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501 SW 3RD Street

Aledo, IL 61231
  • $209,900
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: QC4268695
$209,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1954
County:
Area:

School Ratings & Info

Description

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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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-07T21:07:13.96 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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501 SW 3RD Street Aledo, IL 61231

  • Price: $209,900
  • Status: Active
  • On Site: 50 Days
  • MLS #: QC4268695
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1954
Built
Neighborhood:
Mercer
County:
Mercer
Area:
Mercer
Property Description
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!
Exterior Features

Frontage Type Paved

Interior Features

Cooling Window Unit(s) Heat Ventilation Other Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 3 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 3420 Built Before1978 YN Yes Electric Separate Meters Geographic Locale Central Illinois Gross Income 28980 Gross Scheduled Income 28980 Insurance Expense 0 Leasable Area 0 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 18706 Operating Expense 4850 Property Offered For Sale Only Tax Annual Amount 5423.64 Tax Year 2024 Total Monthly Income 0 Type Multi Family 5+

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty: 833-835-5566.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-07T21:07:13.96 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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