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105-109 NE 5TH Avenue
Aledo IL 61231 US

$120,000

Active Listing ID PA1263753
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6 bed
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5.00 Bath (5 Full)
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Lot: 0.17 Acres
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Other

$120,000

Active Listing ID PA1263753
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105-109 NE 5TH Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.17 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • Roof Type: Shingle
  • Heating Fuels: Electric (Heating), Natural Gas, Forced Air, Baseboard
  • Additional Features
  • Basement

School Information

  • School
  • Mercer County(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 120000
  • unparsedaddress: 105-109 NE 5TH Avenue
  • postalcity: Aledo
  • stateorprovince: IL
  • country: US
  • postalcode: 61231
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.17
  • lotsizeunits: Acres
  • lotsizearea: 0.17
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.202223
  • longitude: -90.744765
  • listagentfullname: Adam Merrick
  • listagentemail: adam@adammerrick.com
  • listagentkey: 3yd-PAARIL-PAP807662
  • listagentmlsid: PAP807662
  • listagentpreferredphone: 3096783734
  • listofficekey: 3yd-PAARIL-PAMRE
  • listofficemlsid: PAMRE
  • disclaimer: Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARIL
  • yearbuilt: 1938
  • listingcontractdate: 2026-01-29
  • listagenturl: http://www.adammerrick.com
  • countyorparish: Mercer
  • parcelnumber: 10-10-17-448-003
  • highschool: Mercer County
  • constructionmaterials: Vinyl Siding
  • heating: Electric (Heating), Natural Gas, Forced Air, Baseboard
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 6
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3
  • basement: Unfinished, Partial, Crawl Space
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -90.74477, 41.202225
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Adam Merrick Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"adam@adammerrick.com", "ListBrokerageCity":"East Peoria", "ListBrokerageCountry":"US", "ListBrokerageEmail":"homes@adammerrick.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PAARIL/6b8a67b1f39811e6aabc0242ac110003/20190524171628969.png", "ListBrokerageName":"Adam Merrick Real Estate", "ListBrokeragePhone":"(309) 273-1808", "ListBrokeragePostalCode":"61611", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":"Suite B", "ListBrokerageUnparsedAddress":"2400 N Main", "ListBrokerageWebsiteUrl":"http://www.adammerrick.com", "ListOfficeAddress1":"2400 N Main Street Suite B", "ListOfficeAddress2":"Suite B", "ListOfficeBrokerMlsId":"PAMRE", "ListOfficeCity":"East Peoria", "ListOfficeCountry":"USA", "ListOfficeEmail":"homes@adammerrick.com", "ListOfficePostalCode":"61611", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Aledo, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/105-109-NE-5th-Ave_Aledo_IL_61231_M79669-69037?f=listhub&s=PAARIL&m=PA1263753&c=rexren", "MLSModificationTimestamp":"2026-02-03 20:00:15", "Neighborhoods":[{"Description":null, "Name":"Original Town Aledo"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3817, "TaxDescription":"S17 T14N R3W E1/2 LOTS 1 & 4 BLK 70 ORIGINAL TOWN OF ALEDO", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 2/3/2026 8:15:56 PM GMT
Source Updated Date: 2/4/2026 6:48:34 PM GMT

Courtesy of: Adam Merrick, Adam Merrick Real Estate, adam@adammerrick.com

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.