122 N Parker Ave

—
Baths
7,800 Sq. Ft.
$74 / Sq. Ft.
7,800
Sq. Ft.
$74
per Sq. Ft.

Description

Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious...Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.
  1. Listed by Jacque Combs • RE/MAX Professionals
    P: (217)-416-7995 C: (217)-416-7995 jpcombsrealtor@gmail.com

Property Details for 122 North Parker Avenue

Parking Total
15.0
Subdivision Name
None
LISTING CLOSED: 01/16/2025 12:00 AM

Property Details for 122 North Parker Avenue

StatusSold
MLS #CA1029479
Days on Market29
Taxes$12,888 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1985
Lot Size0.44 AC / 19,200 SF
CountySangamon County

Location

Listing Courtesy of RE/MAX Professionals

Sold By Heritage Real Estate Group

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Building Information for 122 North Parker Avenue

Stories-Residences12Year Built1985Building Size-Lot Size0.44 AC / 19,200 SF

Payment Calculator

$3,944 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,870

Property Taxes

$1,074

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 122 North Parker Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: E of Jefferson & Walnut by Hardee's
  • Latitude: 39.802266
  • Longitude: -89.661789
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 14-28.0-456-008 14-28.0-456-007
  • Parcel Number: 14-28.0-456-009
  • Tax Annual Amount: $12,888
  • Tax Legal Description: L 22 COWGILLS ADDN L 24 COWGILLS ADDN L 26 COWGILLS ADDN
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Guest Parking, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 7800.0
  • Lot Features: Level
  • Lot Size Dimensions: 120x160
  • Number Of Units Total: 12
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1985
Utilities
  • Number Of Electric Meters: 12
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 3
  • Water Sewer Expense: $570
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: None
  • Heating: Electric, Forced Air, Central Air
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 12
  • Number Of Heating Units: 12
  • Number Of Ranges: 12
  • Numberof Refrigerators: 12
  • Number Of Water Heaters: 12
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $440
  • Maintenance Expense: $50
  • Manager Expense: $0
  • Net Operating Income: $-14,148
  • Operating Expense: $1,260
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $200
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: Y
  • 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
Rental
Rent Information
  • Lease Term: 1 Year, Month-to-Month, Various Terms
  • Tenant Pays: Gas & Electric

Property History for 122 North Parker Avenue

DateEvent & SourcePriceAppreciation
Jan 16, 2025

Sold

RMLS ALLIANCE #CA1029479

$576,000—
Jan 14, 2025

Sold (Public Record)

Public Record #1549350685

$576,000

+4.2% / yr

Jun 28, 2024

Pending

RMLS ALLIANCE #CA1029479

—
DateEvent & SourcePrice
01/16/2025

Sold

RMLS ALLIANCE #CA1029479

$576,000
01/14/2025

Sold (Public Record)

Public Record #1549350685

$576,000

+4.2% / yr

06/28/2024

Pending

RMLS ALLIANCE #CA1029479

—

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

Public Records for 122 North Parker Avenue

Taxable ValueLand$25,767Additions$31,226Total$56,993
Tax Record2025$4,614 ($385 / month)
Home Facts
Lot Size6,419 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-28.0-456-009

Schools near 122 North Parker Avenue

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
Elizabeth Graham 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 RE/MAX Professionals

Based on information submitted to the MLS GRID as of 01/16/2025 01:06 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.