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501 N Third Street Villa Grove, IL $ 140,000
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501 N Third Street
$ 140,000
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501 N Third Street

Villa Grove, IL, 61956
$ 140,000
Bedrooms3 Baths1.0 Sq 1,408

Monthly Estimate*

$ 862

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Single Family Home for sale in Villa Grove, IL

for $140,000 with 3 bedrooms and 1 full bath. This 1,408 square foot home was built in 1919 on a lot size of 0.179.

501 N THIRD AND 506 E WILSON Investment Opportunity - Two Homes for One Price! Don't miss this unique opportunity to own two homes for just $140,000! Whether you're looking for an income-producing property or a flexible living arrangement, this property offers incredible potential. The front house features 3 bedrooms and 1 full bathroom, providing comfortable living space with plenty of room. The back house includes 2 bedrooms and 1 bathroom, perfect for extended family, guests, or rental income. Both homes are in very nice condition, making this a move-in ready investment with multiple possibilities: Live in one home and rent the other for extra income Create a mother-in-law or guest quarters Use as a dual rental property for strong investment potential Ideal for multi-generational living Properties with this kind of flexibility are rare. With two homes on one property, the options are endless! Schedule a showing today and explore the possibilities!

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Single Family Active

Price

$ 140,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,789

Style

Lot Size

0.179

Year Built

1919

Town/City

Villa Grove

County/Region

Douglas

MLS | Web ID

12583733
Features
General
Living Area 1408
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Appliances Refrigerator Gas Cooktop Gas Oven
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 1919
Township Camargo
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Douglas
New Construction N
Property Type Residential Detached Single
Total Rooms 5
Full Baths 1
Status Active
Directions 4 way stop go east turn north on 4th street. Turn east on Elm St the houses are on the east side of the street.
High School Villa Grove High School
City Villa Grove
High School District 302
MLS Area Southern Champaign County / Douglas County
Elementary School Villa Grove Elementary School
Tax Annual Amount 1789.46
Middle/Junior High School Villa Grove Junior High School
Standard Status Active
Middle/Junior School District 302
Elementary School District 302
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Interior
Basement None
Half Baths 0
Total Bedrooms 3
Below Grade Finished Area 0
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 3
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Exterior
Water Source Public
Total Parking 0
Lot Dimensions 50X142
Lot Size Acres 0.179
Waterfront Y/N N
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* Excluded Features
List By
Heartland Real Estate Of Central Illinois, Inc

Broker

ceversolegunter@gmail.com

Email

Affordability Calculator

$1,011
Per Month
85%
15%
0%
Monthly Principal & Interest
$862
Monthly Property Taxes
$149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1876402 Elementary School
1876401 Middle School
Villa Grove High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/5/2026$140,000 Listed Price

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501 N Third Street, Villa Grove, IL, 61956 is a Single Family Home for sale at $140,000 with 1,408 sqft and a lot size of 0.179. 501 N Third Street has 3 bedrooms, 1.0 baths, and was built in 1919. The property's zip code is 61956 which is in Villa Grove, IL

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