Well-maintained 5-unit apartment building located within walking distance to schools, parks, churches, the YMCA, historic downtown Aledo, restaurants, shopping, and a movie theater. This property offers a strong investment opportunity with multiple unit types and a convenient in-town location. The building consists of five units, including one efficiency apartment (formerly office space) located at the front of the building, two 2-bedroom units on the main level, and two 1-bedroom units on the upper level. The three main-level units offer accessibility-friendly features. Recent updates include windows, flooring, insulation, appliances, downspouts, and heating systems, contributing to the overall maintenance and functionality of the property. At the time of listing, four units are tenant-occupied with established tenancy ranging from approximately 2 to 13 years. The efficiency unit is currently vacant, offering an opportunity for additional rental income. Buyer will assume existing leases.

Aledo is located in Illinois. Aledo, Illinois has a population of 3,860. Aledo is more family-centric than the surrounding county with 29.82% of the households containing married families with children. The county average for households married with children is 29.36%.
The median household income in Aledo, Illinois is $53,277. The median household income for the surrounding county is $59,972 compared to the national median of $69,021. The median age of people living in Aledo is 45.4 years.
The average high temperature in July is 84.7 degrees, with an average low temperature in January of 14 degrees. The average rainfall is approximately 37.6 inches per year, with 23.4 inches of snow per year.