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Sold on 07/17/2020
Grant McCaulley of Keller Williams Greater Quad Cities / Midwest Part
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227 E 2nd Ave, Milan, IL 61265

$113,000

Last sold 07/17/2020 for $91K

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    bed

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    bath

Multi-family not for sale
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About 227 E 2nd Ave

Property type Multi-family
Year built 1897
HOA fee $0/month
Lot size 8,276 Sqft
Movoto estimate
Rental estimate
Property description
Very well updated up/down duplex, 1 bed/1bath, 1.5 car garage can be rented out, carport. You won't find a more updated and clean investment property in QC!! Currently tenant occupied! Excellent location in Milan, IL. Upper unit $450/month has electric heat, main level is $600, tenant pays gas/electric, owner pays water and sewer. Laundry in main level unit. Updates, roof 2020, siding gutters 2020, kicthen, bathrooms, paint, flooring, GREAT CASH FLOW!! Owner has refrigerators and range/ovens, handicapped accessible main level, two nice decks
Listed by
Listing Agent - Grant McCaulley
Listing Office - Keller Williams Greater Quad Cities / Midwest Part
Source: MRED mls logo
MLS#QC4213268 • last updated 7 months ago
Movoto checked MRED for data 23 minutes ago
Overview
Cooling/AC Central Air
MLS # QC4213268
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.19
Property Tax $ 2401
Year Built 1897
Interior
Basement Crawl Space
Exterior
Construction Vinyl Siding
Lot Desc Level
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
Location
County Rock Island
Subdivision None
High School Rock Island
APN 939
Directions 1st To 2nd E Ave
Multifamily Details
Expense: Insurance 800
Net Operating Income 22700
Gross Income 25200
Expense: Electricity 200
Misc Income 12600
Expense: Water/ Sewer 1000
$113K
Range: $61K-$164K
Last 30 days 
Rental est.: $795/month
Gross rent multiplier: 9.5 - Good
  • Aug 2020
    Public Records
  • Aug 26, 2020 Sold
    $91,000
  • Aug 2020
    mls logo MLS # QC4213268
  • Aug 25, 2020 Sold
    $91,000 (-8.9%)
  • Jul 13, 2020 Listed
    $99,900 (+487.6%)
  • Dec 2016
    Public Records
  • Dec 28, 2016 Sold
    $17,000
  • Year Property taxes Tax assessment
  • 2024
    $3,154 +4.9%
    $34,224 +7.0%
  • 2023
    $3,007 +22.2%
    $31,985 +25.04%
  • 2022
    $2,460 +0.6%
    $25,579 +5.6%
  • 2021
    $2,444 +920.8%
    $24,223 +2.6%
  • 2020
    $239
    $23,609
  • 227 E 2nd Ave
    $91K
  • —
  • 61265
    $165K +6% y/y
  • Milan
    —
No chart available
Statistics calculated by Movoto

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