509 3rd Avenue
$150,000
4
3
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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!
- Listed by Tim McCaslin • RE/MAX Sauk Valley
- Listed by Jim Cesarek • RE/MAX Sauk Valley
Property Details for 509 3rd Avenue
Area
Sterling
TownshipSterling
OwnershipFee Simple
Num Of Garage Spaces3.0
Num Of Parking Spaces3.0
Heat/FuelNatural Gas, Forced Air
ZoningMULTI
LISTING UPDATED: 11/07/2024 12:07 AM
Property Details for 509 3rd Avenue
Status | Active |
---|---|
MLS # | 12121158 |
Days on Market | 115 |
Taxes | $1,594 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / Converted Residence |
Year Built | 1900 |
Lot Size | 0.15 AC / 6,750 SF |
County | Whiteside County |
Building Information for 509 3rd Avenue
Stories-Residences3Year Built1900Building Size-Lot Size0.15 AC / 6,750 SF
Property Information for 509 3rd Avenue
Property History for 509 3rd Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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