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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!
| DAYS ON MARKET | 19 | LAST UPDATED | 3/4/2026 |
|---|---|---|---|
| YEAR BUILT | 1919 | COMMUNITY | Southern Champaign County / Douglas County |
| COUNTY | Douglas | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Villa Grove High School |
|---|---|
| Elementary School | Villa Grove Elementary School |
| Jr. High School | Villa Grove Junior High School |
| High School | Villa Grove High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Cooktop, Gas Oven, Refrigerator |
| AREA | Southern Champaign County / Douglas County |
| BASEMENT | None |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Natural Gas |
| LOT | 7797 sq ft |
| LOT DIMENSIONS | 50X142 |
| SEWER | Public Sewer |
| TAXES | 1789.46 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Heartland Real Estate of Central Illinois, Inc
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.