Sold
Last Sold Price
5,700 sqft

1425 S MacArthur Blvd, Springfield, IL 62704

Multi FamilyProperty Type
$77/sq ftPrice per sq ft

Description

Mixed use commercial/residential consisting of 3 buildings/1 dental office & 6 residential units with 1 additional room & 1/2 bath rented for storage by current tenant. 4th parcel is the parking lot with 21 spaces used by all tenants. Dental office has handicap accessible ramp for main level only. Total Gross receivables $72,000/year current expenses $16,846 for net of $55,153 income. See attached update/info sheet. Owner pays water/sewer for 1425 MacArthur & garbage service. Tenants pay electric/gas/water/sewer...Mixed use commercial/residential consisting of 3 buildings/1 dental office & 6 residential units with 1 additional room & 1/2 bath rented for storage by current tenant. 4th parcel is the parking lot with 21 spaces used by all tenants. Dental office has handicap accessible ramp for main level only. Total Gross receivables $72,000/year current expenses $16,846 for net of $55,153 income. See attached update/info sheet. Owner pays water/sewer for 1425 MacArthur & garbage service. Tenants pay electric/gas/water/sewer for all units (except water/sewer for 1425)
  • Listed by: Nancy Long 217.306.2365 nancy@nancylong.com • The Real Estate Group, Inc.
Listing closed: 09/27/2024 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1031110
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Recent comparable sales

Median sold price

$385,000

Avg days on market

32

Sale-to-list ratio

95.3%

Springfield, IL

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Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By RE/MAX Professionals

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$3,328 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,349

Property Taxes

$979

HOA Dues

$0

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Property Information for 1425 South MacArthur Boulevard

Property Details

  • Taxes: $11,746 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 29.0
  • Subdivision Name: None

Building Information

  • Residences: 7

Summary

Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Corner of Leland & MacArthur
  • Latitude: 39.784936
  • Longitude: -89.668678
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
  • Zoning: mixed
Taxes and HOA Information
  • Additional Parcels Description: 22050229033,034,035
  • Parcel Number: 22050229036
  • Tax Annual Amount: $11,746
  • Tax Legal Description: Wanless Park Place Addn E 90' L 13
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other

Property

Lot Information
  • Structure Type: Two or More Story
  • Accessibility Features: Handicap Access
  • Building Area Total: 5700.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: see GIS maps
  • Number Of Units Total: 7
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Brick, Concrete
  • New Construction: No
  • Year Built: 0
  • Year Built Source: Unable to Verify Actual Age
Utilities
  • Number Of Electric Meters: 7
  • Number Of Gas Meters: 7
  • Numberof Water Meters: 3
  • Water Sewer Expense: $360
  • Water Source: Public Sewer, Public

Interior and Exterior Features

Exterior Features
  • Lawn Snow Removal: 0
  • Roof: Composition, Shingle
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Basement: Full
  • Heating: Forced Air, Gas, Central Air, Window Unit(s)
  • Interior Features: Cable Available, Handicap Access, High Speed Internet
  • Laundry Features: None
  • Number Of Central Air Units: 3
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 7
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Washers: 0
  • Number Of Water Heaters: 3
  • Number Of Window Units: 8
  • Operating Recording Device: None

Multi Family

Income & Expenses
  • Electric Expense: $0
  • Gross Income: $72,000
  • Gross Scheduled Income: $72,000
  • Insurance Expense: $3,600
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $55,154
  • Operating Expense: $5,100
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,140
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Number Covered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Number Covered: 0
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4

Rental

Rent Information
  • Lease Term: Month-to-Month, Other Lease Information
  • Tenant Pays: All Utilities

Property History for 1425 South MacArthur Boulevard

DateEvent & SourcePriceAppreciation
Sep 27, 2024

Sold

RMLS ALLIANCE #CA1031110

$440,000—
Sep 27, 2024

Sold

RMLS ALLIANCE #CA1031110

$220,000—
Sep 7, 2024

Pending

RMLS ALLIANCE #CA1031110

—
DateEvent & SourcePrice
09/27/2024

Sold

RMLS ALLIANCE #CA1031110

$440,000
09/27/2024

Sold

RMLS ALLIANCE #CA1031110

$220,000
09/07/2024

Pending

RMLS ALLIANCE #CA1031110

—

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

Public Records for 1425 South MacArthur Boulevard

Taxable Value

Land

$6,796

Additions

$35,721
Total$42,517

Tax Record

2025

$3,442 ($287 / month)

Home Facts

Beds

0

Lot Size

3,578 SqFt

Style

Single Family Residence

County

SANGAMON

APN

22-05.0-229-036

Schools near 1425 South MacArthur Boulevard

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 - 9 to 12
Rating
School
Distance
Butler Elementary School
PublicK to 5

Benjamin Franklin Middle School
Public6 to 8

Springfield High School
Public9 to 12

Springfield Learning Academy
Public9 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

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 09/28/2024 03:01 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.