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501 SW 3rd Street, 
Aledo, IL 61231

$189,500


Bed


5

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Starr Fell

Zach Frick

eXp Realty

Last updated:

April 27, 2026, 01:44 PM

MLS#

12629533

Source:

MLSNI

About This Home

501 SW 3rd Street

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.

Home Facts

Multi-Family

5 Baths

Built in 1954

Price Summary

189,500

MLS #:

12629533

Last Updated:

April 27, 2026, 01:44 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5


Structure

Structure

Year Built:

1954


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$189,500

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.