Last Sold Price
4,986 sqft$33/sqft
1007 W Edwards St, Springfield, IL 62704

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!
LISTING CLOSED: 02/22/2024 12:00 AM

  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

Status
MLS #
CA1026907
Days on Market
1
Taxes
$5,685 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Residential Income
Year Built
1960
Lot Size
0.18 AC / 8,000 SF
Parking Total
7.0
Subdivision Name
Springfield

Recent comparable sales

Median sold price

$170,000

Avg days on market

16

Sale-to-list ratio

95.4%

Springfield, IL

9 comparable properties found

$197,300 | 1115 South 2nd Street, Springfield, IL 62704
1/35
1

$197,300

Sold 02/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,893
Square Feet
0.21
Acres
$165,000 | 506 South Walnut Street, Springfield, IL 62704
1/55
2

$165,000

Sold 11/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
3,236
Square Feet
0.22
Acres
$147,000 | 1143 West Monroe Street, Springfield, IL 62704
1/39
3

$147,000

Sold 12/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,444
Square Feet
0.21
Acres
$175,000 | 1050 West Fayette Avenue, Springfield, IL 62704
1/7
4

$175,000

Sold 07/21/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,688
Square Feet
0.14
Acres
$175,500 | 704 West Fayette Avenue, Springfield, IL 62704
1/27
5

$175,500

Sold 09/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,688
Square Feet
0.12
Acres
$165,000 | 826 South Walnut Street, Springfield, IL 62704
1/19
6

$165,000

Sold 10/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,415
Square Feet
0.11
Acres
$175,500 | 700 West Fayette Avenue, Springfield, IL 62704
1/25
7

$175,500

Sold 09/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,688
Square Feet
0.12
Acres
$170,000 | 636 West Fayette Avenue, Springfield, IL 62704
1/9
8

$170,000

Sold 05/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,475
Square Feet
0.12
Acres
$165,000 | 202 North State Street, Springfield, IL 62702
1/18
9

$165,000

Sold 03/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,277
Square Feet
0.19
Acres

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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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.