Contact us: 563.441.1776
Description
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!
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 1,408
Built in 1919
Elementary School: Villa Grove Elementary School
High School: Villa Grove High School
Middle School: Villa Grove Junior High School
General Information
Bedrooms: 3
Bathrooms: 1
Sqft: 1,408
County: Douglas
High School: Villa Grove High School
Listed By:
Heartland Real Estate of Central Illinois, Inc
217-352-4288
MRED MLS
MLS ID: 12583733
Room Information
Bedroom 2: 12X15
Bedroom 3: 15X10
Kitchen: 27X10
Laundry: 5X3
Living Room: 11X15
Primary Bedroom: 13X13
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501 N Third Street, Villa Grove, IL 61956.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $140,000 | $140,000 | $140,000 |
| Down Payment | $28,000 | $4,900 | $35,000 |
| Monthly Mortgage Amount | $663 | $824 | $851 |
| Taxes | $195 | $195 | $195 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $62 | $0 |
| Monthly Estimated Total | $958 | $1,181 | $1,146 |
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