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Active
  • $150,000

    509 3rd Ave, Sterling, IL 61081

    4beds
    --sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Original woodworkRear screened-in porch
    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!
    24 days
    on Zillow
    |
    139
    |
    5
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    Zillow last checked: 7 hours ago

    Listing updated: April 23, 2025 at 10:07pm

    Listing courtesy of:

    Tim McCaslin 815-716-7653,

    RE/MAX Sauk Valley,

    Jim Cesarek 815-716-0976,

    RE/MAX Sauk Valley

    Source: MRED as distributed by MLS GRID,MLS#: 12121158MLS Logo
    Travel times

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    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 3
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 3
    Lot
    • Size: 6,750 Square Feet
    • Dimensions: 50X135
    Details
    • Parcel number: 11214340060000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Asbestos
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Street Lights, Street Paved
    Location
    • Region: Sterling

    Financial & listing details

    • Tax assessed value: $15,206
    • Annual tax amount: $1,594
    • Date on market: 4/1/2025
    • Ownership: Fee Simple
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