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$159,700

1138 S Illinois St, Mercedes, TX, 78570

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$127.96 / sqft
Year BuiltBuilt in 1981

About this property

Welcome home to this beautifully remodeled 3-bedroom, 2-bath brick home ideally located in the heart of Mercedes! Completely updated and truly move-in ready, this home features a new roof, new A/C system, new flooring, fresh interior and exterior paint throughout, and much more! Enjoy the convenience of being just minutes from Downtown Mercedes and Business 83, with easy access to the Rio Grande Valley Premium Outlets and the desirable South Texas ISD Science Academy. Centrally located with a direct drive to Harlingen, Brownsville, and McAllen, making commuting throughout the Rio Grande Valley a breeze. With its extensive updates, solid brick construction, and convenient location, this home is ready for its new owners!

Investor Tools

$0Estimated Mortgage Balance
$177,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,062 /month
Positive
Cash Flow Estimate:
$354 /month

Interested in this property?

Nicole (Nicky) Robbins

Gaston Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$189/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Mercedes

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1138 S Illinois St | Property Details | No Agent List