Eric Schlutz, ALC
Description
Opportunity awaits at 811 1st Street in Colona! This 2-bedroom, 1-bath ranch offers solid potential for investors, flippers, or buyers looking to build equity with updates and improvements. The home features an unfinished basement with ample space and future finishing possibilities, providing room to expand your living area over time. Outside, you'll find a fully fenced backyard and an oversized 2.5-car heated garage complete with its own office/workshop space-perfect for hobbies, storage, a home business, or additional workspace. Whether you're looking for your next project or a property with plenty of upside, this home offers endless possibilities. Being sold AS IS. This is a chance to bring your vision and make it your own!
Property Highlights
Property Type: Residential - Single Family
Total Living Area SF: 824
Built in 1955
School District: District 30
Stone Exterior
General Information
Bedrooms: 2
Bathrooms: 1
Sqft: 824
County: Henry
Listed By:
RE/MAX Concepts Bettendorf
563-332-9900
MRED MLS
MLS ID: 12680437
Room Information
Bedroom 2: 11X9
Kitchen: 16X8
Living Room: 17X11
Primary Bedroom: 13X13
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811 1st Street , Colona, IL 61241.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $90,000 | $90,000 | $90,000 |
| Down Payment | $18,000 | $3,150 | $22,500 |
| Monthly Mortgage Amount | $437 | $544 | $556 |
| Taxes | $125 | $125 | $125 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $40 | $0 |
| Monthly Estimated Total | $662 | $809 | $781 |
About this area
About Colona
Colona, IL is a quiet, close-knit community located in Henry County, just a short drive from the Quad Cities. Known for its small-town charm, peaceful atmosphere, and easy access to outdoor recreation, Colona offers a relaxed lifestyle with a strong sense of community. Residents enjoy the scenic beauty of the nearby Hennepin Canal Parkway State Trail, as well as local parks, fishing spots, and family-friendly events throughout the year.
Real estate in Colona primarily consists of single-family homes situated on spacious lots, offering plenty of room for outdoor living. Buyers will find a variety of property styles, from cozy ranches and classic two-story homes to newer construction with modern features. Many homes include garages, porches, and large yards, making them ideal for families or anyone who values space and privacy. The area also presents opportunities for vacant land and custom builds for those seeking a more personalized home environment.
Colona’s affordability, convenient location, and welcoming atmosphere make it an appealing option for first-time buyers, downsizers, and commuters working in nearby cities. With a solid mix of established neighborhoods and newer developments, Colona provides a balanced real estate market and a strong sense of place for those looking to call it home.
If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Colona, IL. You can also contact us—we are here to help!
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