3 months on rocket

509 3rd Ave, Sterling, IL, 61081

$150,000

Home List Price

$1,781*

Closing Credit

4 Bedrooms
3 Baths
House

Location

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509 3rd Ave, Sterling$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage3 spaces
Year Built1900
HeatingNatural Gas, Forced Air
BasementYes
MLS #12121158
StatusActive
(Re-activated)

About 509 3rd Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: RE/MAX Sauk Valley
  • Office Phone: (815) 625-3722
  • Listing Agent: Tim McCaslin

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Sterling High School, Public District Grades 9-12
  • Challand Middle School, Public District Grades 6-8
  • Lincoln Elementary School, Public District Grades 3-5

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000

Tax Information:

  • Annual Amount: $1,458
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sterling, IL.

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Sterling, IL

City

Med. Sold Price

$126.5K

Med. Price/SqFt

$98

Avg. Days On Market

33

# of Sold Homes

13

509 3rd Ave vs Sterling

102 DAYS ON ROCKET

+69 Days

$150,000

+$23.5K More

KEY TAKEAWAY

This property is $23.5K more than the Median Sold Price in Sterling, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12121158

Listing Office:

  • Office Name: RE/MAX Sauk Valley
  • Office Phone: (815) 625-3722
  • Listing Agent: Tim McCaslin

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

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 the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. 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. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 10:15:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 04, 2019Home Sold
$39,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,458$13,239
2019$2,119$19,015
2018$2,097$19,046
2017$2,101$18,916

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1739093
4
/10

  • Lincoln Elementary School

  • 1501 E 6th St

  • 0.84 miles

  • Public District Grades 3-5

Middle School

school-card-donut-1739094
5
/10

  • Challand Middle School

  • 1700 6th Ave

  • 0.89 miles

  • Public District Grades 6-8

High School

school-card-donut-1739095
5
/10

  • Sterling High School

  • 1608 4th Ave

  • 0.77 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,897. The majority of Sterling, IL residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 509 3rd Ave

What is the listing price of this property?

The listing price of 509 3rd Ave property is $150,000.

What type of property is this?

The property 509 3rd Ave is a house located in Sterling, Illinois, 61081.

Is this property for sale now?

Active Listing: 509 3rd Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 509 3rd Ave are:
Lincoln Elementary School: GreatSchools Rating 4/10
Challand Middle School: GreatSchools Rating 5/10
Sterling High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,458 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 4, 2019 for $39,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 509 3rd Ave has 4 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 509 3rd Ave is 1900.

Rocket Homes›Illinois›Whiteside County›Sterling›61081›509 3rd Ave

This home is located at 509 3rd Ave in Sterling, IL and zip code 61081. This home was built in 1900. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $150,000.

While more than 3 listings in Sterling, IL in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 8 were sold below. The inventory of homes for sale in Sterling, IL between September 2024 and October 2024 decreased by 1.3%. Listings spent 33 days on the market in October 2024, and had a median list price of $126,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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