Last Sold Price
6,448 sqft$60/sqft
430 Keys Ave, Springfield, IL 62702

Description

Endless Potential – 8-Unit Property! Well-maintained and fully functional, this property offers a strong mix of unit types and updated interiors. The first floor features four 1-bed/1-bath units (all electric, with both front and rear entrances), while the second floor includes four 2-bed/1-bath units. Tenant Utilities: • First-floor tenants pay their own electric. • Second-floor tenants pay their own gas and electric. Owner Expenses: Gas for two water heaters serving the first-floor units, plus...Endless Potential – 8-Unit Property! Well-maintained and fully functional, this property offers a strong mix of unit types and updated interiors. The first floor features four 1-bed/1-bath units (all electric, with both front and rear entrances), while the second floor includes four 2-bed/1-bath units. Tenant Utilities: • First-floor tenants pay their own electric. • Second-floor tenants pay their own gas and electric. Owner Expenses: Gas for two water heaters serving the first-floor units, plus water, sewer, trash, and landscaping. The parking lot is spacious, in excellent condition, and unassigned for tenant convenience. Current ownership has completed updates throughout, making this a turnkey opportunity. Additional Info: A 3D tour and current Rent roll available upon request. Please do not disturb tenants—walking the exterior is welcome, but interior tours will only be arranged following an accepted contingent offer.
LISTING CLOSED: 02/09/2026 12:00 AM

  1. Listed by Jay Myers • Real Broker, LLC
    P: (217) 502-9339 C: (217) 502-9339 Jay.myers@joinreal.com

Property Details for 430 Keys Avenue

Status
MLS #
CA1039538
Days on Market
76
Taxes
$11,527 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Residential Income
Year Built
1960
Lot Size
0.28 AC / 12,160 SF
Parking Total
14.0
Subdivision Name
Springfield

Location

Listing Courtesy of Real Broker, LLC

Sold By Real Broker, LLC

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Building Information for 430 Keys Avenue

Stories-Residences8Year Built1960Building Size-Lot Size0.28 AC / 12,160 SF

Payment Calculator

$2,943 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,982

Property Taxes

$961

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 430 Keys Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: traveling south on N 5th street the property is located directly across from the old benedictine campus
  • Latitude: 39.820721917
  • Longitude: -89.64956844
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-22.0-308-016
  • Tax Annual Amount: $11,527
  • Tax Legal Description: N 80' E 152' L 7 Beverly Allens SUB PT W1/2 SW 22-16-5
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: On Street, Parking Pad, Oversized
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 6448.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: 152x80
  • Number Of Units Total: 8
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1960
  • Year Built Source: Unable to Verify Actual Age
Utilities
  • Number Of Electric Meters: 9
  • Number Of Gas Meters: 5
  • Numberof Water Meters: 1
  • Water Sewer Expense: $2,300
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 2100
  • Roof: Shingle
  • Construction Materials: Aluminum Siding, Wood Siding
Interior Features
  • Basement: Daylight, Partial
  • Cooling: Zoned
  • Heating: Baseboard, Electric, Forced Air, Natural Gas, Window Unit(s)
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: None
  • Number Of Central Air Units: 3
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 8
  • Number Of Ranges: 8
  • Numberof Refrigerators: 8
  • Number Of Washers: 0
  • Number Of Water Heaters: 6
  • Number Of Window Units: 12
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $1,100
  • Gross Income: $76,800
  • Gross Scheduled Income: $76,800
  • Insurance Expense: $3,000
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $54,173
  • Operating Expense: $11,100
  • Advertising Expense: 0
  • Gas Expense: 1368
  • Misc Annual Income: 0
  • Trash Expense: $1,232
Unit 1
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 3
  • Number Uncovered: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 3
  • Number Uncovered: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 3
  • Number Uncovered: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 3
  • Number Uncovered: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: Electricity

Property History for 430 Keys Avenue

DateEvent & SourcePriceAppreciation
Feb 9, 2026

Sold

RMLS ALLIANCE #CA1039538

$390,000
Feb 4, 2026

Sold (Public Record)

Public Record #1929378237

$390,000
Feb 4, 2026

Sold (Public Record)

Public Record #1939916427

$390,000

+5.6% / yr

DateEvent & SourcePrice
02/09/2026

Sold

RMLS ALLIANCE #CA1039538

$390,000
02/04/2026

Sold (Public Record)

Public Record #1929378237

$390,000
02/04/2026

Sold (Public Record)

Public Record #1939916427

$390,000

+5.6% / yr

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

Public Records for 430 Keys Avenue

Taxable ValueLand$7,137Additions$140,010Total$147,147
Tax Record2025$11,914 ($993 / month)
Home Facts
Lot Size12,159 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-22.0-308-016

Schools near 430 Keys 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
Mcclernand Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Lanphier 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 Real Broker, LLC

Based on information submitted to the MLS GRID as of 02/26/2026 02:01 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.