms with modern finishes. The unit mix provides flexibility with one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one studio/1-bath unit.

    The property is located at 541 Mill Street in Council Bluffs, within Pottawattamie County, Iowa. All three units are currently occupied, supporting an investor or owner-occupant looking for immediate rental income potential.

    For buyers seeking a low-maintenance multifamily purchase, the completed upgrades reduce near-term capex concerns associated with dated building systems. The configuration is also well-suited for an owner-occupant who wants to live in one unit while renting the others. FHA approval is noted, and the property’s versatility across studio, 1-bedroom, and 2-bedroom layouts can help broaden tenant fit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Council Bluffs
    County
    Pottawattamie
    State
    Iowa
    Longitude
    -95.8504831
    Latitude
    41.2637392

    FAQs

    What type of property is this?
    Triplex - Updated triplex with three occupied units and completed major systems, offering flexible unit configurations for owners and investors.
    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 upgrades already completed; Recent improvements include new windows, roof, siding, electrical, plumbing, and HVAC; Unit mix: 2 bed/1 bath, 1 bed/1 bath, and studio/1 bath
    More about this property
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