516 127th Ave Milan, IL 61264
Property details
About 516 127th Ave
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)
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Microwave, Range
- Basement: Yes
- Interior: Ceiling Fan(s)
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Detached, Oversized
- Exterior: Shed(s)
- Architectural Style: Ranch
- Heating: Forced Air
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $149,900
- Price/SqFt: $95
- Annual Tax Amount: $2,620
- Tax Year: 2023
- Lot: Level
- Directions: From Hwy 67, Turn East onto 127th Ave, Property is on the south side of the road before the curve.
- Year Built: 1956
- Living Area: 1,566 SqFt
- Lot Size: 0.37 Acres
- MLS Number: QC4262809
- MLS Name: RMLSA
- Office Name: EXP REALTY, LLC
- Listing Agent: Zach Frick
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 7:35:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$149,900
516 127th Ave
$1,780
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $35,508 | $2,620 |
| 2022 | $34,983 | $2,676 |
| 2021 | $33,003 | $2,522 |
| 2020 | $31,643 | $2,439 |
| 2019 | $29,852 | $2,357 |
| 2018 | $29,852 | $1,832 |
| 2017 | $29,152 | $1,397 |
History based on county public records data.
Nearby schools
7
Ridgewood Elementary School
Public District PK-6
2.3 mi
•9607 14th St W
3
Thomas Jefferson Elementary School
Public District PK-6
3.2 mi
•1307 4th St W
6
Earl H Hanson Elementary School
Public District PK-6
5.6 mi
•4000 9th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $85,781. The most common annual income of people living in Milan, IL is between $35k-100k. Most families are married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Applebees
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
About 516 127th Ave
The listing price of 516 127th Ave property is $149,900.
The property 516 127th Ave is a house located in Milan, Illinois, 61264.
Active Listing: 516 127th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 516 127th Ave are: Ridgewood Elementary School (GreatSchools Rating 7/10), Thomas Jefferson Elementary School (GreatSchools Rating 3/10), Earl H Hanson Elementary School (GreatSchools Rating 6/10), Sherrard Jr High School (GreatSchools Rating 4/10), Edison Jr High School (GreatSchools Rating 2/10), Washington Jr High School (GreatSchools Rating 3/10), Sherrard High School (GreatSchools Rating 5/10), Rock Island High School (GreatSchools Rating 2/10), Moline High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $2,620 (source: MLS/based on county public records data).
The property at 516 127th Ave has 4 bedrooms and 2 bathrooms.
The property 516 127th Ave is 1,566 SqFt (source: MLS/tax record).
The year of construction for 516 127th Ave is 1956.
This home is located at 516 127th Ave in Milan, IL and zip code 61264. This 1,566 square foot home, which was built in 1956, sits on a 0.37 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $149,900.
In May 2025, from all listings sold in Milan, IL there were more than 9 sold above asking price, over 6 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Milan, IL between April and May 2025 increased by 5%. Listings spent 36 days on the market in May 2025, and had a median list price of $175,000 during the same period.