c.1904 Seven Bedroom MultiFamily Illinois Home With Original Woodwork $59,900

c.1904 Seven Bedroom MultiFamily Illinois Home With Original Woodwork. This old house has been made into a 4 unit apartment building.

611 1st Ave, Sterling, IL 61081   $59,900

• Contact Realtor: Cheyenne Khounnha
• Google Map
• Niche

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Pros of Living in Sterling, IL

1. Outstanding Affordability

• Sterling’s overall cost of living is about 25–26% lower than the national average and around 21% lower than the Illinois average, offering great value.

• Median home prices hover between $111,400 and $137,700—a considerable discount versus the U.S. median (~$338,100). Renting a two-bedroom apartment runs about $780–$800/month, well below state and national averages.

2. Strong Sense of Community & Livability

• Niche gives Sterling high marks for cost of living (A), family friendliness (B+), outdoor activities (B+), and overall livability (B+). It’s known for its “dense suburban feel,” strong parks systems, and riverfront charm.

• Locals enjoy a supportive, small-town vibe with a tight-knit community structure.

3. Low Crime and Peaceful Environment

• Sterling’s crime rates—both violent and property-related—are approximately 30% lower than national norms, contributing to a safer living experience.

4. Affordable Housing with Homeownership Opportunities

• Homeownership is common and accessible in Sterling due to the low property values and favorable price-to-income ratios (home price to income ratio at around 1.9, significantly better than the state average).
  

5. Recreation & Riverside Appeal

• Nestled along the scenic Rock River, Sterling offers access to parks, biking trails, and nearby Morrison-Rockwood State Park for hiking, fishing, and outdoor gatherings. Community engagement includes events like the Sterling Christmas Walk.

6. Balanced Demographics and Schools

• Niche scores Sterling “A−” for diversity, meaning more varied economic and ethnic demographics compared to many Illinois towns. Schools receive solid grades: public schools are rated B+ overall, with the school district boasting around a 90% graduation rate.
  

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Cons of Living in Sterling, IL

1. Limited Amenities & Commute Dependence

• Despite livability perks, Sterling lacks walkable access to most amenities. Residents often need a car for shopping, services, or entertainment. Public transportation is minimal.

2. Smaller Job Market & Economic Base

• The economy leans heavily on agriculture, manufacturing, and industrial sectors—notably lacking in diverse or high-growth industries. Job opportunities may be fewer than in metro areas.

3. Educational Performance Gaps

• Sterling High School academic outcomes lag behind state averages. For instance, fewer than 20% of students met SAT math and reading proficiency standards, compared to over 30% statewide.

4. High Property and Sales Tax Burden (Statewide Issue)

• While Sterling itself is affordable, Illinois homeowners still face substantial hidden costs—think property taxes, maintenance, insurance, and utilities. The average Illinois homeowner spends nearly $19,500 a year on these expenses.

5. Small-City Limitations

• With a population around 14,800, Sterling is quite small. That translates to fewer cultural offerings, limited nightlife, and minimal ethnic or entertainment variety.
  

6. Redevelopment Required for Retail Hubs

• The local mall, Northland Mall, has seen retail closures, though redevelopment projects (like a new Hobby Lobby anchor) are underway. Access to fully diverse shopping is still growing.

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