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501 SW 3RD Street Aledo, IL $ 209,900
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$ 209,900 Get more info
501 SW 3RD Street
$ 209,900
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501 SW 3RD Street

Aledo, IL, 61231
$ 209,900
Baths0.0 Sq 3,420

Monthly Estimate*

$ 1,310

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Studio

Multi-Family Home for sale in Aledo, IL

for $209,900. This 3,420 square foot home was built in 1954.

Check out this Fabulous Apartment Building! This well maintained building features 5 separate apartments and is located within walking distance to schools, parks, churches, the YMCA, Historical Downtown Aledo, Restaurants, Shopping, Movie Theater, and More! The front of the building was previously used as an office space, but has been converted into an efficiency apartment. The main level features 2 more apartments that each have 2 bedrooms. The 3 main level apartments are Handicap Accessible. The upper level offers 2 One bedroom apartments. This building has been well maintained and recently updated items include: siding, flooring, insulation, appliances, downspouts, heating & A/C units, and more! All 5 units are currently tenant occupied. The new owner would take over the leases and begin making residual income immediately!

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Multi-Family Active

Price

$ 209,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,423

Style

Year Built

1954

Town/City

Aledo

County/Region

Mercer

MLS | Web ID

QC4268695
Features
General
Cooling Window Unit(s)
Construction Materials Vinyl Siding
Year Built 1954
Electric Separate Meters
Gross Income 28980
County Mercer
Net Operating Income 18706
Operating Expense 4850
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions From Hwy 67 Turn West onto Hwy 17 Property is on the Northside of the street between SW 5th Ave & SW 6th Ave
City Aledo
Number Of Units Total 5
MLS Area Aledo
Tax Annual Amount 5423.64
Electric Expense 0
Fuel Expense 0
Trash Expense 300
Water Sewer Expense 1350
Standard Status Active
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Exterior
Building Area Total 3420
Lot Dimensions 96 x 60
Frontage Type Paved
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* Excluded Features
List By
Exp Realty

Broker

starrfell13@gmail.com

Email

Affordability Calculator

$1,761
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,310
Monthly Property Taxes
$452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/19/2025$209,900 Listed Price

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501 SW 3RD Street, Aledo, IL, 61231 is a Multi-Family Home for sale at $209,900 with 3,420 sqft. 501 SW 3RD Street is a studio with 0.0 baths and was built in 1954. The property's zip code is 61231 which is in Aledo, IL

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