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501 N Third Street
Villa Grove IL 61956 US

$140,000

Active Listing ID 12583733
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3 bed
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1.00 Bath (1 Full)
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Lot: 0.18 Acres
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Other

$140,000

Active Listing ID 12583733
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501 N Third Street 501 N THIRD AND 506 E WILSON 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!

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Property Features

  • Facts
  • Lot Size: 0.18 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 1
  • Cooling System: Central Air
  • Floor Covering: Laminate, Vinyl
  • Heating Fuels: Natural Gas

School Information

  • School
  • Villa Grove Elementary School(Elementary)
  • Villa Grove Junior High School(MiddleSchool)
  • Villa Grove High School(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 140000
  • unparsedaddress: 501 N Third Street
  • postalcity: Villa Grove
  • stateorprovince: IL
  • country: US
  • postalcode: 61956
  • bathroomsfull: 1
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.179
  • lotsizeunits: Acres
  • lotsizearea: 0.179
  • livingarea: 1408
  • livingareaunits: Square Feet
  • latitude: 39.867309
  • longitude: -88.154578
  • listagentfullname: Cassandra Eversole-Gunter
  • listagentemail: ceversolegunter@gmail.com
  • listagentkey: 3yd-MREDIL-951722
  • listagentmlsid: 951722
  • listagentpreferredphone: (217) 352-4288
  • listagentofficephone: 3092357719
  • listofficekey: 3yd-MREDIL-95083
  • listofficemlsid: 95083
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1919
  • listingcontractdate: 2026-03-04
  • listagenturl: http://www.cuhouses.com
  • countyorparish: Douglas
  • parcelnumber: 04030230800500
  • elementaryschool: Villa Grove Elementary School
  • highschool: Villa Grove High School
  • elementaryschooldistrict: 302
  • middleorjuniorschooldistrict: 302
  • highschooldistrict: 302
  • appliances: Refrigerator, Gas Cooktop, Gas Oven
  • cooling: Central Air
  • constructionmaterials: Vinyl Siding
  • flooring: Laminate, Vinyl
  • heating: Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Century 21 Real Estate
  • rooms: Family Room, Bedroom 3, Bedroom 1, Laundry Room, Laundry Room, Bathroom 1, Bedroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -88.15458, 39.86731
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Century 21 Heartland Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ceversolegunter@gmail.com", "ListBrokerageCity":"Champaign, IL 61820", "ListBrokerageCountry":"US", "ListBrokerageEmail":"pjbash@aol.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/107/349599/20170503164434833.png", "ListBrokerageName":"Century 21 Heartland Real Estate", "ListBrokeragePhone":"(217) 352-4288", "ListBrokeragePostalCode":"61820-5406", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"401 E Springfield Ave", "ListBrokerageWebsiteUrl":"http://www.cuhouses.com", "ListOfficeAddress1":"401 E Springfield ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"95083", "ListOfficeCity":"Champaign", "ListOfficeCountry":"USA", "ListOfficeEmail":"pjbash@aol.com", "ListOfficePostalCode":"61820", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Villa Grove, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/501-3rd-St_Villa-Grove_IL_61956_M88992-13854?f=listhub&s=MREDIL&m=12583733&c=rexren", "MLSModificationTimestamp":"2026-03-10 05:07:30", "Neighborhoods":[{"Description":null, "Name":"Southern Champaign County / Douglas County"}], "PostalCode":null, "RoomCount":5, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1789, "TaxDescription":"HENSONS 3RD ADDN LOT 2 BLK 1", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/10/2026 6:15:12 AM GMT
Source Updated Date: 3/11/2026 7:05:06 PM GMT

Courtesy of: Cassandra Eversole-Gunter, Heartland Real Estate of Central Illinois, Inc, ceversolegunter@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.