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About the Listing 108270 - 1083165,1083562
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.
Listing Highlights
Status
Active
Days on Site
36
Property Type
Multi-Family
MLS ®
12629533
Year Built
1954
Total Square Footage
0
Lot/Acreage
0.13
County
Mercer
Area
Aledo
School District
404
Elementary School
Apollo Elementary School
Middle School
Mercer County Junior High School
High School
Mercer County High School
Interior Details
- Bedrooms: 0
- Bathrooms: 5 Full
- Appliances: Ceiling Fan(s),Multiple Water Heaters
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Level
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 96x60
- Roof: Asphalt
- Others: Lighting
- Sewer: Public Sewer
- Parking Features: Off Street,Yes,Owned
Financial Details
- Tax Amount: $5,424
- Taxes w/Assessments: N/A
- Tax/Property ID: 101017356017
- Tax Year: 2024
Payment Calculator
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Questions About..
501 SW 3rd St Aledo, IL 61231
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