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408 N 3Rd Street, Dunlap, IL 61525

$275,000

4 bed | 3 full bath | 1,678 sq ft
MLS# 1264664
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Discover a rare opportunity designed for flexibility, comfort, and possibility.

Fully renovated in 2025, this thoughtfully updated property offers an ideal setup for a mother-in-law suite, multigenerational living, an older child wanting their own space, or an owner-occupied home with rental income potential. The main two-story living space offers comfortable everyday living with three bedrooms, a bright living room, informal dining area, kitchen, and a beautifully updated full bathroom upstairs. The basement adds even more living space with a welcoming family room, additional bathroom, and laundry—perfect for movie nights or hobbies. A separate main-level side unit provides its own sense of independence while remaining connected to the property. This flexible space features a bedroom, living room combo, den or office area, kitchen, bathroom, and its own laundry, making it ideal for extended family, guests, a private mother-in-law suite, or potential rental income. Nearly every major component has been updated in 2025, including new electrical, PEX plumbing, HVAC, shingles and gutters, landscaping, a newly designed front porch area, brand-new interior finishes, and new appliances in both units. Outside, you'll find a backyard shed for extra storage and ample rear parking. Whether you're looking to bring family together while maintaining privacy or take advantage of built-in income potential, this versatile property offers a rare blend of flexible living options!

Property Details

City
Dunlap
County
Peoria
Subdivision
Alva
Schools
  • Dunlap
Type
Residential
Exterior
  • Shed(S)
Garage
  • Guest
  • On Street
New Construction
No
Bedrooms
4
Full Baths
3
Square Ft.
1,678
Livable Square Ft.
1,898
Tot Basement Square Ft.
220
Acres
0.1
Apx Lot Size
50 x 150
Year Built
1941

Room Levels & Sizes

BsmtLowMainUppAddlTot
Full Baths101103
Half Baths000000
BsmtLowMainUppAddl
Bedroom 113x11
Bedroom 211x10
Bedroom 313x10
Bedroom 411x10
Living Room18x15
Dining Room11x11
Kitchen11x11
Office14x8
Recreation Room15x9
Laundry0x0
Additional Room9x6
Additional Room 223x10
Third Floor

Features

Exterior
  • Shed(S)
Roofing
  • Shingle
Garage/Parking
  • Guest
  • On Street
Basement
  • Finished
  • Partial
Heating/Cooling
  • Electric
  • Forced Air
  • Gas Water Heater
Water/Sewer
  • Public
  • Public Sewer
Kitchen/Dining
  • Dining Informal
  • Dining/Living Combo
Appliances
  • Range Hood
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Dryer
Exterior Amenities
  • Shed(S)
Road/Access
  • Paved

Financials

2024 Taxes
2555.86
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Amanda Allsup, as of 03/07/2026 16:30pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.