For Sale33d on marketHistoric · 107 yrs
501 3rd St
Villa Grove, IL, 61956 • 61956 • Douglas County
$140,000
$99/sqft
Down payment assistance available
3Beds
1Baths
1,408Sqft
0.18 acLot
1919Built
Property DNA
Character Home
Built 1919 · 107 years of history
This home is getting attention
Listed 33 days ago · 348 views · 13 saves
Market activity
Demand and pricing signals for this listing
348 views
People checking out this listing
13 saves
Buyers have saved this home
33 days on market
Established listing
$99/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 23% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1919 · Historic
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!
Standout features identified
Our analysis highlights very nice condition and comfortable living space as key attractions of this home.
Estimated monthly payment
Based on current rates
$922/month
Principal & Interest$736
Property Tax$140
Insurance$47
Down payment20% ($28,000)
3%50%
Est. 6.88% rate · 30yr fixed · $112,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1919
HeatingNatural Gas
CoolingCentral Air
Parking0 spaces
Lot7,797 sqft
Days on Zillow33 Days
Price/sqft$99
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1919
Stories1
Systems
HeatingNatural Gas
CoolingCentral Air
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
BasementNone
Lot7,797 sqft
Location & Tax
Neighborhood61956
Annual tax$1,789
Parcel040302308005
Bathrooms & Fees
Full baths1
Features & details
5 categories of property features
Interior Features
Appliances
Refrigerator
Gas Cooktop
Gas Oven
Heating
Natural Gas
Cooling
Central Air
Accessibility
No Disability Access
Exterior Features
Construction
Vinyl Siding
Room details
19 rooms detailed
Master Bedroom
Main13×13 ft169 sqft
Bedroom2
Main12×15 ft180 sqft
Bedroom3
Main15×10 ft150 sqft
Bedroom4
Other
Other
Listing insights
Market data and value estimates
StatusFor Sale
Days on market33
Est. rent$1,100/mo
Tax rate1.81%
Price/sqft$99
On marketMar 4, 2026
PostedMar 4, 2026
MLS statusActive
MLS updatedMar 18, 2026
Tour days9
Views348
Favorites13
How are the schools in Villa Grove?
3 schools rated nearby
Location
Villa Grove, IL, 61956
Price history
3 events
DateEventPrice$/sqftSource
Mar 4, 2026Listed For Sale$140,000$99MRED as distributed by MLS GRID
Jan 19, 2021Listing Removed——MRED as distributed by MLS GRID
Sep 10, 2020Listed For Sale$85,000$60Century 21 Heartland-Champaign
Listed For Sale$140,000
Mar 4, 2026•$99/sqft•MRED as distributed by MLS GRID
Listing Removed—
Jan 19, 2021•MRED as distributed by MLS GRID
Listed For Sale$85,000
Sep 10, 2020•$60/sqft•Century 21 Heartland-Champaign
Tax history
13 years of records
YearTax paidAssessed value
Apr 7, 2024$1,789$22,023
Apr 7, 2023$1,680$20,477
Apr 7, 2022$1,184$14,400
Apr 7, 2021$1,118$13,597
Apr 7, 2020$1,086$12,962
Apr 7, 2019$1,094$12,962
Apr 7, 2017$1,253$14,312
Apr 7, 2015$1,253$14,312
Apr 7, 2014$1,084$12,738
Apr 7, 2013$1,394$15,434
Apr 7, 2012$1,394$16,976
Apr 7, 2011$1,372$16,976
Apr 7, 2010$1,394$16,976
Nearby homes
Neighborhood details
Local context around this listing
Villa Grove, IL • Douglas County
Nearby cities
ArcolaArthurChampaignMahometRantoulSaint JosephSavoyTolono
Nearby zip codes
61956
Similar homes
Based on information submitted to the MLS GRID as of 2026. 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. [Click here for more information](/mls-disclaimers/#17)
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