Sold
Last Sold Price
4,550 sqft

3111 Twin Lakes Dr, Springfield, IL 62707

Multi FamilyProperty Type
0.45 acresLot Size
2000Year Built
$64/sq ftPrice per sq ft

Description

Fourplex investment opportunity located at 3111-3115 Twin Lakes Drive in Twin Lakes Subdivision. The property is fully leased and consists of 4 units each with its own attached 1 car garage. Gross annual income from the property is $38,220. Tenants are responsible for their own utilities. Landlord pays association dues which include garbage that run approximately $970 a year. Landlord also is responsible for grass cutting and snow plowing. This property can be purchased individually or in combination...Fourplex investment opportunity located at 3111-3115 Twin Lakes Drive in Twin Lakes Subdivision. The property is fully leased and consists of 4 units each with its own attached 1 car garage. Gross annual income from the property is $38,220. Tenants are responsible for their own utilities. Landlord pays association dues which include garbage that run approximately $970 a year. Landlord also is responsible for grass cutting and snow plowing. This property can be purchased individually or in combination with the 12 unit apartment complex located at 3101 Twin Lakes Drive.
  • Listed by: Joseph Hurwitz 217.544.4002 JHurwitz@BlackstoneHurwitz.com • Hurwitz Enterprises
Listing closed: 05/31/2017 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA170801
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Recent comparable sales

Median sold price

$320,000

Avg days on market

45

Sale-to-list ratio

99.6%

Springfield, IL

9 comparable properties found

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1/9
1

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Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.21
Acres
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1/45
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Unavailable
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Unavailable
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$337,700 | 541 East Black Avenue, Springfield, IL 62702
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$355,000 | 824 East Ridgely Avenue, Springfield, IL 62702
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Sold 09/28/26

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Square Feet
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Acres
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Sold 09/30/26

Unavailable
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Square Feet
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Acres
$320,000 | 6425 Cherylwood Drive, Springfield, IL 62712
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Sold 08/01/25

Unavailable
Bedrooms
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Square Feet
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Acres
$625,000 | 3101 Twin Lakes Drive, Springfield, IL 62707
1/2
8

$625,000

Sold 11/15/24

Unavailable
Bedrooms
Unavailable
Bathrooms
10,680
Square Feet
Unavailable
Acres
9

$250,000

Sold 01/16/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.30
Acres

Location

Listing Courtesy of Hurwitz Enterprises

Sold By The Real Estate Group Inc.

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$2,155 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,562

Property Taxes

$594

HOA Dues

$0

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Property Information for 3111 Twin Lakes Drive

Property Details

  • Taxes: $7,124 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 4.0
  • Subdivision Name: Twin Lakes

Building Information

  • Residences: 4
  • Year Built: 2000
  • Lot Size: 0.45 AC / 19,628 SF

Summary

Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Head North on North Dirksen, Turn West on Mayden Drive, Turn South on Twin
  • Latitude: 39.843701
  • Longitude: -89.609127
  • MLSArea Minor: Springfield
  • Postal Code: 62707
  • State Or Province: IL
  • Zoning: PUD
Taxes and HOA Information
  • Parcel Number: 14130130001
  • Tax Annual Amount: $7,124
  • Tax Legal Description: TWIN LAKES 6TH ADDN LOT 2
  • Tax Year: 2016
Parking
  • Parking Features: Attached

Property

Lot Information
  • Structure Type: Other
  • Building Area Total: 4550.0
  • Lot Size Dimensions: 19628
  • Number Of Units Total: 4
Property and Assessments
  • Year Built: 2000
Utilities
  • Water Sewer Expense: $0
  • Water Source: Community Sewer System, Public

Interior and Exterior Features

Exterior Features
  • Lawn Snow Removal: 0
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Block, Crawl Space
  • Heating: Forced Air, Gas, Central
  • Number Of Central Air Units: 4
  • Number Of Dishwashers: 0
  • Number Of Dryers: 4
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Washers: 4
  • Number Of Window Units: 0
  • Unit Entry Level: ***

Multi Family

Income & Expenses
  • Electric Expense: $0
  • Gross Income: $38,220
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $29,596
  • Operating Expense: $8,624
  • Gas Expense: 0
  • Trash Expense: $0

Property History for 3111 Twin Lakes Drive

DateEvent & SourcePriceAppreciation
May 31, 2017

Sold (Public Record)

Public Record #1255050712

$260,000—
May 31, 2017

Sold (Public Record)

Public Record #1439426789

$260,000—
May 31, 2017

Sold

RMLS ALLIANCE #CA170801

$292,500—
DateEvent & SourcePrice
05/31/2017

Sold (Public Record)

Public Record #1255050712

$260,000
05/31/2017

Sold (Public Record)

Public Record #1439426789

$260,000
05/31/2017

Sold

RMLS ALLIANCE #CA170801

$292,500

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

Public records

3111 Twin Lakes Drive

Lot Size

18,626 SqFt

Style

Miscellaneous Commercial

County

SANGAMON

APN

14-13.0-130-001

Schools near 3111 Twin Lakes Drive

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 8
Rating
School
Distance
Wilcox Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Lanphier High School
Public9 to 12

Lincoln Magnet School
Public6 to 8

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 Hurwitz Enterprises

Based on information submitted to the MLS GRID as of 08/10/2021 03:40 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.