Address
1025 S 5Th St Springfield, IL
Price
$ 799,000
Property Attributes
  • MLS#CA997157
  • TypeMulti-Family
  • CountySANGAMON
  • CitySpringfield
  • AreaSpringfield
  • Neighborhood5th Street
  • Zip62702
  • Style2+ Story
  • Year Built1980
  • Taxes15492
  • Price$ 799,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage12408
  • Lot Size0.45 Acres
Listing Provided Courtesy Of:
Bill Marriott with The Real Estate Group Inc..
Property Description

Great location just south of Springfield Clinic on 5th Street. 19 units plus managers office and laundry room. All units are 1 bedroom with full bath. Split between 2 buildings, North and South. The North building has been updated and is 80% occupied. The South building is ready for remodel and is 20% occupied. Exterior of the building has been very well maintained. South side has newer metal roof and North side is rubber roof and in good condition. Current Cap Rate sits at 5.04% but Pro-Forma Cap Rate after remodel sits at 14.07%.

High School
Springfield High School
Price History
12/28/2019 Listed $799,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 62702

Price
AVG $720K
$800K
Taxes
AVG $9,602
$15,492
Visits
AVG 18
11
Year Built
AVG 1945
1980
Walkscore
AVG 69
67
Data Provided by Walkscore ® not using MLS data

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