Great duplex investment opportunity in Milan! Each unit offers a 3 bed, 1 bath layout with 970 sq ft. Priced for a quick sale, this duplex offers a great potential return on investment. Best of all, it is currently tenant occupied! Tenants are on expired leases.
Newly remodeled 2-unit home. Each unit has new kitchen cabinets, windows, flooring, lighting, furnaces and hot water heaters. Brand new metal roof in 2024. The downstairs unit is 2 bedrooms and 1 bath. The upstairs is 1 bedroom and 1 bathroom. This home is capable of being turned back into a single-family home. Each tenant pays their own utilities.
The median home value in Milan, IN is $96,900. This is lower than the county median home value of $128,700. The national median home value is $219,700. The average price of homes sold in Milan, IN is $96,900. Approximately 57.02% of Milan homes are owned, compared to 31.87% rented, while 11.11% are vacant. Milan real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Milan real estate agent to arrange a tour today!
Milan, Indiana has a population of 1,934. Milan is more family-centric than the surrounding county with 39.16% of the households containing married families with children. The county average for households married with children is 32.53%.
The median household income in Milan, Indiana is $46,458. The median household income for the surrounding county is $53,698 compared to the national median of $57,652. The median age of people living in Milan is 37.9 years.
The average high temperature in July is 86.5 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 45.4 inches per year, with 15 inches of snow per year.