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!
Active
$150,000
509 3rd Ave, Sterling, IL 61081
4beds
--sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Original woodworkRear screened-in porch
- 24 days
- on Zillow |
- 139 |
- 5 |
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#: 12121158

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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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