Sold
Last Sold Price
8,500 sqft$51/sqft
2851 Taylor Ave, Springfield, IL 62703
Multi FamilyProperty Type
2.1 acresLot Size
1978Year Built
$51/sq ftPrice per sq ft

Description

Here is a great opportunity to grab a well maintained 6 unit complex with SO MUCH VALUE TO ADD! Conveniently located to I55, south 6th street and Dirksen. This building has a full basement that could easily be finished into leasable storage space, or add two efficiency apartments with plumbing already in place! Bonus vacant land included, and this ~1.5 acre ground is the perfect space to expand the investment footprint. Build multiple additional complexes, or add storage units and maximize the possibilities!...Here is a great opportunity to grab a well maintained 6 unit complex with SO MUCH VALUE TO ADD! Conveniently located to I55, south 6th street and Dirksen. This building has a full basement that could easily be finished into leasable storage space, or add two efficiency apartments with plumbing already in place! Bonus vacant land included, and this ~1.5 acre ground is the perfect space to expand the investment footprint. Build multiple additional complexes, or add storage units and maximize the possibilities! The current structure was completely updated in 2015 with all new wiring, plumbing, windows, roof and HVAC. Multiple units have seen cosmetic upgrades even since then, with fresh paint, fixtures, Luxury Vinyl Plank, etc. 4 of the 6 units are leased with extended commitments, one unit Month to month, and the 6th is primed for its next occupant who is actively being sought out. Don't miss the chance to add this property to your investment portfolio!
  • Listed by: Joshua Kruse 217.816.9405 jkrusethegroup@gmail.com • The Real Estate Group, Inc.
Listing closed: 09/04/2024 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1030068

Recent comparable sales

Median sold price

$440,000

Avg days on market

53

Sale-to-list ratio

96.0%

Springfield, IL

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Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By Keller Williams Capital

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Payment Calculator

$2,925 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,201

Property Taxes

$724

HOA Dues

$0

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Property Information for 2851 Taylor Avenue

Property Details
  • Taxes: $8,692 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 12.0
  • Subdivision Name: None
Building Information
  • Residences: 6
  • Year Built: 1978
  • Lot Size: 2.10 AC / 91,476 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Heading east on Stevenson from 6th street, turn North on Taylor. Property is on the West side of the street.
  • Latitude: 39.765745
  • Longitude: -89.617206
  • MLSArea Minor: Springfield
  • Postal Code: 62703
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 22-11.0-251-004 & 22-11.0-251-003
  • Parcel Number: 22-11.0-251-005
  • Tax Annual Amount: $8,692
  • Tax Legal Description: PT SW1/4 NE1/4 11-15-5
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Guest Parking
Property
Lot Information
  • Structure Type: Two or More Story
  • Accessibility Features: Handicap Access, Main Level Entry
  • Building Area Total: 8500.0
  • Lot Features: Extra Lot, Level
  • Lot Size Acres: 2.1
  • Lot Size Dimensions: 30,056 sq ft
  • Number Of Units Total: 6
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Aerial Photos,Legal Description
  • Foundation Details: Concrete, Poured Concrete
  • New Construction: No
  • Year Built: 1978
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 6
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Rubber, Shingle
  • Construction Materials: Brick, Wood Siding
Interior Features
  • Basement: Full, Unfinished
  • Heating: Electric, Forced Air, Central Air, Electric Water Heater
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 6
  • Number Of Dishwashers: 6
  • Number Of Heating Units: 6
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Water Heaters: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $2,611
  • Maintenance Expense: $4,000
  • Manager Expense: $4,680
  • Net Operating Income: $-21,543
  • Operating Expense: $12,851
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,560
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: 1 Year, Various Terms
  • Tenant Pays: Electricity, Gas & Electric, Gas, Sewer, Water

Property History for 2851 Taylor Avenue

DateEvent & SourcePriceAppreciation
Sep 4, 2024

Sold

RMLS ALLIANCE #CA1030068

$433,000
Jul 24, 2024

Pending

RMLS ALLIANCE #CA1030068

Jun 27, 2024

Listed (Active)

RMLS ALLIANCE #CA1030068

$449,900
DateEvent & SourcePrice
09/04/2024

Sold

RMLS ALLIANCE #CA1030068

$433,000
07/24/2024

Pending

RMLS ALLIANCE #CA1030068

06/27/2024

Listed (Active)

RMLS ALLIANCE #CA1030068

$449,900

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

Public Records for 2851 Taylor Avenue

Taxable ValueLand$10,867Additions-Total$10,867
Tax Record2025$880 ($73 / month)
Home Facts
Lot Size17,860 SqFtStyleCommercialCountySANGAMONAPN22-11.0-251-004

Schools near 2851 Taylor 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
Laketown Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Springfield Southeast 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 09/06/2024 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.