501 SW 3rd Street, Aledo, IL 61231
501 SW 3rd Street, Aledo, IL 61231
501 SW 3rd Street, Aledo, IL 61231
501 SW 3rd Street, Aledo, IL 61231
501 SW 3rd Street, Aledo, IL 61231
501 SW 3rd Street, Aledo, IL 61231
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Pumsu Lim

Pumsu Lim

+1(506) 970-3459
Listed by Starr Fell • eXp Realty
$ 189,500
Est. payment | /mo

5,662 Sqft Lot

Save
$ 189,500
Est. payment | /mo
Save

5,662 Sqft Lot

Key Details

Property Type Other Types

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

Lot Size 5,662 Sqft

MLS Listing ID 12629533

Total Units 4

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.

Location

State IL

County Mercer

Community Curbs, Sidewalks, Street Lights, Street Paved

Rooms

Basement None

Interior

Heating Baseboard

Fireplace N

1-purchase type For Sale

Exterior

Exterior Feature Lighting

Waterfront false

Water View true

Roof Type Asphalt

Parking Type Off Street, Yes, Owned

Building

Lot Description Corner Lot, Level

New Construction false

Lot Dimensions 96x60

Sewer Public Sewer

Water Public

Schools

Elementary Schools Apollo Elementary School

Middle Schools Mercer County Junior High School

High Schools Mercer County High School

School District 404, 404, 404

Others

Tax Amount $5,424

Tax Year 2024

Ownership Fee Simple

Special Sale None

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