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2206 40th Ave, Aledo, IL, 61231

3beds
2baths
1,800sqft
$369,900
$206price/sqft
$2,873/moest. monthly cost
$114,920/yrincome needed

About This Home

This place has it ALL. Need horse facilities? ? Need a heated insulated huge shop? ? Gorgeous remodeled four square farmhouse with all the original charm and beautiful woodwork? ? Separate office/craft/homeschooling space with heat and air conditioning? ? Space to roam and enjoy the sunsets? ? 3 big bedrooms, 2 huge bathrooms. Original clawfoot tub, large laundry room upstairs (no carrying laundry to the basement!) We love this home. Unfortunately it's going up for sale so we can move closer to family. The house is the absolute dream farmhouse. Beautiful finishes, spacious bedrooms, large front porch, large mudroom, the most gorgeous Douglas fir floors, 2 full bathrooms. The kitchen is updated with a gas cooktop, double ovens, butcher block countertops and a 31 cu ft Samsung Bespoke glass front refrigerator. All appliances stay! Including washer and dryer in the 2nd floor laundry room with a large linen closet. The heated insulated finished shop is a dream to work in. Concrete floors, large doors that will fit semi trucks, large equipment etc. 220v. Tons of lights, electric outlets, its a mechanics dream! The horse barn has a run in area, water hydrant IN the barn, electric. Small chicken house stays, has electric service, automatic coop door, ventilation fan, built in nesting boxes and roosts. Fencing for 2 separate horse pastures stays. One dry lot off the barn, opens to a larger larger pasture, plus another fenced pasture to rotate grazing. Metal roof and siding on all buildings. Newer septic, house updated with all new plumbing and electric 5 years ago.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

6/10
Apollo Elementary SchoolGrades K-52.2 mi
4/10
5/10
Mercer County High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1865

Materials

  • Roof: Metal

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Range / Oven,Refrigerator,Washer

Basement

  • Basement: Partially finished

Features

  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Propane / Butane
  • Cooling features: Central

Interior Area

  • Total interior livable area: 1,800 sqft

Property

Details

  • Parcel number: 161607300005

Features

  • Exterior features: Metal

Lot

  • Lot size: 3 Acres

Parking

  • Parking features: Garage - Detached

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Heat Wave
Ice Storm
Winter Weather
Cold Wave
Hail
Tornado

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,870$22,440
Home Insurance *$320$3,840
Property Taxes $545$6,540
Electricity $138$1,661
Total$2,873$34,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$98,502/yr
40% on housing$86,190/yr
45% on housing$76,613/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$206This listing

vs Other Active Listings

Avg $/sqft

ZIP 61231$161
Mercer County$191

vs Homes Sold Last Month

Median $/sqft

ZIP 61231$93
Mercer County$79

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-07Listed for sale$396,000
2023-03-31Sold$260,000
2023-03-06Pending sale$270,000
2023-02-16Price change$270,000
2021-09-26Pending sale$234,900
2021-09-24Listed for sale$234,900
2006-04-13Sold$105,000

For Sale by Owner

AgentProperty Owner

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