Calling all investors! Value add 2 unit opportunity in Sterling featuring up & downstairs units featuring 2 bed & 1 bath each. Tenants pay all utilities. Lower unit currently occupied and includes basement with laundry. Upstairs unit pending new windows to be installed. Sold as is.
For sale
Price cut: $7K (8/31)
$57,900
506 Avenue F, Sterling, IL 61081
4beds
2baths
1,938sqft
2 Units
Built in 1900
-- sqft lot
$-- Zestimate®
$30/sqft
$-- HOA
What's special
Basement with laundry
- 160 days
- 582
- 20
Zillow last checked:
Listing updated:
Listed by:
JD Gieson 815-732-9100,
Re/Max Of Rock Valley
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202601646
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Included: None, Gas Water Heater
Features
- Basement: Full
Interior area
- Total structure area: 1,938
- Total interior livable area: 1,938 sqft
- Finished area above ground: 1,938
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 1121338003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Units
Materials
- Vinyl
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City
- Water: City
- Utilities for property: Separate Utilities
Community & HOA
Community
- Subdivision: IL
Location
- Region: Sterling
Financial & listing details
- Price per square foot: $30/sqft
- Tax assessed value: $26,416
- Annual tax amount: $2,816
- Price range: $57.9K - $57.9K
- Date on market: 3/26/2026
- Cumulative days on market: 161 days
Estimated market value
Not available
Estimated sales range
Not available
$996/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $57,900-10.8%$30/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202601646 Report a problem | ||
| 7/20/2026 | Price change | $64,900-7.2%$33/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202601646 Report a problem | ||
| 4/30/2026 | Price change | $69,900-12.5%$36/sqft |
Source:  MRED as distributed by MLS GRID #12600671 Report a problem | ||
| 3/26/2026 | Listed for sale | $79,900$41/sqft |
Source: MRED as distributed by MLS GRID #12600671 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,754 +39.8% | $26,416 +6.5% |
| 2023 | $1,971 -22.3% | $24,797 +4.5% |
| 2022 | $2,535 +41.6% | $23,725 +6% |
| 2021 | $1,790 +4.3% | $22,374 +3.6% |
| 2020 | $1,717 +1.4% | $21,590 +1.9% |
| 2019 | $1,694 +1% | $21,197 -0.2% |
| 2018 | $1,677 -28.4% | $21,231 +0.7% |
| 2017 | $2,342 +45.3% | $21,086 +3.3% |
| 2016 | $1,612 +3.4% | $20,407 -2.7% |
| 2015 | $1,558 +1.1% | $20,968 +2.3% |
| 2014 | $1,541 -1.1% | $20,502 -2.2% |
| 2013 | $1,558 +1.4% | $20,968 |
| 2012 | $1,537 +0.8% | $20,968 -2.6% |
| 2011 | $1,525 -1.8% | $21,535 -1.6% |
| 2010 | $1,553 +3.3% | $21,878 +1.8% |
| 2009 | $1,503 +2.3% | $21,493 +1.2% |
| 2008 | $1,469 -22.7% | $21,234 +4.3% |
| 2007 | $1,899 | $20,349 +2.9% |
| 2005 | -- | $19,767 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 61081
Nearby schools
Schools provided by the listing agent
- Elementary: Jefferson Elementary
- Middle: Challand Middle School
- High: Sterling High School
- District: Sterling School District #5
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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