Address
724 N 5Th St Springfield, IL
Price
$ 2,000,000
Property Attributes
  • MLS#CA190194
  • TypeMulti-Family
  • CountySANGAMON
  • CitySpringfield
  • AreaSpringfield
  • Zip62702
  • StyleApartment Building
  • Taxes22581
  • Price$ 2,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage39221
  • Lot Size1.94 Acres
Listing Provided Courtesy Of:
Jerry Lemmon with The Real Estate Group Inc..
Property Description

RARE INVESTMENT OPPORTUNITY near hospitals, downtown Spfld & new YMCA site! DESIRABLE exceptionally well Managed/Maintained (+/-)45 unit TURN-KEY complex is winner of historic preservation awards, includes 9 structures & 3 vac lots occupying nearly an entire square block (SEE ATTACHMENTS for complete list & Rent Roll)! Gross Oper Income is 5yr avg of ACTUAL Rent Receipts & INCL avg Coin-op net inc of $4,133/yr. Maint Exp & Mngmnt estimated. Taxes of $22,581 is Actual 2018 pd in 2019 & includes the 3 lots but NOT 717 N. 6th! 5yr avg for utilities $37,234 TOTAL. Most elec pd by tenant except for hot water. Beautiful 717 N. 6th-currently single family home worth approx $110,000, could convert back to duplex (NO INCOME OR EXPENSES FOR THAT PROPERTY IN ANY OF THE #'s)! 2019 P&L not yet completed, but estimated to reflect Actual NOI of approx $190,000! Eligible for TIF & Entprise zone sales tax exemp. See Agent Remarks & comments w/photos!

High School
Springfield District #186 High School
Price History
6/28/2019 Listed $2,000,000

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
$2M
Taxes
AVG $9,602
$22,581
Visits
AVG 18
33
Walkscore
AVG 69
76
Data Provided by Walkscore ® not using MLS data

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