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501 N Third Street Villa Grove, IL 61956 Residential - Single Family Active

  • 501 N Third Street, Villa Grove, IL 61956 Main Photo

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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!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,408
Built in 1919
Elementary School: Villa Grove Elementary School
High School: Villa Grove High School
Middle School: Villa Grove Junior High School

General Information

Bedrooms: 3
Bathrooms: 1
Sqft: 1,408
County: Douglas
High School: Villa Grove High School
Listed By:
Heartland Real Estate of Central Illinois, Inc 217-352-4288
MRED MLS

Room Information

Bedroom 2: 12X15
Bedroom 3: 15X10
Kitchen: 27X10
Laundry: 5X3
Living Room: 11X15
Primary Bedroom: 13X13
$140,000
Est. $958/mo
3beds
1baths
1,408sqft
Active
BEDS3 BATHS1 full SQUARE FEET1,408 MLS#12583733
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLDistrict 302

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501 N Third Street, Villa Grove, IL 61956.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $140,000$140,000$140,000
Down Payment $28,000$4,900$35,000
Monthly Mortgage Amount $663$824$851
Taxes $195$195$195
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$62$0
Monthly Estimated Total $958$1,181$1,146

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