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$40,000 Just Listed
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Property Description
This property has UNBEATABLE VALUE!! Opportunities like this do NOT come around often. You won't find a MASSIVE home for this price! This "SPACIOUS" home offers an incredible chance to own one of the most affordable homes of its size in the area. Imagine designing your own 5-bedroom, 2-bath home exactly the way you want it all while buying at a price that's difficult to find in today's market if it were another property Even after completing updates, you're unlikely to find another 5-bedroom property this affordable. This property is packed with potential. Whether you're searching for a large family home, extra room for guests, a home office, or an investment property, this home delivers the space you've been looking for. Before you "assume" that you'll be wasting more than saving more after renovations, get the facts first and ask your realtor or me about the 203K which can combine the purchase price and eligible renovation costs into one loan giving buyers the bargain of a lifetime to customize their home for a lesser price. Don't wait. Homes with this much space with this many bedrooms at this price are hard to find and even harder to replace! Schedule your showing today before this opportunity is gone!
Full Property Details
Full Property Details for 506 Paddock Ave
General
- Price: $40,000
- Taxes: $1,061 (2025)
- Status: Active
- Type: Single Family
- Source: MRED
- MLS ID: 12715231
- Updated: 7/25/2026
- Added to Site: 5 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Location
- Area: Ashton
- County: Lee
- Township: Ashton
- Driving Directions: Latitude: 41.865364 | Longitude: -89.223518
School Information
- School District: 275
- Elem School District: 275
- Midd School District: 275
- High School District: 275
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished, Full
- Square Feet: 1,716
- Sq. Ft. Source: Estimated
- Year Built: 1875
- Built Before 1978: Yes
Lot Features
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 66 x 185
Financial Considerations
- Assessment Year: 1875
- Tax Amount: $1,061
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 3042730700400
Listed by Home First Realty Inc
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Schools
Schools serving 506 Paddock Ave
School District:Ashton Community Unit School District 275
| Name | Grades | Distance |
|---|---|---|
Ashton-Franklin Center Elementary School 217 South Elm Street, Franklin Grove, IL 61031 | PK-6 | 4.4 mi |
Ashton-Franklin Center High School 611 Western Avenue, Ashton, IL 61006 | 7-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 506 Paddock Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,061
17%
$24,287
10%
2024
$905
60%
$22,079
15%
2021
$567
—
$19,199
9%
2021
$567
5%
$17,614
-1%
2020
$539
7%
$17,711
3%
2019
$503
15%
$17,195
3%
2018
$438
—
$16,694
5%
2018
$438
17%
$15,899
5%
2017
$375
—
$15,141
—
2016
$374
-1%
$15,141
—
2015
$376
—
$15,141
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 Paddock Ave
506 Paddock Avenue, Ashton, IL 61006 (MLS# 12715231) is a Single Family property with 5 bedrooms, 1 full bathroom and 1 partial bathroom. 506 Paddock Avenue is currently listed for $40,000 and was received on July 24, 2026. Want to learn more about 506 Paddock Avenue? Do you have questions about finding other Single Family real estate for sale in Ashton? You can browse all Ashton real estate or contact a Coldwell Banker agent to request more information.

