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509 3rd Avenue

Sterling, IL 61081

4 beds
3 baths
– sqft
6,750 sqft lot
1900 build
– on site

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!

Listing courtesy of MRED / RE/MAX Sauk Valley as distributed by MLS GRID

Last checked: Checking… • Last updated Nov 27, 2024 •

MLS# 12121158 —

The Building

Year Built:

1900
Rebuilt:

No
New Construction:

false
Roof:

Asphalt
Basement:

Full
Foundation Details:

Concrete Perimeter

Interior

Rooms Total:

9

Location

Directions:

From East 5th Street turn North on 3rd Avenue
Location:

93115

The Property

Parcel Number:

11214340060000
Property Type:

Residential Income
Lot Size Dimensions:

50X135
Zoning:

MULTI
Waterfront:

false
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

1594

Beds

Bedrooms Total:

4
Bedrooms Possible:

4

Baths

Baths:

3
Full Baths:

3

The Listing

Virtual Tour Unbranded:

Virtual Tour
Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas, Forced Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary School District:

5
Middle Or Junior School District:

5
High School District:

5

The Community

Community Features:

Curbs, Street Lights, Street Paved

Parking

Parking Total:

3
Garage Type:

Detached
Garage Spaces:

3
Garage Onsite:

Yes
Garage Ownership:

Owned

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
11/1/24 Nov 1, 2024	Listed / Active	MRED	$150,000
10/8/24 Oct 8, 2024	Sold Subject To Contingencies	MRED	$150,000
7/25/24 Jul 25, 2024	Listed / Active	MRED	$150,000

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This multifamily located in West Broadway, Sterling, IL 61081 is currently for sale for $150,000. 509 3rd Avenue is a – square foot multifamily with 4 beds and 3 baths that has been on Estately for 150 days. 509 3rd Avenue is in the West Broadway neighborhood of Sterling and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of Sterling High School.

Listing courtesy of MRED, RE/MAX Sauk Valley, and Tim McCaslin as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2024 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Nov 27, 2024, 08:10 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.