501 N THIRD AND 506 E WILSON The seller is offering both of these houses on the same lot for $140,000.00 AND $10,000.00 CASH BACK AT CLOSING TO HELP YOU BUILD A GARGAE. DON'T MISS THIS ONE. Investment Opportunity - Two Homes for One Price! Don't miss this unique opportunity to own two homes for just $140,000! Whether you're looking for an income-producing property or a flexible living arrangement, this property offers incredible potential. The front house features 3 bedrooms and 1 full bathroom, providing comfortable living space with plenty of room. The back house includes 2 bedrooms and 1 bathroom, perfect for extended family, guests, or rental income. Both homes are in very nice condition, making this a move-in ready investment with multiple possibilities: Live in one home and rent the other for extra income Create a mother-in-law or guest quarters Use as a dual rental property for strong investment potential Ideal for multi-generational living Properties with this kind of flexibility are rare. With two homes on one property, the options are endless! Schedule a showing today and explore the possibilities!
Contingent
$140,000
501 3rd St, Villa Grove, IL 61956
3beds
1,408sqft
Single Family Residence
Built in 1919
7,797 Square Feet Lot
$-- Zestimate®
$99/sqft
$-- HOA
What's special
Very nice conditionComfortable living space
- 120 days |
- 84 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Cassandra Eversole-Gunter 309-235-7719,
Heartland Real Estate of Central Illinois, Inc
Source: MRED as distributed by MLS GRID,MLS#: 12583733
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13X13
Bedroom 2
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12X15
Bedroom 3
- Level: Main
- Area: 150 Square Feet
- Dimensions: 15X10
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Vinyl), Window Treatments (Blinds)
- Level: Main
- Area: 270 Square Feet
- Dimensions: 27X10
Laundry
- Level: Main
- Area: 15 Square Feet
- Dimensions: 5X3
Living room
- Features: Flooring (Wood Laminate), Window Treatments (Blinds)
- Level: Main
- Area: 165 Square Feet
- Dimensions: 11X15
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Gas Cooktop, Gas Oven
Features
- Basement: None
Interior area
- Total structure area: 1,408
- Total interior livable area: 1,408 sqft
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
Lot
- Size: 7,797 Square Feet
- Dimensions: 50X142
Details
- Parcel number: 04030230800500
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Services included: None
Location
- Region: Villa Grove
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $66,069
- Annual tax amount: $1,789
- Date on market: 3/4/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Contingent | $140,000$99/sqft |
Source:  MRED as distributed by MLS GRID #12583733 Report a problem | ||
| 3/4/2026 | Listed for sale | $140,000+64.7%$99/sqft |
Source: MRED as distributed by MLS GRID #12583733 Report a problem | ||
| 1/19/2021 | Listing removed | -- |
Source:  MRED as distributed by MLS GRID Report a problem | ||
| 9/10/2020 | Listed for sale | $85,000$60/sqft |
Source: Century 21 Heartland-Champaign #10852312 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,789 +6.5% | $22,023 +7.5% |
| 2023 | $1,680 +41.9% | $20,477 +42.2% |
| 2022 | $1,184 +5.9% | $14,400 +5.9% |
| 2021 | $1,118 +3% | $13,597 +4.9% |
| 2020 | $1,086 -0.8% | $12,962 |
| 2019 | $1,094 -12.7% | $12,962 -9.4% |
| 2017 | $1,253 | $14,312 |
| 2015 | $1,253 +15.6% | $14,312 +12.4% |
| 2014 | $1,084 -22.3% | $12,738 -17.5% |
| 2013 | $1,394 | $15,434 -9.1% |
| 2012 | $1,394 +1.6% | $16,976 |
| 2011 | $1,372 -1.6% | $16,976 |
| 2010 | $1,394 | $16,976 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 61956
Nearby schools
GreatSchools rating
- 7/10Villa Grove Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 6/10Villa Grove Jr High SchoolGrades: 7-8Distance: 0.4 mi
- 3/10Villa Grove High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Villa Grove Elementary School
- Middle: Villa Grove Junior High School
- High: Villa Grove High School
- District: 302
Source: MRED 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Douglas County
- Villa Grove
- 61956
- 501 3rd St
Nearby cities
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