Jenny Wright

Real Estate Advisors License ID: 475.202220

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$ 158,000

$ 179,500 12.0%

Est. payment -/mo

Sold on 08/18/2026

501 SW 3rd ST Aledo, IL 61231

5 Baths

5,662 Sqft Lot

UPDATED:

Key Details

Sold Price $158,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12629533

Sold Date 08/18/26

Year Built 1954

Annual Tax Amount $5,931

Tax Year 2024

Lot Size 5,662 Sqft

Lot Dimensions 96x60

Property Sub-Type Two to Four Units

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

Area Aledo

Rooms

Basement None

Interior

Heating Baseboard

Equipment Ceiling Fan(s), Multiple Water Heaters

Fireplace N

Exterior

Exterior Feature Lighting

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Corner Lot, Level

Building Description Vinyl Siding, No

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

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

Ownership Fee Simple

Special Listing Condition None

Listed by Starr Fell of eXp Realty
Bought with Zach Frick of eXp Realty

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Jenny Wright

Real Estate Advisors License ID: 475.202220

+1(312) 348-4497

GET MORE INFORMATION