Douglas, US
501 N THIRD AND 506 E WILSON 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!
Courtesy Of: Heartland Real Estate of Central Illinois, Inc
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 03/04/2026
Public Schools
- Elementary School:
- Villa Grove Elementa
- High School:
- Villa Grove High Sch
Interior Features
- Living Area Source:
- Assessor
- Bedrooms Possible:
- 3
- Bathrooms Full:
- 1
- Rooms Total:
- 5
- Aprox. Total Finished Sq Ft:
- 1408
Exterior Features and Amenities
- Lot Size Dimensions:
- 50X142
Financial
- Days On Market:
- 7
- Tax Annual Amount:
- $1,789.46
- Tax Year:
- 2024
Other Features
- Elementary School District:
- 302
- High School District:
- 302
- Middle Or Junior School District:
- 302
- Age:
- 100+ Years
Directions
4 way stop go east, turn north on 4th street. Turn east on Elm St the houses are on the east side of the street.
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Data last updated: 2026-03-14.
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