Contact us: 563.441.1776
Description
Discover a rare opportunity designed for flexibility, comfort, and possibility. Fully renovated in 2025, this thoughtfully updated property offers an ideal setup for a mother-in-law suite, multigenerational living, an older child wanting their own space, or an owner-occupied home with rental income potential. The main two-story living space offers comfortable everyday living with three bedrooms, a bright living room, informal dining area, kitchen, and a beautifully updated full bathroom upstairs. The basement adds even more living space with a welcoming family room, additional bathroom, and laundry?perfect for movie nights or hobbies. A separate main-level side unit provides its own sense of independence while remaining connected to the property. This flexible space features a bedroom, living room combo, den or office area, kitchen, bathroom, and its own laundry, making it ideal for extended family, guests, a private mother-in-law suite, or potential rental income. Nearly every major component has been updated in 2025, including new electrical, PEX plumbing, HVAC, shingles and gutters, landscaping, a newly designed front porch area, brand-new interior finishes, and new appliances in both units. Outside, you'll find a backyard shed for extra storage and ample rear parking. Whether you're looking to bring family together while maintaining privacy or take advantage of built-in income potential, this versatile property offers a rare blend of flexible living options!
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,898
Built in 1941
High School: Dunlap
General Information
Bedrooms: 4
Bathrooms: 3
Sqft: 1,898
County: Peoria
High School: Dunlap
Subdivision: Alva
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-648-8187
RMLSA
MLS ID: PA1264664
Room Information
Bedroom 1: 13 X 11 Level - Main
Bedroom 2: 11 X 10 Level - Upper
Bedroom 3: 13 X 10 Level - Upper
Bedroom 4: 11 X 10 Level - Upper
Living Room: 18 X 15 Level - Main
Dining Room: 11 X 11 Level - Main
Kitchen: 11 X 11 Level - Main
Office: 14.02 X 8.06 Level - Main
Recreation Room: 15.08 X 9.07 Level - Basement
Additional Room: 9.08 X 6.11 Level - Main
Additional Room 2: 23 X 10.07 Level - Main
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408 N 3rd Street, Dunlap, IL 61525.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $275,000 | $275,000 | $275,000 |
| Down Payment | $55,000 | $9,625 | $68,750 |
| Monthly Mortgage Amount | $1,301 | $1,576 | $1,672 |
| Taxes | $383 | $383 | $383 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $121 | $0 |
| Monthly Estimated Total | $1,784 | $2,180 | $2,155 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/17/2026. The listing information on this page last changed on 03/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/17/2026 1:37:24 AM EST) or MRED MLS (last updated Tue 03/17/2026 1:29:05 AM EST) or SCWMLS (last updated Mon 03/16/2026 11:54:43 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 03/16/2026 10:15:30 PM EST) or Cedar Rapids MLS (last updated Mon 03/16/2026 10:44:29 PM EST) or NEIRBR MLS (last updated Tue 03/17/2026 1:18:42 AM EST) or ICAAR MLS (last updated Mon 03/16/2026 11:37:28 PM EST) or ECIMLS (last updated Mon 03/16/2026 11:44:14 PM EST) or RMLSA (last updated Tue 03/17/2026 1:10:55 AM EST) or Muscatine MLS (last updated Tue 03/17/2026 1:30:21 AM EST) or No Coast MLS (last updated Tue 03/17/2026 12:44:17 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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