545 S Lincoln Ave

—
Baths
2,200 Sq. Ft.
$67 / Sq. Ft.
2,200
Sq. Ft.
$67
per Sq. Ft.

Description

Solid Income Producing Property on west of Macarthur! This 4-unit property is fully occupied and currently bringing in $2950 month. The property boasts 4 1 bed 1 bath units. 3 recently updated units and 1 unit that was updated within the last 5 years. Recent major updates include two high efficiency 2 stage Gas furnaces, and a 80 gallon hot water heater. Expenses are prior to updates. Please do not disturb tenants, but feel free to stop by and walk the property exterior Walk throughs can be scheduled...Solid Income Producing Property on west of Macarthur! This 4-unit property is fully occupied and currently bringing in $2950 month. The property boasts 4 1 bed 1 bath units. 3 recently updated units and 1 unit that was updated within the last 5 years. Recent major updates include two high efficiency 2 stage Gas furnaces, and a 80 gallon hot water heater. Expenses are prior to updates. Please do not disturb tenants, but feel free to stop by and walk the property exterior Walk throughs can be scheduled with accepted contingent offers.
  1. Listed by Jay Myers • Keller Williams Capital
    P: (217)-502-9339 C: (217)-502-9339 jay.myers@kw.com

Property Details for 545 South Lincoln Avenue

Parking Total
1.0
Subdivision Name
Springfield
LISTING UPDATED: 09/08/2023 03:01 PM

Property Details for 545 South Lincoln Avenue

StatusSold
MLS #CA1023430
Days on Market4
Taxes$1,776 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1910
Lot Size0.11 AC / 4,830 SF
CountySangamon County

Location

Listing Courtesy of Keller Williams Capital

Sold By The Real Estate Group, Inc.

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Building Information for 545 South Lincoln Avenue

Stories-Residences4Year Built1910Building Size-Lot Size0.11 AC / 4,830 SF

Payment Calculator

$891 per month

30 year fixed, 6.46% Interest

Principal and Interest

$743

Property Taxes

$148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 545 South Lincoln Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Traveling North on south Macarthur turn left onto west on west Edwards, turn Right onto Lincoln ave Property located on left side of the road
  • Latitude: 39.796412
  • Longitude: -89.673152
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-32.0-277-041
  • Tax Annual Amount: $1,776
  • 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: 2022
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Quadruplex
  • Building Area Total: 2200.0
  • Lot Features: Level
  • Lot Size Dimensions: 46x105
  • Number Of Units Total: 4
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1910
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,000
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Full
  • Heating: Gas
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 2
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Washers: 0
  • Number Of Water Heaters: 1
  • Number Of Window Units: 4
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $1,800
  • Gross Income: $35,400
  • Insurance Expense: $2,162
  • Maintenance Expense: $2,000
  • Manager Expense: $2,832
  • Net Operating Income: $22,370
  • Operating Expense: $11,254
  • Advertising Expense: 0
  • Gas Expense: 1200
  • Misc Annual Income: 35400
  • Trash Expense: $260
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
Mar 31, 2026

Expired

RMLS ALLIANCE #CA1039242

$150,000—
Dec 17, 2025

Temporarily Off Market

MRED #1039242

—
Sep 16, 2025

Listed (Active)

MRED #1039242

$150,000—
DateEvent & SourcePrice
03/31/2026

Expired

RMLS ALLIANCE #CA1039242

$150,000
12/17/2025

Temporarily Off Market

MRED #1039242

—
09/16/2025

Listed (Active)

MRED #1039242

$150,000

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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Listing Courtesy of Keller Williams Capital

Based on information submitted to the MLS GRID as of 09/08/2023 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.