501 3rd St

Villa Grove, IL 61956

$140,000
Price
3
Beds
1,408 Sq. Ft.
$99 / Sq. Ft.
1,408
Sq. Ft.
$99
per Sq. Ft.
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Description

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,...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!
  1. Listed by Cassandra Eversole-Gunter • Heartland Real Estate of Central Illinois, Inc
    P: (309)-235-7719 C: (309)-235-7719 ceversolegunter@gmail.com

Property Details for 501 3rd Street

Area
Southern Champaign County / Douglas County
Township
Camargo
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Air Conditioning Type
Central Air
Heat/Fuel
Natural Gas
LISTING UPDATED: 03/18/2026 08:09 AM

Property Details for 501 3rd Street

StatusActive
MLS #12583733
Days on Market17
Taxes$1,789 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 1 Story
Year Built1919
Lot Size0.18 AC / 7,797 SF
CountyDouglas County
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Location

Listing Courtesy of Heartland Real Estate of Central Illinois, Inc
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Building Information for 501 3rd Street

Stories-Year Built1919Building Size-Lot Size0.18 AC / 7,797 SF

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OriginPoint Mortgage or Rocket Mortgage1

$829 per month

30 year fixed, 6.11% Interest

Principal and Interest

$679

Property Taxes

$149

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 501 3rd Street

General Information
School Information
  • Elementary School District: 302
  • Elementary School: Villa Grove Elementary School
  • Jr High Middle School: Villa Grove Junior High School
  • High School District: 302
  • High School: Villa Grove High School
  • Middle Or Junior School District: 302
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None
  • Master Association Fee Frequency: Not Required
Property Information
Interior Features
  • Num Of Rooms: 5
  • Bedrooms Total: 3
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 3
  • Air Conditioning: Central Air
  • Basement Sq Ft: 0
  • Grid: 0
  • Basement Bathrooms: No
  • Room Type: No additional rooms
  • Num of Baths: 1.0
Exterior Features
  • Type: 1 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Appliances: Refrigerator, Gas Cooktop, Gas Oven
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Type Detached: 1 Story
  • Total Sq Ft: 1408
  • Aprox Total Finished Sq Ft: 1408
  • Total Finished and Unfin Sq Ft: 1408
  • Lower Sq Ft: 0
  • Main Sq Ft: 1408
  • Upper Sq Ft: 0
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 50X142
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Construction: Vinyl Siding
  • General Information: None
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
  • Assessor Square Footage: 1408
  • Unfinished Basement Sq Ft: 0
  • Unfinished Lower Sq Ft: 0
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 25
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 13X13
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 12X15
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 15X10
Bedroom #4 Information
  • 4th Bedroom Level: N/A
  • Room Type: Bedroom 4
Dining Room Information
  • Dining Room Level: N/A
  • RoomType_DR: Dining Room
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 27X10
Laundry Information
  • Laundry Level: Main
  • Room Type: Laundry
  • Laundry Dimensions: 5X3
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 11X15

Property History for 501 3rd Street

DateEvent & SourcePriceAppreciation
Mar 4, 2026

Listed (Active)

MRED #12583733

$140,000—
Mar 11, 2021

Cancelled

MRED #10852312

$85,000—
Sep 9, 2020

Listed (Active)

MRED #10852312

$85,000—
DateEvent & SourcePrice
03/04/2026

Listed (Active)

MRED #12583733

$140,000
03/11/2021

Cancelled

MRED #10852312

$85,000
09/09/2020

Listed (Active)

MRED #10852312

$85,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 3rd Street

Taxable ValueLand$828Additions$21,195Total$22,023
Tax Record2024$1,789 ($149 / month)
Home Facts
Beds2Total Finished SqFt1,408 SqFtAbove Grade Finished SqFt1,408 SqFtStories1Lot Size7,797 SqFtStyleSingle Family ResidenceYear Built1919CountyDOUGLASAPN04-03-02-308-00500

Schools near 501 3rd Street

This home is within Villa Grove Community Unit School District 302.
Rating
School
Type
Grades
Distance
Villa Grove Elementary School
Public - PK to 6
Villa Grove Jr High School
Public - 7 to 8
Villa Grove High School
Public - 9 to 12
Rating
School
Distance
Villa Grove Elementary School
PublicPK to 6

Villa Grove Jr High School
Public7 to 8

Villa Grove High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 501 3rd Street, Villa Grove, IL 61956

501 3rd Street is a single family home for sale in Villa Grove, IL 61956. This property was listed for sale on March 4, 2026 by Heartland Real Estate of Central Illinois, Inc, it's currently listed at $140,000. This listing's school district is Villa Grove Community Unit School District 302. Nearby schools include Villa Grove Elementary School, Villa Grove Jr High School and Villa Grove High School. 501 3rd Street is a 3-bed, 1-bath, 1,408 sqft single family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Heartland Real Estate of Central Illinois, Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/18/2026 08:09 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.