Residential Income for Sale: 509 3rd, Sterling, IL 61081

4 beds
$150,000
$150,000
509 3rd, Sterling, IL 61081
4 beds
$150,000
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Floor Plans
Price:
$150,000

Type Residential Income
Beds 4
Year Built 1900

City Sterling
County Whiteside
School District 5

MLS 12121158
Status Active
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!

Room Features

Basement Description Unfinished

Virtual Tours for 509 3rd Sterling, IL

Lot & Building Features

Heating Forced Air, Natural Gas
Parking Description Garage
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 50X135 ft

Community and Schools

Elementary School 5

Price History of 509 3rd, Sterling, IL

Date Name Price Difference
12/31/1969 Listing Price $150,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Nicolette Henington
Direct: 708-670-6774
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by RE/MAX Sauk Valley, Tim McCaslin & Jim Cesarek
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1%
6.75%
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509 3rd (MLS #12121158) is a residential income listing located in Sterling, IL. This property was listed on 07/25/2024 and has been priced for sale at $150,000.

Nearby zip codes are 61, 60181, 61071, 61081 1085 and 61367. This property neighbors other cities such as Nelson, Rock Falls and Sublette.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Sauk Valley