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501 SW 3rd Street

Aledo, IL 61231

501 SW 3rd Street, Aledo, IL 61231 — exterior front view
501 SW 3rd Street, Aledo, IL 61231 — exterior view
501 SW 3rd Street, Aledo, IL 61231 — exterior view

501 SW 3rd Street

Aledo, IL

$179,500

ContingentMLS #MRD12629533

501 SW 3rd Street

Aledo, IL 61231

$179,500

Reduced $10,000

List Price

Studio

Layout

5

Bathrooms

About This Property

Well-maintained 5-unit apartment building located within walking distance to schools, parks, churches, the YMCA, historic downtown Aledo, restaurants, shopping, and a movie theater. This property offers a strong investment opportunity with multiple unit types and a convenient in-town location. The building consists of five units, including one efficiency apartment (formerly office space) located at the front of the building, two 2-bedroom units on the main level, and two 1-bedroom units on th...

Property Details

Key Facts

Overview
Property TypeResidential Income
BedroomsStudio
Bathrooms5
Days on Market85
Building
StyleOther
Year Built1954
Lot Size0.13 Acres
CountyMercer
HeatingBaseboard
BasementNone
ExteriorVinyl Siding
RoofAsphalt
Parking Spaces6
WaterPublic
SewerPublic Sewer
Lot Size0.13 Acres
Lot Dimensions96x60
Lot FeaturesCorner Lot, Level
MLS #MRD12629533
Days on Market85
List DateApril 25, 2026
StatusUnder Contract
Annual Taxes$5,931
Listing Courtesy OfeXp Realty

Price reduced

$179,500

$10,000

Jun 24, 2026

Listed for sale

MLS #MRD12629533

$189,500

Apr 25, 2026

Mortgage Estimate

$1,402

/month
Principal & Interest
$908
Property Taxes
$494
20% · $35,900
6.5%

Location

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501 SW 3rd Street, Aledo, IL 61231

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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.

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