Sold
Last Sold Price
5,616 sqft$62/sqft
625 New St, Springfield, IL 62704
Multi FamilyProperty Type
8,100 sq ftLot Size
1970Year Built
$62/sq ftPrice per sq ft

Description

Attention Investors! Six unit apartment building situated in the heart of Historic Vinegar Hill Neighborhood, walking distance to the Illinois State Capitol Building, Springfield High School and a stone's throw to Washington Park and all downtown Springfield amenities - restaurants, shopping, State office buildings and hospitals. All units are currently occupied with excellent rental history. Includes four 2 bedroom units and two 1 bedroom units. Owner pays for water ($192/mo avg) trash ($45/mo)...Attention Investors! Six unit apartment building situated in the heart of Historic Vinegar Hill Neighborhood, walking distance to the Illinois State Capitol Building, Springfield High School and a stone's throw to Washington Park and all downtown Springfield amenities - restaurants, shopping, State office buildings and hospitals. All units are currently occupied with excellent rental history. Includes four 2 bedroom units and two 1 bedroom units. Owner pays for water ($192/mo avg) trash ($45/mo) and gas for a shared dryer. Bundle option available with two additional properties located at 1001 S. 1st Street and 916 S. 8th Street. Showings are available to pre-approved buyers with 24 hour notice, Monday-Friday.
  • Listed by: Crystal Germeraad 217.685.9575 crystalgermeraadrealtor@gmail.com • RE/MAX Professionals
Listing closed: 06/20/2023 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1021964

Recent comparable sales

Median sold price

$363,000

Avg days on market

22

Sale-to-list ratio

103.4%

Springfield, IL

9 comparable properties found

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1

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Acres
$385,000 | 102 West Scarritt Street, Springfield, IL 62704
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$300,000 | 1501 South 5th Street, Springfield, IL 62703
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Square Feet
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$440,000 | 1425 South MacArthur Boulevard, Springfield, IL 62704
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Unavailable
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Square Feet
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Acres
$330,000 | 206 South Walnut Street, Springfield, IL 62704
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Unavailable
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Square Feet
0.14
Acres
$360,000 | 629 West Washington Street, Springfield, IL 62702
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Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of RE/MAX Professionals

Sold By The Real Estate Group, Inc.

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Payment Calculator

$2,301 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,779

Property Taxes

$522

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 625 New Street

Property Details
  • Taxes: $6,267 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 0.0
  • Subdivision Name: None
Building Information
  • Residences: 6
  • Year Built: 1970
  • Lot Size: 0.19 AC / 8,100 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: New Street between Lawrence and Edwards
  • Latitude: 39.795388
  • Longitude: -89.661862
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-33.0-253-033
  • Tax Annual Amount: $6,267
  • Tax Legal Description: See Tax Records
  • Tax Year: 2022
School Information
  • Elementary School: Graham
  • High School: Springfield
  • Middle Or Junior School: Franklin
Parking
  • Parking Features: Assigned, Guest Parking, On Street, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 5616.0
  • Lot Features: Level
  • Lot Size Dimensions: 40 x 202.50
  • Number Of Units Total: 6
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: None Available
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1970
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 6
  • Number Of Gas Meters: 6
  • Numberof Water Meters: 6
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: None
  • Heating: Forced Air, Gas, Central Air, Gas Water Heater
  • Interior Features: Cable Available
  • Laundry Features: Common Area
  • Number Of Central Air Units: 6
  • Number Of Dishwashers: 6
  • Number Of Heating Units: 6
  • Number Of Ranges: 6
  • Numberof Refrigerators: 6
  • Number Of Water Heaters: 6
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $47,760
  • Gross Scheduled Income: $47,760
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $41,493
  • Operating Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • 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: 2
  • 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: 2
  • 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: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Lease Term: One Year or Less

Property History for 625 New Street

DateEvent & SourcePriceAppreciation
Jun 20, 2023

Sold (Public Record)

Public Record #1514169105

$350,000
Jun 20, 2023

Sold

RMLS ALLIANCE #CA1021964

$350,000
May 20, 2023

Pending

RMLS ALLIANCE #CA1021964

DateEvent & SourcePrice
06/20/2023

Sold (Public Record)

Public Record #1514169105

$350,000
06/20/2023

Sold

RMLS ALLIANCE #CA1021964

$350,000
05/20/2023

Pending

RMLS ALLIANCE #CA1021964

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

Public Records for 625 New Street

Taxable ValueLand$11,764Additions$127,908Total$139,672
Tax Record2025$11,308 ($942 / month)
Home Facts
Lot Size8,782 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-33.0-253-033

Schools near 625 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 625 New Street, Springfield, IL 62704
$350,000
5,616
8,100
8,784
$55,000
9,569
$99,000
3
2,400
0
$95,000
4
3,225

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 RE/MAX Professionals

Based on information submitted to the MLS GRID as of 06/21/2023 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.