501 SW 3rd St Aledo, IL 61231
Aledo AreaEstimated payment $1,469/month
Highlights
- Corner Lot
- Baseboard Heating
- Multiple Water Heaters
- Ceiling Fan
About This Home
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 Agent
eXp Realty Brokerage Phone: (309) 582-6425 License #471017922 Listed on: 04/25/2026
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
|---|---|---|---|---|
| 07/18/2026 07/18/26 | Pending | -- | -- | -- |
| 06/24/2026 06/24/26 | Price Changed | $179,500 | -5.3% | -- |
| 04/25/2026 04/25/26 | For Sale | $189,500 | -- | -- |
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: Midwest Real Estate Data (MRED)
MLS Number: 12629533
APN: 10-10-17-356-017
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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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- 502 SW 8th Ave
- 0 Illinois 17
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- 0 NW 7th Ave
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- 407 NE 3rd Ave
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- 1208 SW 3rd Ave
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- 314 Oakview Dr
- 1204 NE 5th Ave
- Lot 1 SE 13th Avenue Ct
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- Lot 3 SE 13th Avenue Ct
- Lot 6 SE 13th Avenue Ct
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