501 SW 3rd Street, Aledo, IL 61231

Aledo
Local realty services provided by:Better Homes and Gardens Real Estate Connections
501 SW 3rd Street,Aledo, IL 61231
$179,500
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: starr fell, zach frick
Office: exp realty
MLS#:12629533
Source:MLSNI

Price summary

  • Price:$179,500

About this home

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...

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Home facts

  • Year built:1954
  • Listing ID #:12629533
  • Updated:August 01, 2026 at 10:28 AM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Asphalt
  • Year built:1954
  • Lot area:0.13 Acres
  • Lot Features:Corner Lot

Schools

  • High school:Mercer County High School
  • Middle school:Mercer County Junior High School
  • Elementary school:Apollo Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$179,500
  • Tax amount:$5,931 (2024)

Features and amenities

  • Amenities:Ceiling Fan(s), Multiple Water Heaters

Parking

  • Total parking spaces:6
  • Parking description:Off Street
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