—
Baths
3,520 Sq. Ft.
$116 / Sq. Ft.
3,520
Sq. Ft.
$116
per Sq. Ft.

Description

This rare investment opportunity offers both immediate income & significant upside potential. Complex features 7 apartment units in a quiet, convenient setting right in the heart of downtown. There's strong tenant appeal with five of the seven units featuring spacious private balconies and all units offering attractive amenities like large windows (some with stunning views), built-in cabinetry, generous closets & efficient layouts. Tenants enjoy mature landscaping, a convenient, common laundry area...This rare investment opportunity offers both immediate income & significant upside potential. Complex features 7 apartment units in a quiet, convenient setting right in the heart of downtown. There's strong tenant appeal with five of the seven units featuring spacious private balconies and all units offering attractive amenities like large windows (some with stunning views), built-in cabinetry, generous closets & efficient layouts. Tenants enjoy mature landscaping, a convenient, common laundry area and modest yet functional floor plans that promote long-term tenancy. The top floor unit is an expansive 1BR penthouse style suite with a jetted tub, separate shower and a private balcony boasting exceptional views which makes it ideal for a premium long-term tenant or a high-performing vacation unit. In 2024, the sewer line from the building to the city main was fully upgraded with new PVC piping. This central location is ideal for commuters and remote workers alike in a high-demand rental area that's within walking distance to government offices, state agencies and many major medical employers.
  1. Listed by Kyle Killebrew • The Real Estate Group, Inc.
    P: (217)-741-4040 C: (217)-741-4040 kyle@kylesells.com

Property Details for 608 New Street

Parking Total
7.0
Subdivision Name
None
LISTING CLOSED: 05/30/2025 12:00 AM

Property Details for 608 New Street

StatusSold
MLS #CA1035238
Days on Market8
Taxes$5,490 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1937
Lot Size0.17 AC / 7,520 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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Building Information for 608 New Street

Stories-Residences7Year Built1937Building Size-Lot Size0.17 AC / 7,520 SF

Payment Calculator

$2,501 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,043

Property Taxes

$458

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 608 New Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Located On New Street Between Lawrence And Edwards.
  • Latitude: 39.79585
  • Longitude: -89.661316
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14330254002
  • Tax Annual Amount: $5,490
  • Tax Legal Description: Assrs Sub Ne 33 & Pt W1/2 Nw 34-16-5 S 94'W 80' L 31
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Assigned
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 3520.0
  • Lot Features: Level
  • Lot Size Dimensions: 94 x 80
  • Number Of Units Total: 7
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Concrete Perimeter
  • New Construction: No
  • Year Built: 1937
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 7
  • Number Of Gas Meters: 7
  • Numberof Water Meters: 7
  • Water Sewer Expense: $2,100
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 980
  • Roof: Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Full
  • Cooling: Central Air
  • Heating: Forced Air
  • Interior Features: Cable Available
  • Laundry Features: Common Area
  • Number Of Central Air Units: 7
  • Number Of Dishwashers: 7
  • Number Of Dryers: 1
  • Number Of Heating Units: 7
  • Number Of Ranges: 7
  • Numberof Refrigerators: 7
  • Number Of Washers: 1
  • Number Of Water Heaters: 7
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $2,100
  • Gross Income: $780
  • Insurance Expense: $2,629
  • Maintenance Expense: $3,762
  • Manager Expense: $4,320
  • Net Operating Income: $-22,041
  • Operating Expense: $17,331
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 780
  • Trash Expense: $900
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: All Utilities

Property History for 608 New Street

DateEvent & SourcePriceAppreciation
May 30, 2025

Sold (Public Record)

Public Record #1882939964

$410,000

+12.6% / yr

May 30, 2025

Sold

RMLS ALLIANCE #CA1035238

$410,000—
Apr 1, 2025

Price Change

RMLS ALLIANCE #CA1035238

$409,000—
DateEvent & SourcePrice
05/30/2025

Sold (Public Record)

Public Record #1882939964

$410,000

+12.6% / yr

05/30/2025

Sold

RMLS ALLIANCE #CA1035238

$410,000
04/01/2025

Price Change

RMLS ALLIANCE #CA1035238

$409,000

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

Public Records for 608 New Street

Taxable ValueLand$10,383Additions$64,089Total$74,472
Tax Record2025$6,030 ($502 / month)
Home Facts
Lot Size7,589 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-33.0-254-002

Schools near 608 New Street

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
Elizabeth Graham Elementary School
PublicK to 5

Benjamin Franklin 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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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 05/30/2025 12:40 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.