Contact us: 563.441.1776
Description
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!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 3,420
County: Mercer
Listed By:
eXp Realty
833-835-5566
MRED MLS
MLS ID: QC4268695
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501 SW 3rd Street, Aledo, IL 61231.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $189,500 | $189,500 | $189,500 |
| Down Payment | $37,900 | $6,633 | $47,375 |
| Monthly Mortgage Amount | $885 | $1,116 | $1,152 |
| Taxes | $264 | $264 | $264 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $83 | $0 |
| Monthly Estimated Total | $1,249 | $1,563 | $1,516 |
Disclaimer:
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 04/19/2026. The listing information on this page last changed on 04/19/2026. 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 Sun 04/19/2026 12:00:53 AM EST) or MRED MLS (last updated Sat 04/18/2026 11:57:50 PM EST) or SCWMLS (last updated Sat 04/18/2026 11:54:49 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 04/18/2026 10:15:21 PM EST) or Cedar Rapids MLS (last updated Sat 04/18/2026 10:44:13 PM EST) or NEIRBR MLS (last updated Sat 04/18/2026 11:58:41 PM EST) or ICAAR MLS (last updated Sat 04/18/2026 11:37:25 PM EST) or ECIMLS (last updated Sat 04/18/2026 11:44:13 PM EST) or RMLSA (last updated Sat 04/18/2026 11:50:56 PM EST) or Muscatine MLS (last updated Sat 04/18/2026 11:45:24 PM EST) or No Coast MLS (last updated Sat 04/18/2026 11:54:19 PM 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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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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