Active

501 Third Street

Villa Grove, IL 61956
$140,000
3beds
1bath
1,408sqft
0.179acres
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About this home

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!
MLS Description — as provided by the listing brokerage.

The facts

Property typeResidential
Year built1919
Lot size0.179 acres
Annual tax$1,789.46
CountyDouglas
MLS #MRD12583733
Days on market15

Schools

ElementaryVilla Grove Elementary School
Middle / JuniorVilla Grove Junior High School
High schoolVilla Grove High School

Features

Heating
Natural Gas
Cooling
Central Air
Appliances
RefrigeratorGas CooktopGas Oven
Construction
Vinyl Siding
Sewer
Public Sewer
Listed by
Heartland Real Estate of Central Illinois, Inc
Cassandra Eversole-Gunter · 309-235-7719

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 3/18/2026, 1:09:11 PM. All data should be independently verified.

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