Great Investment Property! 2 Ranch style homes in a great location! Each house features 2 bedrooms, Living Room, Kitchen, and Full bathroom. These houses sit on a large grassy lot and is located just a few minutes away from the quad cities. Both homes are currently rented out and the new owner will take over the leases. With this fantastic Investment Opportunity, the new owner will start earning residual income immediately! 516 is the house on the east side next to the driveway. 516 features a bay window facing the front yard, built in cabinets throughout the home, a relaxing back porch, and a sunny side deck. 500 is the Grey house on the west side of the property. This sale will include both parcels. (Photos are from 2023)
For sale
$149,900
500 127th Ave, Milan, IL 61264
4beds
2baths
1,566sqft
Est.:
Multi Family
Built in 1956
-- sqft lot
$146,200 Zestimate®
$96/sqft
$-- HOA
What's special
Large grassy lotBay windowRelaxing back porchSunny side deckBuilt in cabinets
- 11 days
- on Zillow |
- 488 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: May 09, 2025 at 01:01pm
Listed by:
Zach Frick Cell:309-738-8708,
EXP REALTY, LLC,
Starr Fell,
EXP REALTY, LLC
Source: RMLS Alliance,MLS#: QC4262810
Originating MLS: Quad City Area Realtor Association


Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Water Heater
Features
- Basement: Partial
Interior area
- Total structure area: 1,566
- Total interior livable area: 1,566 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Oversized
Lot
- Size: 0.37 Acres
- Dimensions: 177 x 92
- Features: Level
Details
- Additional parcels included: 2311400015 & SUPVR ASST MAP LOT 4062 SHEET 17
- Parcel number: 2311400014
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
Community & HOA
Community
- Subdivision: Bowling Township
Location
- Region: Milan
Financial & listing details
- Price per square foot: $96/sqft
- Tax assessed value: $59,739
- Annual tax amount: $1,469
- Date on market: 5/2/2025
- Tenant pays: All Utilities
- Road surface type: Paved
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