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313 5th Street, Colona, IL 61241.
Side-by-side duplex with a functional, easy to rent floor plan. Each unit offers 2 bedrooms and 1.5 bathrooms. Upstairs you'll find both bedrooms and a full bath. The main level features a living room with a large picture window that brings in great natural light, plus an eat-in kitchen, laundry hookups, and a convenient half bath. Each unit has its own outdoor shed for additional storage. The exterior is simple and low-maintenance not flashy, but practical. The real value here is the layout and flexibility. Live in one side and collect income from the other, or add a solid duplex to your portfolio. Opportunities like this don't have to be fancy, they just have to make sense.
MLS ID: 12569497
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313 5th Street, Colona, IL 61241.

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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $164,900 | $164,900 | $164,900 |
| Down Payment | $32,980 | $5,772 | $41,225 |
| Monthly Mortgage Amount | $770 | $945 | $986 |
| Taxes | $229 | $229 | $229 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $73 | $0 |
| Monthly Estimated Total | $1,099 | $1,347 | $1,315 |
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!