501 N Third Street — Villa Grove, IL 61956
Active Under Contract
Villa Grove, IL 61956

501 N Third Street

$140,000
3 beds · 1 bath · 1,408 sqft
Listed at $140,000 97 days on market $1,789/yr taxes
01About 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!

02Inside the home
03By the numbers
$140,000
List price
1,408
Square feet
3
Bedrooms
1 full
Bathrooms
1919
Year built
0.18 ac
Lot size
Garage spaces
$1,789
Annual taxes
Detached Single
Style
97
Days on market
04Features
Heating
Natural Gas
Cooling
Central Air
Appliances
RefrigeratorGas CooktopGas Oven
Construction
Vinyl Siding
Sewer
Public Sewer
05Neighborhood
This home HHigh school
E Elementary school
Villa Grove Elementary School
Villa Grove, IL
M Middle school
Villa Grove Junior High School
Villa Grove, IL
H High school
Villa Grove High School
Villa Grove, IL
📍0.4 mi🚗1 min🚶10 min
  • Monical's Pizza 0.4 mi
  • Subway 0.4 mi
  • Nothing surfaced nearby in our maps data.
  • War Memorial 0.4 mi
  • Henson Park 0.6 mi
  • Nothing surfaced nearby in our maps data.
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Mar 4, 2026
Listed for saleThis listing
Heartland Real Estate of Central Illinois, Inc
$140,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
Listed by Heartland Real Estate of Central Illinois, Inc · Cassandra Eversole-Gunter · 309-235-7719
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12583733
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