Sold
Last Sold Price
5,600 sqft

305 Bruns Ln, Springfield, IL 62702

Multi FamilyProperty Type
0.27 acresLot Size
$36/sq ftPrice per sq ft

Description

Great potential in these buildings. 2 - fourplex buildings with strong rental history. Great proximity to downtown and local shopping. Six of the units have two bedrooms/1 bath and two have 1 bedroom/1 bath. Great property for the price!Great potential in these buildings. 2 - fourplex buildings with strong rental history. Great proximity to downtown and local shopping. Six of the units have two bedrooms/1 bath and two have 1 bedroom/1 bath. Great property for the price!
  • Listed by: Rachel Pate 217.787.7000 rachelpaterealestate@gmail.com • The Real Estate Group Inc.
Listing closed: 12/17/2018 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA185708
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Recent comparable sales

Median sold price

$200,000

Avg days on market

22

Sale-to-list ratio

95.3%

Springfield, IL

9 comparable properties found

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1/9
1

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Unavailable
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Unavailable
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Square Feet
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Acres
$235,000 | 1901 South 1st Street, Springfield, IL 62704
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Unavailable
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$222,500 | 2333 Gillespie Street, Springfield, IL 62704
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$186,500 | 1137 North Park Avenue, Springfield, IL 62702
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Unavailable
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Square Feet
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$200,000 | 413 Avondale Drive, Springfield, IL 62704
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Sold 02/04/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres
$385,000 | 500 South Douglas Avenue, Springfield, IL 62704
1/39
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Sold 10/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.29
Acres
$200,000 | 543 South Douglas Avenue, Springfield, IL 62704
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Sold 04/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of The Real Estate Group Inc.

Sold By RE/MAX Professionals

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$1,455 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,068

Property Taxes

$387

HOA Dues

$0

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Property Information for 305 Bruns Lane

Property Details

  • Taxes: $4,649 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 6.0

Building Information

  • Residences: 8
  • Lot Size: 0.27 AC / 11,970 SF

Summary

Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: North on Chatham road past Washington St and on the left.
  • Latitude: 39.805263
  • Longitude: -89.687594
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
  • Zoning: Residential
Taxes and HOA Information
  • Parcel Number: 14290351045
  • Tax Annual Amount: $4,649
  • Tax Legal Description: NE PT N5A L6 TEMPLE HILL SUB
  • Tax Year: 2017
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Parking Pad

Property

Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 5600.0
  • Lot Size Dimensions: 171 x 70
  • Number Of Units Total: 8
Utilities
  • Water Sewer Expense: $3,360
  • Water Source: Public Sewer

Interior and Exterior Features

Exterior Features
  • Lawn Snow Removal: 800
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement: Block, None
  • Heating: Electric, Forced Air, Other
  • Number Of Dishwashers: 0
  • Number Of Dryers: 2
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Washers: 2
  • Number Of Window Units: 4
  • Unit Entry Level: ***

Multi Family

Income & Expenses
  • Electric Expense: $600
  • Gross Income: $49,200
  • Insurance Expense: $8,900
  • Maintenance Expense: $2,400
  • Manager Expense: $4,680
  • Net Operating Income: $22,411
  • Operating Expense: $26,789
  • Gas Expense: 0
  • Trash Expense: $1,200
Unit 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Type: Unit 4

Property History for 305 Bruns Lane

DateEvent & SourcePriceAppreciation
Dec 17, 2018

Sold

RMLS ALLIANCE #CA185708

$200,000—
Nov 12, 2018

Pending

RMLS ALLIANCE #CA185708

—
Aug 29, 2018

Listed (Active)

RMLS ALLIANCE #CA185708

$244,000—
DateEvent & SourcePrice
12/17/2018

Sold

RMLS ALLIANCE #CA185708

$200,000
11/12/2018

Pending

RMLS ALLIANCE #CA185708

—
08/29/2018

Listed (Active)

RMLS ALLIANCE #CA185708

$244,000

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

Schools near 305 Bruns Lane

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
Jane Addams 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 10/05/2022 11:04 AM. 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.