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Sold for $75,000
  • $75,000

    105-109 NE 5th Ave, Aledo, IL 61231

    6beds
    5baths
    2,816sqft
    Multi Family, Quadruplex
    Built in 1938
    -- sqft lot
    $76,900 Zestimate®
    $27/sqft
    $734 Estimated rent

    Home value

    $76,900

    Estimated sales range

    Not available

    $734/mo

    Zestimate® history
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    What's special

    Prime Investment Opportunity: 105-109 Northeast 5th Street, Aledo! Unlock incredible income potential in the heart of Aledo with this well-maintained four-unit building. This property represents a premier opportunity for investors seeking immediate cash flow and long-term stability. The strategic layout features two spacious two-bedroom units alongside two efficient studio units, ensuring a diverse appeal that caters to a wide range of local rental needs. What truly sets this investment apart is the perfect balance of stability and immediate growth. The building is currently anchored by reliable, long-term tenants, providing a solid foundation for your portfolio from day one. Additionally, one unit is currently vacant and move-in ready, offering the immediate upside of placing a new tenant at current market rates or even pursuing an owner-occupied financing strategy. Located within easy reach of local Aledo schools, parks, and downtown amenities, this turnkey multi-family property is built to perform. Whether you are expanding an existing portfolio or looking for a strong entry into the market, this is an income-producer you don't want to miss.

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam J Merrick homes@adammerrick.com,

    Adam Merrick Real Estate

    Bought with:

    Non-Member Agent RMLSA

    Non-MLS

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1263753MLS LogoOriginating MLS: Peoria Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    Heating
    • Baseboard, Electric, Forced Air
    Appliances
    • Included: Gas Water Heater, Range, Refrigerator, Water Heater
    • Laundry: Private, Units Hook-Ups
    Features
    • Basement: Crawl Space,Partial,Unfinished
    Interior area
    • Total structure area: 2,816
    • Total interior livable area: 2,816 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Attached
    • Has attached garage: Yes
    Lot
    • Size: 7,405 Square Feet
    • Dimensions: 60 x 120
    • Features: Corner Lot, Level
    Details
    • Parcel number: 101017448003

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1938

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Original Town Aledo
    Location
    • Region: Aledo

    Financial & listing details

    • Price per square foot: $27/sqft
    • Tax assessed value: $131,235
    • Annual tax amount: $3,817
    • Date on market: 1/30/2026
    • Cumulative days on market: 258 days
    • Lease term: Variable
    • Tenant pays: Electricity
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/6/2026Listing removed$650
    Source: Zillow Rentals Report a problem
    4/7/2026Listed for rent$650
    Source: Zillow Rentals Report a problem
    4/6/2026Sold$75,000-37.5%$27/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1263753 Report a problem
    3/14/2026Pending sale$120,000$43/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1263753 Report a problem
    1/30/2026Listed for sale$120,000-7.7%$43/sqft
    Source: RMLS Alliance as distributed by MLS GRID #PA1263753 Report a problem
    12/23/2025Listing removed$130,000$46/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4263552 Report a problem
    9/25/2025Price change$130,000-7.1%$46/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4263552 Report a problem
    8/13/2025Price change$140,000-12.5%$50/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4263552 Report a problem
    5/23/2025Listed for sale$160,000+33.3%$57/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4263552 Report a problem
    3/30/2022Sold$120,000-3.9%$43/sqft
    Source: MRED as distributed by MLS GRID #QC4224031 Report a problem
    2/28/2022Pending sale$124,900$44/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4224031 Report a problem
    1/20/2022Price change$124,900-19.4%$44/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4224031 Report a problem
    10/22/2021Price change$154,900-3.1%$55/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4224031 Report a problem
    7/14/2021Listed for sale$159,900$57/sqft
    Source: RMLS Alliance as distributed by MLS GRID #QC4224031 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,817 +8%$43,745 +9.9%
    2023$3,535 +3%$39,810 +1.3%
    2022$3,430 +1.4%$39,305 +10.6%
    2021$3,383 +5.7%$35,530 +8.9%
    2020$3,202 +4.1%$32,630 +5.7%
    2019$3,075 +3.5%$30,870 -2.7%
    2018$2,971 +1.7%$31,720 +5.7%
    2017$2,922 +6.2%$30,010 +7%
    2016$2,751 +0.1%$28,045 -1.1%
    2015$2,749 +0.2%$28,360 -2.4%
    2014$2,743 -4.9%$29,070 -5.2%
    2013$2,883 -1.5%$30,665 -3.9%
    2010$2,926 +1.5%$31,905 +3.3%
    2009$2,882 $30,880
    Find assessor info on the county website

    Neighborhood: 61231

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: Mercer County

    Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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