Lisa Deines
Ruhl&Ruhl REALTORS Davenport
(309) 328-8017
119 Total Sales
2 in Aledo
$199,900 Price Range
501 SW 3rd St Aledo, IL 61231
Aledo Area
6
Beds
5
Baths
3,420
Sq Ft
5,663
Sq Ft Lot
Highlights
- Corner Lot
- Baseboard Heating
- Multiple Water Heaters
- Ceiling Fan
About This Home
As of August 2026Well-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.
Last Agent to Sell the Property
eXp Realty Brokerage Phone: (309) 582-6425 License #471017922 Listed on: 04/25/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,931
Year Built
- Built in 1954
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 96x60
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 6 Parking Spaces
- Parking Available
- Off-Street Parking
- Parking Included in Price
Schools
- Apollo Elementary School
- Mercer County Junior High School
- Mercer County High School
Utilities
- Baseboard Heating
- Multiple Water Heaters
Additional Features
- Ceiling Fan
- Exterior Lighting
Community Details
- 4 Units
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 3, 2014
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Aledo, IL
-
Lisa Deines
-
Heidi Colbrese
Heidi Colbrese
Ruhl&Ruhl REALTORS Moline
(563) 723-8499
177 Total Sales
6 in Aledo
$90K - $220K Price Range
-
Mike Pezley
Mike Pezley
RE/MAX Concepts Bettendorf
(563) 723-0826
171 Total Sales
3 in Aledo
$130K - $151K Price Range
-
Barbara Scott
Barbara Scott
Home Sweet Home Realty
(319) 671-6332
136 Total Sales
1 in Aledo
$70,000 Price
-
Jeff Norton
Jeff Norton
Responds QuicklyMel Foster Co. Moline
(563) 200-5749
69 Total Sales
2 in Aledo
$25,000 Price Range
-
Deb McGrath
Deb McGrath
Responds QuicklyRuhl&Ruhl REALTORS Bettendorf
(563) 723-8457
118 Total Sales
8 in Aledo
$130K - $415K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $140,000 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2026 08/18/26 | Sold | $158,000 | -12.0% | $46 / Sq Ft |
| 07/18/2026 07/18/26 | Pending | -- | -- | -- |
| 06/24/2026 06/24/26 | Price Changed | $179,500 | -5.3% | $52 / Sq Ft |
| 04/25/2026 04/25/26 | For Sale | $189,500 | -- | $55 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,931 | $67,070 | $4,970 | $62,100 |
| 2024 | $5,931 | $62,160 | $4,605 | $57,555 |
| 2023 | $5,424 | $56,565 | $4,190 | $52,375 |
| 2022 | $4,874 | $55,850 | $4,135 | $51,715 |
| 2021 | $4,808 | $50,490 | $3,740 | $46,750 |
| 2020 | $4,839 | $49,315 | $2,295 | $47,020 |
| 2019 | $4,648 | $46,655 | $2,170 | $44,485 |
| 2018 | $4,491 | $47,945 | $2,230 | $45,715 |
| 2017 | $4,417 | $45,360 | $2,110 | $43,250 |
| 2016 | $4,158 | $42,390 | $1,970 | $40,420 |
| 2015 | $4,155 | $42,860 | $1,990 | $40,870 |
| 2014 | $4,187 | $44,370 | $2,060 | $42,310 |
| 2013 | $4,172 | $44,370 | $2,060 | $42,310 |
| 2010 | $4,234 | $46,165 | $2,145 | $44,020 |
Source: Public Records
Agents Affiliated with this Home
-
Starr Fell
Seller's Agent in 2026
Starr Fell
eXp Realty
(309) 582-6425
457 Total Sales
-
Zach Frick
Seller Co-Listing Agent in 2026
Zach Frick
eXp Realty
(309) 738-8708
430 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12629533
APN: 10-10-17-356-017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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