$140,000

beds

bath

1,408

square ft

501 N Third Street

Villa Grove, Illinois 61956

Active / MLS #12583733 / Single Family / Villa Grove

Listing information updated 3/18/2026 at 8:23am

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!

Full Features

Exterior Type:

Vinyl Siding

Basement:

None

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas

Appliances:

Refrigerator, Gas Cooktop, Gas Oven

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

1,408

Lot Size:

Less Than .25 Acre

Acreage:

0.179

Room Information

Living Room:

11x15 - Main

Dining Room:

N/A

Kitchen:

27x10 - Main

Family Room:

N/A

Primary Bedroom:

13x13 - Main Level

2nd Bedroom:

12x15 - Main

3rd Bedroom:

15x10 - Main

4th Bedroom:

N/A

Laundry:

5x3 - Main Level

Taxes & Assessments

Tax Amount:

$1,789

Tax Year:

2024

Location

Zip Code:

61956

City:

Villa Grove

County:

Douglas

Schools

School District(s):

302

Elementary School:

Villa Grove Elementary School

Middle School:

Villa Grove Junior High School

High School:

Villa Grove High School

Exterior Type:

Vinyl Siding

Basement:

None

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas

Appliances:

Refrigerator, Gas Cooktop, Gas Oven

Main Level Primary Bedroom:

Yes

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

1,408

Lot Size:

Less Than .25 Acre

Acreage:

0.179

Living Room:

11x15 - Main

Dining Room:

N/A

Kitchen:

27x10 - Main

Family Room:

N/A

Primary Bedroom:

13x13 - Main Level

2nd Bedroom:

12x15 - Main

3rd Bedroom:

15x10 - Main

4th Bedroom:

N/A

Laundry:

5x3 - Main Level

Tax Amount:

$1,789

Tax Year:

2024

Zip Code:

61956

City:

Villa Grove

County:

Douglas

School District(s):

302

Elementary School:

Villa Grove Elementary School

Middle School:

Villa Grove Junior High School

High School:

Villa Grove High School

Listing Office: Heartland Real Estate of Central Illinois, Inc

Listing Office Phone: 217.352.4288

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/18/2026 at 8:23am. 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. Some listings have been excluded from this website.

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501 N Third Street, Villa Grove, IL 61956 is a single family home currently listed at $140,000. 501 N Third Street features 3 Beds, 1 Bath. This single family home has been listed on @properties Christie's International Real Estate since March 4th, 2026 and was built in 1919. Nearby schools include Villa Grove Elementary School, Villa Grove Junior High School, and Villa Grove High School.