1038 N 1st St

—
Baths
2,743 Sq. Ft.
$55 / Sq. Ft.
2,743
Sq. Ft.
$55
per Sq. Ft.

Description

Calling all investors! This super conveniently located rental property sits just blocks from Memorial Medical Center and SIU School of Medicine, and offers the perfect spot to house medical students and traveling nurses. Currently fully leased, so income will be immediately generated. This single family home was duplexed in the 1990's, and has seen replaced siding, windows, some updated HVAC, & the electric and gas meters have been separated. Shared washer & dryer available in basement. One unit...Calling all investors! This super conveniently located rental property sits just blocks from Memorial Medical Center and SIU School of Medicine, and offers the perfect spot to house medical students and traveling nurses. Currently fully leased, so income will be immediately generated. This single family home was duplexed in the 1990's, and has seen replaced siding, windows, some updated HVAC, & the electric and gas meters have been separated. Shared washer & dryer available in basement. One unit has 1 bedroom, 1 Bath, living room and kitchen. Second unit has 4 bedrooms, 1.5 baths, living room, kitchen and closets for storage. Shared basement offers even more usable storage. Off street, ally side parking easily accommodates 4 cars, with even more parking at the street. This is a super affordable duplex that will increase your portfolio earnings!
  1. Listed by Joshua Kruse • The Real Estate Group, Inc.

Property Details for 1038 North 1st Street

Parking Total
2.0
Subdivision Name
None
LISTING UPDATED: 03/20/2026 03:00 PM

Property Details for 1038 North 1st Street

StatusActive
MLS #CA1042419
Days on Market2
Taxes$3,900 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1913
Lot Size0.16 AC / 6,956 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute

Building Information for 1038 North 1st Street

Stories-Residences2Year Built1913Building Size-Lot Size0.16 AC / 6,956 SF

Payment Calculator

$1,053 per month

30 year fixed, 6.11% Interest

Principal and Interest

$728

Property Taxes

$325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1038 North 1st Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Heading east on North Grand from N Walnut, turn south on 1st St. The property is on the east side of the street.
  • Latitude: 39.813512
  • Longitude: -89.654291
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-28.0-230-033
  • Tax Annual Amount: $3,900
  • Tax Legal Description: N 47' S 90' LOT 10 JAYNE WEBER & HELMLE ADDN & S 47'N 210' LOT 3 ANDREW ELLIOTTS SUB 47 X 148.80
  • Tax Year: 2025
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Guest, On Street, Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story, Duplex
  • Accessibility Features: Level
  • Building Area Total: 2743.0
  • Lot Features: Level
  • Lot Size Dimensions: 47x148
  • Number Of Units Total: 2
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • Foundation Details: Block, Concrete Perimeter
  • New Construction: No
  • Year Built: 1913
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,500
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full, Unfinished
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Gas Water Heater, Window Unit(s)
  • Interior Features: Cable Available
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 2
  • Number Of Heating Units: 2
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $23,236
  • Gross Scheduled Income: $23,236
  • Insurance Expense: $1,360
  • Maintenance Expense: $5,353
  • Manager Expense: $2,091
  • Net Operating Income: $9,032
  • Operating Expense: $10,304
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: Y
  • Full Baths: 1
  • Half Baths: 1
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Trash Collection, Lawn Care, Snow Removal

Property History for 1038 North 1st Street

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

RMLS ALLIANCE #CA1042419

$150,000—
Jun 9, 2023

Sold

RMLS ALLIANCE #CA1021908

$121,500—
Jun 8, 2023

Sold (Public Record)

Public Record #1513825342

$121,500

+6.3% / yr

May 3, 2023

Pending

RMLS ALLIANCE #CA1021908

—
May 1, 2023

Listed (Active)

RMLS ALLIANCE #CA1021908

$114,900—
Sep 30, 2019

Sold (Public Record)

Public Record #1339810202

$97,000—
Sep 30, 2019

Sold

RMLS ALLIANCE #CA870

$97,000—
Aug 19, 2019

Pending

RMLS ALLIANCE #CA870

—
Jul 16, 2019

Listed (Active)

RMLS ALLIANCE #CA870

$99,900—
DateEvent & SourcePrice
03/18/2026

Listed (Active)

RMLS ALLIANCE #CA1042419

$150,000
06/09/2023

Sold

RMLS ALLIANCE #CA1021908

$121,500
06/08/2023

Sold (Public Record)

Public Record #1513825342

$121,500

+6.3% / yr

05/03/2023

Pending

RMLS ALLIANCE #CA1021908

—
05/01/2023

Listed (Active)

RMLS ALLIANCE #CA1021908

$114,900
09/30/2019

Sold (Public Record)

Public Record #1339810202

$97,000
09/30/2019

Sold

RMLS ALLIANCE #CA870

$97,000
08/19/2019

Pending

RMLS ALLIANCE #CA870

—
07/16/2019

Listed (Active)

RMLS ALLIANCE #CA870

$99,900

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

Public Records for 1038 North 1st Street

Taxable ValueLand$3,144Additions$43,282Total$46,426
Tax Record2024$3,900 ($325 / month)
Home Facts
Beds0Lot Size6,994 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-28.0-230-033

Schools near 1038 North 1st 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
Mcclernand Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Lanphier 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.

Similar Homes

Similar Sold Homes

1038 North 1st Street is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on March 18, 2026 by The Real Estate Group, Inc., it's currently listed at $150,000. It has been on the market for a total of 2 days and was last sold on June 9, 2023. This listing's school district is Springfield School District 186. Nearby schools include Mcclernand Elementary School, U S Grant Middle School and Lanphier High School. 1038 North 1st Street is a 0-bed, 0-bath, 2,743 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 03/20/2026 03:00 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.