$160,000
105 NE 5th Ave Unit 109, Aledo, IL 61231
Fully occupied 4-plex: 2 units are 2 bedroom, 1 bathroom and the other 2 are 1 bedroom, 1 bathroom. Bottom unit of up/down side has forced gas (furnace) heat and the other units are all electric baseboard. All 4 units use window units for AC. Must have 24 hour notice for tenants before showings.
Melissa Tapia RE/MAX Concepts Bettendorf
$285,000
802 SW 9th St Unit 6, Aledo, IL 61231
This six plex is full vacancy and offers a new roof, water heater and many interior updates to include appliances, flooring, paint. Each unit has its own patio out back for additional living space. One unit is in need of repairs and is currently in the process of aligning the work to be complete before a closing occurs. An attached storage unit is a great addition to store extra supplies for the
Stephanie Simmons KW 1Advantage
$179,000
610 SW 2nd St Unit 3, Aledo, IL 61231
Fully occupied Triplex on a corner lot in the heart of town. New Roof Fall 2024, Freshly painted to include the common area with coin operated washer and dryer onsite. On street parking and parking to the west of the building. Tenants pay own water, sewer and electric bills. Extra storage onsite. Please note Unit 3 has nonconforming windows in 2 bedrooms. New smoke alarms in building. Trash
Stephanie Simmons KW 1Advantage
Aledo, IL, honors its farming past while inviting revitalization. The city reveres its history as a farming and manufacturing community and welcomes redevelopment, including new residential subdivisions. Aledo has a low crime risk compared to the national average, fostering a safe environment for its residents. The downtown historic district features original architecture, brightly painted murals, and locally owned businesses. Popular spots include Cheers on Main, Happy Joe's Pizza & Ice Cream, and Koffee Junktion. Grocery shopping is convenient with Walmart and Mercer Market, and the Main Street Farmers Market offers seasonal produce from June to September. Housing options range from bungalows and ranch-style homes to large Cape Cods and Colonial-inspired houses, with new developments like Sponsler Manor Third Addition expanding the community. Central Park hosts events and performances, while North Side Ball Park and Oak View Country Club provide recreational spaces. The Aledo Park District Swimming Pool is a summer favorite, and plans for a new downtown aquatic center are underway. The city is within 20 miles of Mark Twain National Wildlife Refuge and Big River State Forest, offering hiking, fishing, and skiing opportunities. Aledo's event calendar includes the Rhubarb Fest, Antique Days, and the annual Mercer County Fair. State Routes 94 and 17 connect residents to the Quad Cities and Quad Cities International Airport, 30 miles away. Mercer County schools have high ratings and emphasize community service, contributing to the city's welcoming atmosphere.
On average, homes in Aledo, IL sell after 29 days on the market compared to the national average of 70 days. The median sale price for homes in Aledo, IL over the last 12 months is $123,000, up 72% from the median home sale price over the previous 12 months.
In Aledo, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $160,000 to $285,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Aledo is $132,950, while the average sale price is $138,470, offering insights into the local housing market. On average, multi-family homes spend 29 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Aledo, IL.
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