509 3rd Avenue

Sterling, IL 61081

$150,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great cash flow property with a turn key investment. The property is a 2-story triplex is in a great neighborhood with units consisting of a two bedroom, one bedroom, and a studio. The studio was completely renovated in 2019, giving it a modern and updated feel. The property features a new roof installed in 2018 and new windows added in 2021, ensuring good insulation and protection from the elements. It also boasts a large porch at the front and a rear screened-in porch, providing extra space for...Great cash flow property with a turn key investment. The property is a 2-story triplex is in a great neighborhood with units consisting of a two bedroom, one bedroom, and a studio. The studio was completely renovated in 2019, giving it a modern and updated feel. The property features a new roof installed in 2018 and new windows added in 2021, ensuring good insulation and protection from the elements. It also boasts a large porch at the front and a rear screened-in porch, providing extra space for tenants to enjoy. Additionally, there is a three-car garage that can be rented out for added income. The original woodwork adds charm and character to the units, attracting high-quality tenants who appreciate quality craftsmanship. Tenants are responsible for taking care of the landscaping, which can save on maintenance costs. The property commands impressive rent rates due to its desirable features and excellent condition. Rents are 1000.00, 730.00 and 750.00. Two of the tenants are 60+ yr old sisters that have lived in the two bed and one bed for over 15 yrs. Spacious main floor, 2 bedroom, 1 bathroom. Second floor has 1 bedroom, 1 bathroom apartment and furnished studio apartment. Landlord pays all utilities. Average $500 per month. Current tenants are Month to Month. Don't miss out on this amazing income generating opportunity!
  1. Listed by Tim McCaslin • RE/MAX Sauk Valley
  2. Listed by Jim Cesarek • RE/MAX Sauk Valley

Property Details for 509 3rd Avenue

Area
Sterling
Township
Sterling
Ownership
Fee Simple
Num Of Garage Spaces
3.0
Num Of Parking Spaces
3.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI
LISTING UPDATED: 11/07/2024 12:07 AM

Property Details for 509 3rd Avenue

StatusActive
MLS #12121158
Days on Market115
Taxes$1,594 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / Converted Residence
Year Built1900
Lot Size0.15 AC / 6,750 SF
CountyWhiteside County

Building Information for 509 3rd Avenue

Stories-Residences3Year Built1900Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 509 3rd Avenue

General Information
School Information
  • Elementary School District: 5
  • High School District: 5
  • Middle Or Junior School District: 5
Addtl Parking Information
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 9
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 4
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X135
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Asbestos Siding
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-07-25T18:21:21
  • Green Supporting Documents: N
  • Photos Count: 18
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $730.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 06/24
Unit 2
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 06/24
Unit 3
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/24

Property History for 509 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 509 3rd Avenue

Taxable ValueLand$4,305Additions$10,901Total$15,206
Tax Record2023$1,594 ($133 / month)
Home Facts
Beds0Lot Size6,750 SqFtStyleSingle Family ResidenceCountyWHITESIDEAPN1121434006

Schools near 509 3rd Avenue

This home is within Sterling Community Unit School District 5.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Franklin Elementary School
PublicPK to 2

Challand Middle School
Public6 to 8

Sterling High School
Public9 to 12

Washington Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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509 3rd Avenue is a multi-family home for sale in Sterling, IL 61081. This property was listed for sale on July 25, 2024 by RE/MAX Sauk Valley, it's currently listed at $150,000. It has been on the market for a total of 115 days and was last sold on March 1, 2019. This listing's school district is Sterling Community Unit School District 5. Nearby schools include Franklin Elementary School, Challand Middle School and Sterling High School. 509 3rd Avenue is a 4-bed, 3-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Sauk Valley

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/07/2024 12:07 AM. 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.