1007 W Edwards St

—
Baths
4,986 Sq. Ft.
$33 / Sq. Ft.
4,986
Sq. Ft.
$33
per Sq. Ft.

Description

Here's an opportunity to own an 8-unit investment property featuring a mix of residential and commercial spaces that perfectly complement each other in central Springfield and close to Washington Park! The package consists of 2 buildings plus a rented garage/shop space with 4 storefronts and 3 upper story apartments. The apartments consist of 2 studios and one 2 bedroom unit, fully rented. Two of the four storefronts will become available with the sale, ready for you to start your own business here!...Here's an opportunity to own an 8-unit investment property featuring a mix of residential and commercial spaces that perfectly complement each other in central Springfield and close to Washington Park! The package consists of 2 buildings plus a rented garage/shop space with 4 storefronts and 3 upper story apartments. The apartments consist of 2 studios and one 2 bedroom unit, fully rented. Two of the four storefronts will become available with the sale, ready for you to start your own business here! The anchor tenant has a 20+ year established business. Your tenants will love the convenient location walkable to shops/restaurants and good visibility from MacArthur Blvd. This is a great opportunity to begin or expand your real estate investment portfolio!
  1. Listed by Megan Pressnall • The Real Estate Group, Inc.
    P: (217)-341-8323 C: (217)-341-8323 megan@thegroup.com

Property Details for 1007 West Edwards Street

Parking Total
7.0
Subdivision Name
Springfield
LISTING CLOSED: 02/22/2024 12:00 AM

Property Details for 1007 West Edwards Street

StatusSold
MLS #CA1026907
Days on Market1
Taxes$5,685 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1960
Lot Size0.18 AC / 8,000 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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Building Information for 1007 West Edwards Street

Stories-Residences8Year Built1960Building Size-Lot Size0.18 AC / 8,000 SF

Payment Calculator

$1,312 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$474

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1007 West Edwards Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: MacArthur Boulevard to West on Edwards Street. Buildings are on north side of street.
  • Latitude: 39.796262
  • Longitude: -89.668627
  • MLSArea Minor: Springfield
  • Postal Code: 62704-3375
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-33.0-153-032
  • Tax Annual Amount: $5,685
  • Tax Legal Description: W 80' E 160' L 7 N STROTTS SUB NE SW NW 33-16-5
  • Tax Year: 2022
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: On Street, Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story, Other
  • Building Area Total: 4986.0
  • Lot Features: Level
  • Lot Size Dimensions: 80 x 100
  • Number Of Units Total: 8
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Other
  • New Construction: No
  • Year Built: 1960
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 7
  • Number Of Gas Meters: 4
  • Numberof Water Meters: 7
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 560
  • Roof: Shingle
  • Construction Materials: Brick Partial
Interior Features
  • Basement: None
  • Heating: Forced Air, Central Air
  • Number Of Central Air Units: 4
  • Number Of Dishwashers: 0
  • Number Of Dryers: 1
  • Number Of Heating Units: 5
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 1
  • Number Of Water Heaters: 3
  • Number Of Window Units: 0
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $8,896
  • Gross Income: $41,714
  • Gross Scheduled Income: $41,714
  • Insurance Expense: $6,159
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $16,161
  • Operating Expense: $19,868
  • Advertising Expense: 0
  • Gas Expense: 3713
  • Misc Annual Income: 0
  • Trash Expense: $540
Unit 1
  • Fireplace YN: N
  • Full Baths: 0
  • Half Baths: 1
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 0
  • Half Baths: 1
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 1007 West Edwards Street

DateEvent & SourcePriceAppreciation
Feb 22, 2024

Sold (Public Record)

Public Record #1528024904

$165,000

+1.2% / yr

Feb 22, 2024

Sold

RMLS ALLIANCE #CA1026907

$165,000—
Jan 23, 2024

Pending

RMLS ALLIANCE #CA1026907

—
DateEvent & SourcePrice
02/22/2024

Sold (Public Record)

Public Record #1528024904

$165,000

+1.2% / yr

02/22/2024

Sold

RMLS ALLIANCE #CA1026907

$165,000
01/23/2024

Pending

RMLS ALLIANCE #CA1026907

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1007 West Edwards Street

Taxable ValueLand$7,496Additions$60,663Total$68,159
Tax Record2025$5,518 ($460 / month)
Home Facts
Lot Size8,188 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-33.0-153-032

Schools near 1007 West Edwards Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Dubois Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
–
–
–
–
8,184
–
–
–
–
14,754
–
–
–
–
7,084
–
–
–
–
14,760
–
–
–
–
12,789

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 02/24/2024 02:09 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.