BEDS0
BATHS5 full
MLS#12629533
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 404
Property Description
Well-maintained 5-unit apartment building located within walking distance to schools, parks, churches, the YMCA, historic downtown Aledo, restaurants, shopping, and a movie theater. This property offers a strong investment opportunity with multiple unit types and a convenient in-town location. The building consists of five units, including one efficiency apartment (formerly office space) located at the front of the building, two 2-bedroom units on the main level, and two 1-bedroom units on the upper level. The three main-level units offer accessibility-friendly features. Recent updates include windows, flooring, insulation, appliances, downspouts, and heating systems, contributing to the overall maintenance and functionality of the property. At the time of listing, four units are tenant-occupied with established tenancy ranging from approximately 2 to 13 years. The efficiency unit is currently vacant, offering an opportunity for additional rental income. Buyer will assume existing leases.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Heating: Baseboard
Lot Size: 0.13 Acres
Roof Type: Asphalt
Taxes: $5,424
Year Built: 1954
Feature Descriptions
Exterior: Vinyl Siding
Lot: Corner Lot, Level
Lot Dimensions: 96x60
Other Equipment: Ceiling Fan(s), Multiple Water Heaters
Parcel#: 101017356017
Parking: Off Street, Yes, Owned
Sewer: Public Sewer
Township: Aledo
Water: Public
Local Schools
High School: Mercer County High School
Middle School: Mercer County Junior High School
Elementary School: Apollo Elementary School
School District: District 404
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Agency Phone: 833-835-5566
Shown By
Agent Name: Michael Gambino
Agent Phone: (815) 978-0845
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,368.04 per month $860.77 Principal & Interest $452.00 Property Tax $55.27 Homeowner's InsuranceChange Payment Information
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501 SW 3rd Street | MLS# 12629533
This multi-family property located at 501 SW 3rd Street , Aledo, IL 61231 is currently listed for sale with an asking price of $189,500. SW 3rd Street is located within the District 404 school district. Search Aledo real estate on mgambino.gogambino.com today.