Sold
Last Sold Price
20,000 sqft

811 Reisch St, Springfield, IL 62702

Multi FamilyProperty Type
0.86 acresLot Size
1970Year Built
$96/sq ftPrice per sq ft

Description

This investment consists of 2 parcels, 4 buildings & 39 rentable or occupied apartment units. Addresses are 811 Reisch and 422 W Hay. Located in the heart of Springfield's medical district these units will appeal to med students, transferees, traveling nurses, state employees & more. 811 Reisch offers one 12 unit building and one 8 unit building and 422 W Hay has one 12 unit building and one 7 unit building. Taxes reflected are the combined amount for 2021 for both parcels. Varied Lease Terms.This investment consists of 2 parcels, 4 buildings & 39 rentable or occupied apartment units. Addresses are 811 Reisch and 422 W Hay. Located in the heart of Springfield's medical district these units will appeal to med students, transferees, traveling nurses, state employees & more. 811 Reisch offers one 12 unit building and one 8 unit building and 422 W Hay has one 12 unit building and one 7 unit building. Taxes reflected are the combined amount for 2021 for both parcels. Varied Lease Terms.
  • Listed by: Kyle Killebrew 217.741.4040 kyle@kylesells.com • The Real Estate Group, Inc.
Listing closed: 02/24/2023 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1019714
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Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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Payment Calculator

$12,408 per month

30 year fixed, 7.03% Interest

Principal and Interest

$10,250

Property Taxes

$2,158

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
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Property Information for 811 Reisch Street

Property Details

  • Taxes: $25,899 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 50.0
  • Subdivision Name: None

Building Information

  • Residences: 39
  • Year Built: 1970
  • Lot Size: 0.86 AC / 37,461 SF

Summary

Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Located at the corner of Reisch and Hay
  • Latitude: 39.810876
  • Longitude: -89.659425
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 14-28.0-254-023
  • Parcel Number: 14-28.0-254-022
  • Tax Annual Amount: $25,899
  • Tax Legal Description: L 1 & 2 & 3 J R Tysons Add/The N 123.3' Of Lot 8, Lot 7 Ex The S 45' Of The W8' & Lot 6 Of J R Tyson
  • Tax Year: 2021
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other

Property

Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 20000.0
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.86
  • Lot Size Dimensions: Multiple Parcels
  • Number Of Units Total: 39
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Other
  • Foundation Details: Block, Concrete
  • New Construction: No
  • Year Built: 1970
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 0
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 0
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public

Interior and Exterior Features

Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick Partial, Other, Vinyl Siding, Wood Siding
Interior Features
  • Basement: None
  • Heating: Forced Air, Central
  • Number Of Central Air Units: 39
  • Number Of Heating Units: 39
  • Number Of Ranges: 39
  • Numberof Refrigerators: 39
  • Number Of Water Heaters: 39
  • Operating Recording Device: None

Multi Family

Income & Expenses
  • Electric Expense: $0
  • Gross Income: $29,250
  • Gross Scheduled Income: $29,250
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $3,351
  • 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: 1
  • 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: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2

Rental

Rent Information
  • Lease Term: Variable
  • Tenant Pays: Other
  • Annual Vacancy Factor: 0

Property History for 811 Reisch Street

DateEvent & SourcePriceAppreciation
Feb 24, 2023

Sold (Public Record)

Public Record #1507302294

$1,025,000

+41.8% / yr

Feb 24, 2023

Sold

RMLS ALLIANCE #CA1019714

$1,920,000—
Dec 20, 2022

Pending

RMLS ALLIANCE #CA1019714

—
DateEvent & SourcePrice
02/24/2023

Sold (Public Record)

Public Record #1507302294

$1,025,000

+41.8% / yr

02/24/2023

Sold

RMLS ALLIANCE #CA1019714

$1,920,000
12/20/2022

Pending

RMLS ALLIANCE #CA1019714

—

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

Public records

811 Reisch Street

Lot Size

20,348 SqFt

Style

Miscellaneous Commercial

County

SANGAMON

APN

14-28.0-254-022

Schools near 811 Reisch 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
Enos Elementary School
PublicK to 5

U S Grant 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 02/25/2023 02:01 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.