716 E Black Ave

—
Baths
2,760 Sq. Ft.
$36 / Sq. Ft.
2,760
Sq. Ft.
$36
per Sq. Ft.

Description

This 4 unit property offers a lot of potential for an investor. Each unit has 1 bedroom and 1 full bathroom. Each unit also has a range/oven and refrigerator. 3/4 units are currently rented and the 4th should be soon. Tenants pay their own electric bill and the owner currently pays water/sewer bill from CWLP. The property is ran by a property management company that charges 10% of total rent. They have ran this property for many years and would continue to do so if the new owner would like. For additional...This 4 unit property offers a lot of potential for an investor. Each unit has 1 bedroom and 1 full bathroom. Each unit also has a range/oven and refrigerator. 3/4 units are currently rented and the 4th should be soon. Tenants pay their own electric bill and the owner currently pays water/sewer bill from CWLP. The property is ran by a property management company that charges 10% of total rent. They have ran this property for many years and would continue to do so if the new owner would like. For additional information please contact Anthony Buscher.
  1. Listed by Krystal K Buscher • The Real Estate Group, Inc.
    P: (217)-553-9280 C: (217)-553-9280 krystal@thegroup.com

Property Details for 716 East Black Avenue

Parking Total
4.0
Subdivision Name
None
LISTING CLOSED: 05/20/2025 12:00 AM

Property Details for 716 East Black Avenue

StatusSold
MLS #CA1034896
Days on Market14
Taxes$1,775 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1900
Lot Size0.21 AC / 9,009 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By Keller Williams Capital

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Building Information for 716 East Black Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.21 AC / 9,009 SF

Payment Calculator

$646 per month

30 year fixed, 6.36% Interest

Principal and Interest

$498

Property Taxes

$148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 716 East Black Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Take N Ninth St. to E Black Ave. and turn east on to E Black Ave. Property is on the left.
  • Latitude: 39.822018
  • Longitude: -89.645381
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-22.0-331-006
  • Tax Annual Amount: $1,775
  • Tax Legal Description: W 66.33' N 32' E186.33' L2 & W66.33' E 186.33' L 1 EASTMANS BLACK & KEYS SUB PT E1/2 SW 22-16-5
  • Tax Year: 2023
School Information
  • High School: Lanphier High School
Parking
  • Parking Features: On Street
Property
Lot Information
  • Structure Type: Conversion
  • Building Area Total: 2760.0
  • Lot Features: Level
  • Lot Size Dimensions: 135.83 x 66.33
  • Number Of Units Total: 4
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Brick/Mortar
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Unable to Verify Actual Age
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $3,300
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Aluminum Siding, Wood Siding
Interior Features
  • Basement: Unfinished
  • Heating: Forced Air, Window Unit(s)
  • Laundry Features: None
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 4
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Water Heaters: 4
  • Number Of Window Units: 4
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $2,100
  • Insurance Expense: $1,200
  • Maintenance Expense: $125
  • Manager Expense: $2,520
  • Net Operating Income: $-7,456
  • Operating Expense: $7,781
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 2100
  • Trash Expense: $636
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
  • Tenant Pays: Electricity

Property History for 716 East Black Avenue

DateEvent & SourcePriceAppreciation
May 20, 2025

Sold

RMLS ALLIANCE #CA1034896

$100,000—
May 14, 2025

Sold (Public Record)

Public Record #1558961116

$100,000

+5.4% / yr

Apr 10, 2025

Pending

RMLS ALLIANCE #CA1034896

—
DateEvent & SourcePrice
05/20/2025

Sold

RMLS ALLIANCE #CA1034896

$100,000
05/14/2025

Sold (Public Record)

Public Record #1558961116

$100,000

+5.4% / yr

04/10/2025

Pending

RMLS ALLIANCE #CA1034896

—

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

Public Records for 716 East Black Avenue

Taxable ValueLand$451Additions-Total$451
Home Facts
Lot Size1,050 SqFtStyleCommercialCountySANGAMONAPN14-22.0-331-005

Schools near 716 East Black 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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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 05/22/2025 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.