Sterling, IL 61081,509 3rd AVE
Sterling, IL 61081,509 3rd AVE
Sterling, IL 61081,509 3rd AVE
Sterling, IL 61081,509 3rd AVE
Sterling, IL 61081,509 3rd AVE
Sterling, IL 61081,509 3rd AVE
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$ 150,000
Est. payment | /mo

4 Beds

3 Baths


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$ 150,000
Est. payment | /mo
Save

4 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12121158

Bedrooms 4

Year Built 1900

Annual Tax Amount $1,594

Tax Year 2023

Lot Dimensions 50X135

Property Description

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!

Location

State IL

County Whiteside

Area Sterling

Zoning MULTI

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Parking Features Detached

Garage Spaces 3.0

Community Features Curbs, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 5 , 5, 5

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Tim McCaslin • RE/MAX Sauk Valley

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Sarah Leonard

Broker | Owner

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509 3rd AVE