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700 5th Avenue Erie, IL 61250 Multi Unit - Multiple New

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Description

Looking for your next investment? Look no further! This well-maintained four-unit property is fully occupied, offering immediate income potential for the next owner. Rent information can be provided upon request. Units may also be viewed upon request.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 4
County: Whiteside
Listed By:
Real Broker, LLC 855-450-0442
MRED MLS
$199,000
Est. $1,331/mo
8beds
4baths
New to the Market New
BEDS8 BATHS4 full MLS#12644552
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 1

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Ruhl & Ruhl Careers
563.441.1776

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700 5th Avenue , Erie, IL 61250.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $199,000$199,000$199,000
Down Payment $39,800$6,965$49,750
Monthly Mortgage Amount $954$1,172$1,229
Taxes $277$277$277
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$88$0
Monthly Estimated Total $1,331$1,637$1,606

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About this area

Illinois/Erie
Erie

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About Erie

Erie, IL is a small and welcoming village that embodies the charm of rural Midwestern living. Known for its quiet atmosphere and sense of community, it offers a slower pace of life while still providing access to the larger cities of the Quad Cities region. With tree-lined streets, locally owned businesses, and community events that bring neighbors together, Erie is an appealing place for those who appreciate small-town values and a strong sense of belonging. Its setting near the Rock River also provides opportunities for fishing, boating, and enjoying the outdoors. It has its own school district, public library and even a town triangle—their version of a town square—all of which you can explore on your golf cart.

The real estate market in Erie reflects its close-knit character, with a variety of single-family homes ranging from classic older houses with plenty of charm to more modern builds designed for today’s needs. Many properties feature larger yards, ideal for gardening, outdoor gatherings, or simply enjoying the peaceful surroundings. Homes in Erie are often more affordable compared to larger metropolitan markets, making it an attractive choice for first-time buyers, families, and retirees seeking value without sacrificing quality of life.

Buyers will find a mix of ranch-style homes, two-story residences, and some custom properties that offer extra space and updated amenities. The community’s affordability, combined with its safe and family-friendly environment, makes Erie especially appealing to those looking to put down roots. With convenient access to nearby towns for employment, shopping, and entertainment, Erie offers the perfect balance of small-town living and regional connectivity, making it a hidden gem in Illinois real estate.

If you are ready to start your property buying or selling journey, browse the newest homes for sale in Erie, IL. You can also contact us—we are here to help!

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