513 N 3rd St

Effingham, IL 62401

$230,000
Last Sold Price
4
Beds
1,988 Sq. Ft.
$116 / Sq. Ft.
1,988
Sq. Ft.
$116
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/3/24
Closed 4/3/24

Description

Welcome to this fantastic upstairs-downstairs duplex, located in the heart of Effingham. Whether you're an investor looking for a solid return or a homeowner seeking rental income potential, this property offers both. With a remarkable 9% Cap Rate, it's an excellent addition to your investment portfolio, or a creative way to reduce your primary homes mortgage expense. Upstairs Unit:
- Charming 2-Bedroom 1 Bathroom layout
- Cozy living room with plenty of natural lighting
- Gorgeous original woodwork...Welcome to this fantastic upstairs-downstairs duplex, located in the heart of Effingham. Whether you're an investor looking for a solid return or a homeowner seeking rental income potential, this property offers both. With a remarkable 9% Cap Rate, it's an excellent addition to your investment portfolio, or a creative way to reduce your primary homes mortgage expense. Upstairs Unit:
- Charming 2-Bedroom 1 Bathroom layout
- Cozy living room with plenty of natural lighting
- Gorgeous original woodwork around doors and trim
- New LVP in 2022
- Current Rent $1,550 Fully Furnished

Downstairs Unit:
-Spacious 2-Bedroom 1 Bathroom Layout
-Formal Dining Room
-Modern Kitchen with Granite Countertops
-Updated Bathroom with His and Hers Sinks
-Cozy Sunroom
-Gorgeous Wood Floor and Built-ins throughout
-Current Rent $1300/ month with 2.5 Car Detached Garage
  1. Listed by Blake McWilliams • RE/MAX Key Advantage
    P: (618)-508-1808 mcwilliamsblake74@gmail.com

Property Details for 513 North 3rd Street

Architectural Style
Bungalow
Subdivision Name
Schleppers Sub
Has Waterfront
No
Zoning
R-2
LISTING CLOSED: 04/03/2024 12:00 AM

Property Details for 513 North 3rd Street

StatusClosed
MLS #6229750
Days on Market57
Taxes$2,895 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1935
Lot Size0.17 AC / 7,405 SF
CountyEffingham County
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Location

Listing Courtesy of RE/MAX Key Advantage

Sold By RE/MAX Key Advantage

Add your commute

Building Information for 513 North 3rd Street

Stories1Residences-Year Built1935Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$1,387 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,146

Property Taxes

$241

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 513 North 3rd Street

Summary
Location and General Information
  • Directions: From I-57/ I-70 Exit at Highway 45 heading South. Continue until you cross Temple St. Property is Located half a block from the stoplight on the right. Parking in and around the alley North of the property.
  • Latitude: 39.126676
  • Longitude: -88.541161
Taxes and HOA
  • Parcel Number: 0316013022
  • Tax Annual Amount: $2,895.00
  • Tax Year: 2021
School Information
  • Elementary School District: Effingham Dist. 40
  • High School District: Effingham Dist. 40
  • Middle Or Junior School District: Effingham Dist. 40
Parking
  • Attached Garage: No
  • Garage Spaces: 2.5
  • Garage: Yes
  • Parking Features: Detached, Garage
Property
Lot Information
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Units: Acres
  • Lot Size Square Feet: 7405.0
  • Road Surface Type: Concrete
Property and Assessments
  • Above Grade Finished Area: 1988.0
  • Below Grade Unfinished Area: 1120.0
  • Building Area Total: 1988.0
  • Living Area Source: Public Records
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1935
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Brick, Vinyl Siding
  • Levels: One and One Half
  • Roof: Asphalt
  • Total Stories: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Cooktop, Dryer, Dishwasher, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood, Washer
  • Basement: Unfinished, Full
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Cooling: Central Air
  • Has Cooling: Yes
  • Total Fireplaces: 1
  • Has Fireplace: Yes
  • Heating: Natural Gas
  • Has Heating: Yes
  • Interior Features: Walk-In Closet(s)
  • Total Rooms: 10

Property History for 513 North 3rd Street

DateEvent & SourcePriceAppreciation
Apr 3, 2024

Sold

Central Illinois Board of REALTORS #6229750

$230,000—
Apr 3, 2024

Sold

MRED #11908446

$230,000—
Feb 13, 2024

Pending

Central Illinois Board of REALTORS #6229750

—
DateEvent & SourcePrice
04/03/2024

Sold

Central Illinois Board of REALTORS #6229750

$230,000
04/03/2024

Sold

MRED #11908446

$230,000
02/13/2024

Pending

Central Illinois Board of REALTORS #6229750

—

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

Public Records for 513 North 3rd Street

Taxable ValueLand$12,500Additions$35,840Total$48,340
Tax Record2024$1,089 ($91 / month)
Home Facts
Beds0Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories2Lot Size7,405 SqFtStyleSingle Family ResidenceYear Built1935CountyEFFINGHAMAPN03-16-013-022

Schools near 513 North 3rd Street

This home is within Effingham Community Unit School District 40.
Rating
School
Type
Grades
Distance
South Side Grade School
Public - 1 to 2
Central Grade School
Public - 2 to 5
Effingham Junior High School
Public - 6 to 8
Effingham High School
Public - 9 to 12
Rating
School
Distance
South Side Grade School
Public1 to 2

Central Grade School
Public2 to 5

Effingham Junior High School
Public6 to 8

Effingham 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Key Advantage

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Central Illinois Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Central Illinois Board of REALTORS®. All rights reserved.