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501 N Third Street, 
Villa Grove, IL 61956

$140,000

3

Beds

1

Bath

1,408

Sq Ft

Single Family

Active

Listed by

Cassandra Eversole-Gunter

Heartland Real Estate Of Central Illinois, Inc

Last updated:

March 27, 2026, 10:54 AM

MLS#

12583733

Source:

MLSNI

About This Home

501 N Third Street

501 N THIRD AND 506 E WILSON The seller is offering both of these houses on the same lot for $140,000.00 AND $10,000.00 CASH BACK AT CLOSING TO HELP YOU BUILD A GARGAE. DON'T MISS THIS ONE. Investment Opportunity - Two Homes for One Price! Don't miss this unique opportunity to own two homes for just $140,000! Whether you're looking for an income-producing property or a flexible living arrangement, this property offers incredible potential. The front house features 3 bedrooms and 1 full bathroom, providing comfortable living space with plenty of room. The back house includes 2 bedrooms and 1 bathroom, perfect for extended family, guests, or rental income. Both homes are in very nice condition, making this a move-in ready investment with multiple possibilities: Live in one home and rent the other for extra income Create a mother-in-law or guest quarters Use as a dual rental property for strong investment potential Ideal for multi-generational living Properties with this kind of flexibility are rare. With two homes on one property, the options are endless! Schedule a showing today and explore the possibilities!

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1919

Price Summary

140,000

$99 per Sq. Ft.

MLS #:

12583733

Last Updated:

March 27, 2026, 10:54 AM

Added:

24 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,408 Sq. Ft.

Structure

Structure

Building Area:

1,408 Sq. Ft.

Year Built:

1919

Lot

Lot Size (Sq. Ft):

7,797

Finances & Disclosures

Finances

Price:

$140,000

Price per Sq. Ft:

$99 per Sq. Ft.

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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.