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    Milan, IN
    Residential Income

    Milan, IN Residential Income Properties for Sale

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    Michigan City, IN Sunman, IN Moores Hill, IN Dillsboro, IN Osgood, IN Versailles, IN Aurora, IN Frankfort, KY
    Leased Two-Story Commercial Building
    Updated: Dec 4, 2025
    Leased Two-Story Commercial Building

    106 Franklin St, Milan, IN 47031

    $127,000
    Fully leased brick 2‑story commercial building with 2 tenants
    First‑floor tenant rent is $850/month plus utilities and insurance
    Second‑floor apartment rent is $650/month plus utilities and insurance
    New metal roof installed in 2024
    Original Milan Theater features remain, including original slanted floors on site
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 1 Active listings in Milan, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Duplex with Garages
    Remodeled Duplex with Garages

    7018 Sherman Drive, Aurora, IN 47001

    $349,900
    2,208 sqft 0.35 AC lot

    Two residential units offer separate utilities, private decks, laundry rooms, and unfinished basements with bathroom rough-ins.

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    Duplex with Separate Utilities
    Duplex with Separate Utilities

    7018 Sherman Dr, Aurora, IN 47001

    $349,900
    2,208 sqft

    Two-bedroom units feature private decks, one-car garages, fireplaces, and individual utility systems.

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    Duplex with Two Occupied Units
    Duplex with Two Occupied Units

    12900 North St, Dillsboro, IN 47018

    $99,500
    0.10 AC lot

    Two-unit duplex in Dillsboro, zoned C-3, with a 2 bed/1 bath and 3 bed/1.5 bath unit currently occupied.

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    Updated Multifamily Rental Portfolio
    Updated Multifamily Rental Portfolio

    15284 Veterans Lane, Dillsboro, IN 47018

    $1,390,000
    1.50 AC lot

    Four updated apartment buildings with five rental units, including several with in-unit washers and dryers.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot in Serenity Pines
    Residential Lot in Serenity Pines

    Liana Dr. lot: 7, Dillsboro, IN 47018

    $39,900
    0.27 AC lot

    0.27-acre residential lot in Dillsboro, Indiana.

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    Residential Lot in Serenity Pines
    Residential Lot in Serenity Pines

    Liana Dr. lot: 5, Dillsboro, IN 47018

    $39,900
    0.26 AC lot

    Vacant 0.26-acre lot in quiet Dillsboro neighborhood.

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    Residential Lot in Serenity Pines
    Residential Lot in Serenity Pines

    Liana Dr. lot: 6, Dillsboro, IN 47018

    $39,900
    0.27 AC lot

    0.27-acre residential lot in Dillsboro, Indiana.

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    Aurora Land with Road Frontage
    Aurora Land with Road Frontage

    Huesman Road lot: 3, Aurora, IN 47001

    $98,500
    6.07 AC lot

    6-acre wooded property with road frontage in Aurora, Indiana.

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    Off-Market Properties in Milan, IN

    Consider similar Off-Market properties in Milan, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4632 County Rd 150th E
    CAMPGROUND, RV PARK

    4632 County Rd 150th E, Milan, IN 47031-9301

    $220,000
    Estimated value
    16.96 AC lot
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    835 Co Rd 450
    Land

    835 Co Rd 450, Milan, IN 47031

    Value Estimation by Request
    43.00 AC lot
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    707 Ripley St
    MOBILE HOME PARK, TRAILER PARK

    707 Ripley St, Milan, IN 47031-1117

    $350,000
    Estimated value
    13.48 AC lot
    View details
    209 Carr St
    APARTMENT HOUSE (UNDER 5 UNITS)

    209 Carr St, Milan, IN 47031-2503

    $225,000
    Estimated value
    1,148 sqft 0.02 AC lot
    View details

    Milan, IN Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Milan, IN on our real estate platform.

    Sale prices for residential income properties in Milan, IN average $127,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,179
    Population Growth (5Y) -3.3%
    Median Household Income $67,520
    College Educated 26.8%

    High-Yield Neighborhoods for Investment

    Identify Milan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47031 $127K

    Taxes & Financing

    Tax Rate (average for all types) 2.22%
    Property Tax per SF $49.00 per SF
    Tax Rate vs County Average 0.10 pp above county avg
    Average Loan-to-Value 65.0%

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