545 S Lincoln Ave

—
Baths
2,268 Sq. Ft.
$66 / Sq. Ft.
2,268
Sq. Ft.
$66
per Sq. Ft.

Description

Solid income producing 4 plex, close to Washington Park and Downtown. There is plenty of room to pave a parking lot in the rear of the building. Owner pays utilities. Monthly rental income is $2,950, with monthly expenses of $1,015, or annual income of $34,500 with annual expenses of 12,180. Priced at a 14.01 capitalization rate.Solid income producing 4 plex, close to Washington Park and Downtown. There is plenty of room to pave a parking lot in the rear of the building. Owner pays utilities. Monthly rental income is $2,950, with monthly expenses of $1,015, or annual income of $34,500 with annual expenses of 12,180. Priced at a 14.01 capitalization rate.
  1. Listed by Jay Clark • The Real Estate Group, Inc.

Property Details for 545 South Lincoln Avenue

Parking Total
2.0
Subdivision Name
None
LISTING UPDATED: 09/19/2025 03:01 PM

Property Details for 545 South Lincoln Avenue

StatusActive
MLS #CA1039242
Days on Market126
Taxes$4,479 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1900
Lot Size0.11 AC / 4,935 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute

Building Information for 545 South Lincoln Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,935 SF

Payment Calculator

$1,104 per month

30 year fixed, 6.15% Interest

Principal and Interest

$731

Property Taxes

$373

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 545 South Lincoln Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: just north of Edwards on Lincoln
  • Latitude: 39.796412
  • Longitude: -89.673152
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
  • Zoning: R-2
Taxes and HOA Information
  • Parcel Number: 14320277041
  • Tax Annual Amount: $4,479
  • Tax Legal Description: L 1 S.J. WORKMANS SUB S1/2 L 9 &S1/2 E 80' L8 B1 BAKER & SMITH N1/2 E NE 32-16-5
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Conversion
  • Building Area Total: 2268.0
  • Lot Features: Level
  • Lot Size Dimensions: 47X105
  • Number Of Units Total: 4
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Masonite, Wood Siding
Interior Features
  • Basement: Partial
  • Heating: Heating Systems - 2+
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 2
  • Number Of Water Heaters: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $3,600
  • Gross Income: $35,400
  • Gross Scheduled Income: $35,400
  • Insurance Expense: $1,440
  • Maintenance Expense: $1,440
  • Manager Expense: $2,124
  • Net Operating Income: $20,517
  • Operating Expense: $10,404
  • Advertising Expense: 0
  • Gas Expense: 1200
  • Misc Annual Income: 0
  • Trash Expense: $600
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • 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: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4

Property History for 545 South Lincoln Avenue

DateEvent & SourcePriceAppreciation
Dec 17, 2025

Temporarily Off Market

MRED #1039242

—
Sep 16, 2025

Listed (Active)

MRED #1039242

$150,000—
Sep 16, 2025

Listed (Active)

RMLS ALLIANCE #CA1039242

$150,000—
Sep 30, 2024

Expired

MRED #1027680

$159,999—
Sep 30, 2024

Expired

RMLS ALLIANCE #CA1027680

$159,999—
Apr 10, 2024

Temporarily Off Market

RMLS ALLIANCE #CA1027680

$159,999—
Mar 4, 2024

Price Change

RMLS ALLIANCE #CA1027680

$165,000—
Mar 4, 2024

Price Change

RMLS ALLIANCE #CA1027680

$159,999—
Mar 4, 2024

Listed (Active)

RMLS ALLIANCE #CA1027680

$180,000—
Mar 4, 2024

Listed (Active)

MRED #1027680

$180,000—
Sep 1, 2023

Sold

RMLS ALLIANCE #CA1023430

$147,500—
Aug 8, 2023

Sold (Public Record)

Public Record #1518531878

$147,500

+568.7% / yr

Jul 18, 2023

Pending

RMLS ALLIANCE #CA1023430

—
Jul 14, 2023

Listed (Active)

RMLS ALLIANCE #CA1023430

$140,000—
Mar 31, 2023

Sold (Public Record)

Public Record #1509007845

$75,000—
DateEvent & SourcePrice
12/17/2025

Temporarily Off Market

MRED #1039242

—
09/16/2025

Listed (Active)

MRED #1039242

$150,000
09/16/2025

Listed (Active)

RMLS ALLIANCE #CA1039242

$150,000
09/30/2024

Expired

MRED #1027680

$159,999
09/30/2024

Expired

RMLS ALLIANCE #CA1027680

$159,999
04/10/2024

Temporarily Off Market

RMLS ALLIANCE #CA1027680

$159,999
03/04/2024

Price Change

RMLS ALLIANCE #CA1027680

$165,000
03/04/2024

Price Change

RMLS ALLIANCE #CA1027680

$159,999
03/04/2024

Listed (Active)

RMLS ALLIANCE #CA1027680

$180,000
03/04/2024

Listed (Active)

MRED #1027680

$180,000
09/01/2023

Sold

RMLS ALLIANCE #CA1023430

$147,500
08/08/2023

Sold (Public Record)

Public Record #1518531878

$147,500

+568.7% / yr

07/18/2023

Pending

RMLS ALLIANCE #CA1023430

—
07/14/2023

Listed (Active)

RMLS ALLIANCE #CA1023430

$140,000
03/31/2023

Sold (Public Record)

Public Record #1509007845

$75,000

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

Public Records for 545 South Lincoln Avenue

Taxable ValueLand$4,270Additions$49,054Total$53,324
Tax Record2024$4,479 ($373 / month)
Home Facts
Beds0Lot Size4,893 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-32.0-277-041

Schools near 545 South Lincoln 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
Dubois 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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545 South Lincoln Avenue is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on September 16, 2025 by The Real Estate Group, Inc., it's currently listed at $150,000. It has been on the market for a total of 126 days and was last sold on September 1, 2023. This listing's school district is Springfield School District 186. Nearby schools include Dubois Elementary School, U S Grant Middle School and Springfield High School. 545 South Lincoln Avenue is a 0-bed, 0-bath, 2,268 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/21/2026 05:54 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.