501 SW 3rd Street
Aledo, IL 61231
0
Bed
5
Bath
0.13Acre(Lot)
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
Property Details
Map
Map
Features
-
Bathroom Information
Total Baths: 5Interior Features
Roof: AsphaltRoofing Information
Asphalt -
Flooring Information
Construction Materials: Vinyl Siding -
Heating & Cooling
Heating: Baseboard WaterSource: Public
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Building Information
Year Built: 1954 -
Exterior Features
Lighting Construction Materials: Vinyl Siding
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Lot Information
Lot Dimensions: 96x60 Lot Description: Corner Lot, Level Lot Acres: 0.13 Lot Size: Less Than .25 AcreProperty Information
Property Type: Residential Income Sub Type: Two to Four Units
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Listing Price Information
Original List Price:$189500
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Tax Information
Annual Tax: $5931 Tax Year: 2024 Parcel Number: 101017356017
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Parking Information
Total Parking: 6 Off Street, Yes, Owned Is Parking Included in Price: Yes
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School Information
Elementary School: Apollo Elementary School Junior High School: Mercer County Junior High School Senior High School: Mercer County High School -
Utility Information
Sewer: Public Sewer Water Source: Public -
Location Information
City: Aledo Direction: From Hwy 67, Turn West onto Hwy 17, Property is on the North side of the road between SW 5th Ave & SW 6th Ave
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 504 N College Avenue, Aledo, IL, 61231 | $80,000 | 4 | 2 | 2,277 | 2,277 SqFt |
| 137 Countryview Court, Aledo, IL, 61231 | $380,000 | 2 | 2 | 1,213 | 1,213 SqFt |
| 135 Countryview Court, Aledo, IL, 61231 | $380,000 | 2 | 2 | 1,213 | 1,213 SqFt |
| 409 233rd Street, Aledo, IL, 61231 | $214,900 | 3 | 2 | 1,335 | 1,335 SqFt |
| 608 W Main Street, Aledo, IL, 61231 | $145,000 | 3 | 2 | 1,592 | 1,592 SqFt |
| 108 NE 5th Avenue, Aledo, IL, 61231 | $173,000 | 3 | 2 | 2,494 | 2,494 SqFt |
| 708 S College Avenue, Aledo, IL, 61231 | $182,000 | 3 | 3 | 2,756 | 2,756 SqFt |
| 1208 SW 3rd Avenue, Aledo, IL, 61231 | $105,000 | 1 | 1 | 832 | 832 SqFt |
| 503 NE 3rd Street, Aledo, IL, 61231 | $140,000 | 2 | 2 | 1,931 | 1,931 SqFt |
| 409 SW 8 Avenue, Aledo, IL, 61231 | $54,000 | 2 | 1 | 1,704 | 1,704 SqFt |
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ByOwner last updated this listing 06/24/2026 @ 06:20
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