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105-109 NE 5TH Avenue

Aledo, IL 61231
  • $120,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: PA1263753
UPDATED: 39 min ago
$120,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1938
County:
Area:

School Information

High School:

Description

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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© 2026 RMLS Alliance, LLC. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-16T06:44:55.02.
www.ashleycoker.com/homes/172583516
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105-109 NE 5TH Avenue Aledo, IL 61231

  • Price: $120,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 39 min ago
  • ID#: PA1263753
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1938
Built
Neighborhood:
Original Town Aledo
County:
Mercer
Area:
Paar Area
High School:
Mercer County
Property Description
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.
Exterior Features

Construction Materials Vinyl Siding Parking Features Attached Parking Total 6 Road Surface Type Paved Roof Shingle

Interior Features

Basement Crawl SpacePartialUnfinished Building Area Total 2816 Heating BaseboardElectricForced AirNatural GasGas Water HeaterWindow Unit(s) Laundry Features PrivateUnits Hook-Ups Number Of Central Air Units 0 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 4 Number Of Gas Meters 1 Number Of Heating Units 4 Number Of Ranges 4 Number Of Washers 0 Number Of Water Heaters 4 Numberof Refrigerators 4

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 27300 Gross Scheduled Income 27300 Insurance Expense 2712 Lease Term Variable Lot Features Corner LotLevel Lot Size Dimensions 60X120 Manager On Site YN No Net Operating Income 17491 New Construction YN No Number Of Water Meters 4 Number Of Window Units 0 Operating Expense 5992 Repossessed No Structure Type Quadruplex Tax Annual Amount 3817 Tax Legal Description S17 T14N R3W E1/2 LOTS 1 & 4 BLK 70 ORIGINAL TOWN OF ALEDO Tax Year 2024 Tenant Pays Electricity Trash Expense 0 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Adam Merrick of Adam Merrick Real Estate: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-16T06:44:55.02.
 
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