Active

501 3RD Street

Aledo, IL 61231
$189,500 ▼ $23,500 from $213,000
0beds
0baths
sqft
0.13acres
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About this home

Check out this Fabulous Apartment Building! This well maintained building features 5 separate apartments and is located within walking distance to schools, parks, churches, the YMCA, Historical Downtown Aledo, Restaurants, Shopping, Movie Theater, and More! The front of the building was previously used as an office space, but has been converted into an efficiency apartment. The main level features 2 more apartments that each have 2 bedrooms. The 3 main level apartments are Handicap Accessible. The upper level offers 2 One bedroom apartments. This building has been well maintained and recently updated items include: siding, flooring, insulation, appliances, downspouts, heating & A/C units, and more! All 5 units are currently tenant occupied. The new owner would take over the leases and begin making residual income immediately!
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1954
Fireplaces0
Lot size0.13 acres
Annual tax$5,423.64
CountyMercer
MLS #MRDQC4268695
Days on market176

Features

Cooling
Window Unit(s)
Construction
WoodVinyl Siding
Listed by
eXp Realty
Starr Fell · 309-582-6425

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/17/2026, 7:35:02 PM. All data should be independently verified.

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