541 Mill St, Council Bluffs, IA, 51503
About This Home
Fully updated conversion tri-plex with all the major improvements already completed. Recent upgrades include new windows, roof, siding, electrical, plumbing, and HVAC, making this a low-maintenance investment opportunity from day one. All three units feature updated kitchens and bathrooms with modern finishes. The property offers a versatile unit mix: one 2-bedroom/1-bath, one 1-bedroom/1-bath, and one studio/1-bath. Ideal for an owner-occupant looking to house hack or an investor seeking a solid addition to their portfolio. All units are currently occupied on MTM. FHA approved. One seller is a licensed real estate agent in Iowa.
Getting Around
Very Walkable
No Nearby Transit
Very BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Composition
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Refrigerator,Range
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
Interior Area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
Property
Details
- Parcel number: 754425451001
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: .11
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Heat Wave
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,592 | $19,104 |
| Home Insurance * | $231 | $2,772 |
| Property Taxes | $346 | $4,152 |
| Electricity | $142 | $1,704 |
| Total | $2,311 | $27,732 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-08-04 | Price change | $315,000 |
| 2024-12-09 | Listed for sale | $310,000 |
| 2023-03-06 | Sold | $55,000 |
| 2023-02-28 | Pending sale | $75,000 |
| 2023-02-09 | Price change | $75,000 |
| 2022-10-14 | Price change | $87,500 |
| 2022-08-11 | Pending sale | $100,000 |
| 2022-07-23 | Listed for sale | $100,000 |
| 2014-07-01 | Listing removed | $85,000 |
| 2013-08-10 | Listed for sale | $85,000 |
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