Sold
Last Sold Price
2,277 sqft$72/sqft
202 N State St, Springfield, IL 62702
Multi FamilyProperty Type
8,145 sq ftLot Size
1945Year Built
$72/sq ftPrice per sq ft

Description

Here is an investor’s chance to own a unique multi-family investment property! A 2-story duplex and small house on the same parcel! Both units of the duplex are leased; main level for $925 and 2nd story for $750 with leases until 6/30/25. 825 Ruth is vacant but currently looking for a new tenant. The prospective rent is set at $875 but the marketing will be taken down with a signed purchase contract. The seller has put $25k in updates total in all 3 units, which includes new gutters and securing...Here is an investor’s chance to own a unique multi-family investment property! A 2-story duplex and small house on the same parcel! Both units of the duplex are leased; main level for $925 and 2nd story for $750 with leases until 6/30/25. 825 Ruth is vacant but currently looking for a new tenant. The prospective rent is set at $875 but the marketing will be taken down with a signed purchase contract. The seller has put $25k in updates total in all 3 units, which includes new gutters and securing the crawlspace entry by installing a well for 825. All units have new thermostats, fixtures, toilets and some fresh paint. 202 has a new range and washer/dryer in the finished basement. 202.5 has a new range and refrigerator. 825 has a new range, refrigerator and washer/dryer. 202.5 has the capability for installing w/d hookups. 825 is basically all new; fresh paint and LVT throughout, fixtures, AC wall unit, kitchen counter, bathroom vanity and mirror. 202 has an attached 2 car garage, 202.5 and 825 have off-street parking. 202/202.5 has 1680 finished sf. and 825 has 597 sf. New roof for 202/202.5 in 2023 (garage roof is older). 825 was built in 1930 and 202 was built in 1945. Inspections are welcome but is being sold as is.
  • Listed by: Ben Call 217.341.9397 bcall@thegroup.com • The Real Estate Group, Inc.
Listing closed: 03/26/2025 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1034532

Recent comparable sales

Median sold price

$165,000

Avg days on market

45

Sale-to-list ratio

96.1%

Springfield, IL

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Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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Payment Calculator

$1,089 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$251

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 202 North State Street

Property Details
  • Taxes: $3,008 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 5.0
  • Subdivision Name: None
Building Information
  • Residences: 3
  • Year Built: 1945
  • Lot Size: 0.19 AC / 8,145 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: East on Washington. North on N. State St. Property is located on the corner of Ruth St and State.
  • Latitude: 39.803038
  • Longitude: -89.666316
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-28.0-379-013
  • Tax Annual Amount: $3,008
  • Tax Legal Description: L 12 E.A. WILSONS ADDN #3
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other, Parking Pad
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 2277.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 45 x 181
  • Number Of Units Total: 3
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1945
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 2
  • Water Sewer Expense: $258
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 2240
  • Roof: Shingle
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement: Crawl Space, Finished, Full
  • Heating: Natural Gas, Hot Water, Central Air, Gas Water Heater, Wall Unit(s)
  • Interior Features: Cable Available, Garage Door Opener(s)
  • Laundry Features: None, Private
  • Number Of Central Air Units: 2
  • Number Of Dishwashers: 0
  • Number Of Dryers: 2
  • Number Of Heating Units: 3
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 2
  • Number Of Water Heaters: 2
  • Number Of Window Units: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $20,100
  • Gross Scheduled Income: $20,100
  • Insurance Expense: $2,398
  • Maintenance Expense: $586
  • Manager Expense: $0
  • Net Operating Income: $11,394
  • Operating Expense: $5,698
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $216
Unit 1
  • Fireplace YN: Y
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 2
  • Number Parking: 2
  • Number Uncovered: 0
  • 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 Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: One Year or Less

Property History for 202 North State Street

DateEvent & SourcePriceAppreciation
Mar 26, 2025

Sold (Public Record)

Public Record #1554427669

$165,000

+9.6% / yr

Mar 26, 2025

Sold

RMLS ALLIANCE #CA1034532

$165,000
Feb 26, 2025

Pending

RMLS ALLIANCE #CA1034532

DateEvent & SourcePrice
03/26/2025

Sold (Public Record)

Public Record #1554427669

$165,000

+9.6% / yr

03/26/2025

Sold

RMLS ALLIANCE #CA1034532

$165,000
02/26/2025

Pending

RMLS ALLIANCE #CA1034532

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

Public Records for 202 North State Street

Taxable ValueLand$5,907Additions$51,422Total$57,329
Tax Record2025$4,642 ($387 / month)
Home Facts
Beds0Lot Size8,134 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-28.0-379-013

Schools near 202 North State 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
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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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 04/08/2025 03:02 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.