501 N Third Street, Villa Grove, IL
  • $140,000

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!

  • Listing Courtesy of: Heartland Real Estate of Central Illinois, Inc

Details

Updated on June 20, 2026 at 6:48 am
  • Property ID MRD12583733
  • Price $140,000
  • Property Size 1408 Sq Ft
  • Land Area 0.179 Acres
  • Bedrooms 3
  • Bathroom 1
  • Year Built 1919
  • Property Type Single Family
  • Property Status Active Under Contract
  • Parcel Number 04030230800500
  • Water Source Public
  • Sewer Public Sewer
  • MLS Status Contingent
  • Days On Market 96
  • Living Area 0.179
  • Cumulative Days On Market 97
  • Tax Annual Amount 1789.46
  • Cooling Central Air
  • Heating Natural Gas
  • Appliances Refrigerator,Gas Cooktop,Gas Oven
  • Directions 4 way stop go east, turn north on 4th street. Turn east on Elm St the houses are on the east side of the street.
  • Association Fee Frequency Not Applicable
  • Address 501 N Third Street
  • City Villa Grove
  • State/county IL
  • Zip/Postal Code 61956
  • Country United States

Overview

Property ID: MRD12583733
  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 1
  • Bathroom
  • 1408 Sq Ft
  • Area Size
  • 1919
  • Year Built

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