1042 N 1st St

Springfield, IL 62702

$130,000
Price
—
Beds
—
Baths
1,644 Sq. Ft.
$79 / Sq. Ft.
1,644
Sq. Ft.
$79
per Sq. Ft.

Description

Investors! Unit A $853 Unit B $799 Unit C Will be rented out before closing. Great cash flow! 24 Hour notice and preapproval is required before showings can be approved. Back on the market due to buyer financingInvestors! Unit A $853 Unit B $799 Unit C Will be rented out before closing. Great cash flow! 24 Hour notice and preapproval is required before showings can be approved. Back on the market due to buyer financing
  1. Listed by Jami Winchester • The Real Estate Group, Inc.
  2. Listed by Cely Graves • The Real Estate Group, Inc.

Property Details for 1042 North 1st Street

Parking Total
3.0
Subdivision Name
None
LISTING UPDATED: 11/01/2025 03:01 PM

Property Details for 1042 North 1st Street

StatusActive
MLS #CA1038328
Days on Market73
Taxes$2,347 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1909
Lot Size0.10 AC / 4,463 SF
CountySangamon County

Location

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

Building Information for 1042 North 1st Street

Stories-Residences3Year Built1909Building Size-Lot Size0.10 AC / 4,463 SF

Payment Calculator

$838 per month

30 year fixed, 6.28% Interest

Principal and Interest

$642

Property Taxes

$196

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1042 North 1st Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: GPS Friendly
  • Latitude: 39.813643
  • Longitude: -89.654272
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 14270101034
  • Parcel Number: 14280230019
  • Tax Annual Amount: $2,347
  • Tax Legal Description: See tax records
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: On Street, Other
Property
Lot Information
  • Structure Type: Triplex
  • Building Area Total: 1644.0
  • Lot Features: Level
  • Lot Size Dimensions: 43 x 103.8
  • Number Of Units Total: 3
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1909
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $100
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full
  • Heating: Baseboard, Electric, Natural Gas, Gas Water Heater, Window Unit(s)
  • Laundry Features: Other
  • Number Of Central Air Units: 1
  • Number Of Heating Units: 1
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Water Heaters: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $28,944
  • Gross Scheduled Income: $28,944
  • Insurance Expense: $80
  • Maintenance Expense: $100
  • Manager Expense: $285
  • Net Operating Income: $25,910
  • Operating Expense: $687
  • Advertising Expense: 0
  • Gas Expense: 100
  • Misc Annual Income: 0
  • Trash Expense: $22
Unit 1
  • 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 1
Unit 2
  • 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 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

Property History for 1042 North 1st Street

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Temporarily Off Market

MRED #1038328

—
Aug 6, 2025

Listed (Active)

RMLS ALLIANCE #CA1038328

$130,000—
Aug 6, 2025

Listed (Active)

MRED #1038328

$130,000—
Apr 23, 2021

Sold

RMLS ALLIANCE #CA1005759

$57,500—
Mar 24, 2021

Pending

RMLS ALLIANCE #CA1005759

—
Mar 23, 2021

Listed (Active)

RMLS ALLIANCE #CA1005759

$57,500—
DateEvent & SourcePrice
12/17/2025

Temporarily Off Market

MRED #1038328

—
08/06/2025

Listed (Active)

RMLS ALLIANCE #CA1038328

$130,000
08/06/2025

Listed (Active)

MRED #1038328

$130,000
04/23/2021

Sold

RMLS ALLIANCE #CA1005759

$57,500
03/24/2021

Pending

RMLS ALLIANCE #CA1005759

—
03/23/2021

Listed (Active)

RMLS ALLIANCE #CA1005759

$57,500

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

Public Records for 1042 North 1st Street

Taxable ValueLand$489Additions-Total$489
Tax Record2024$41 ($3 / month)
Home Facts
Beds0Lot Size2,025 SqFtStyleResidentialCountySANGAMONAPN14-27.0-101-034

Schools near 1042 North 1st Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Mcclernand Elementary School
Public - K to 5
U S Grant Middle School
Public - 6 to 8
Lanphier High School
Public - 9 to 12
Douglas School
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.

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More information about 1042 North 1st Street, Springfield, IL 62702

1042 North 1st Street is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on August 6, 2025 by The Real Estate Group, Inc., it's currently listed at $130,000. It has been on the market for a total of 73 days and was last sold on April 23, 2021. 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. 1042 North 1st Street is a 0-bed, 0-bath, 1,644 sqft multi-family home built in 1909.

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.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 10:19 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.