509 3rd Ave, Sterling, IL, 61081

Picture a property that offers the best of both worlds, investment and charm, in an excellently maintained setting. Bringing to the fore is this versatile 2-story triplex, nestled amidst a sought-after neighborhood with a tranquil vibe. The unique arrangement of this property includes a two-bedroom, a one-bedroom, and a modernly-upgraded studio.

In 2019, the studio was transformed through a complete overhauling, screaming modern elegance and functionality in each corner. A new roof was installed in 2018, followed by the addition of new windows in 2021, showcasing a combination of sustenance and protection against nature’s vagaries.

A blend of friendly neighborhood vibes and private retreat, this property highlights a spacious front porch and an intimate rear screened-in porch. These relaxed outdoor areas are perfect for tenants looking to entertain or find serenity after a long day. An added bonus is the three-car garage that has the flexibility to be rented, serving as a potential revenue stream.

Preserving the tradition with original woodwork, the units exude character and old-world charm. This distinctive feature is a magnet for tenants appreciating fine and timeless craftsmanship. With the green thumb maintenance to be handled by the tenants, savings on maintenance costs can be ensured.

The prime condition of the property and its appealing features have facilitated it in commanding remarkable rent rates. Furthermore, it houses two long-standing tenants, a pair of sisters over 60 years of age, who have been residing in the two-bedroom and one-bedroom units for over 15 years.

With its combination of classic charm, modern upgrades, and solid income potential, this property is an investor’s treasure, a slice of urban sanctuary for tenants, and a testament to tasteful real estate investments.