Sold
Last Sold Price
2,415 sqft$68/sqft
826 S Walnut St, Springfield, IL 62704
Multi FamilyProperty Type
5,000 sq ftLot Size
1905Year Built
$68/sq ftPrice per sq ft

Description

Fully occupied 4-unit property on large corner lot in prime central location with each individual utility meters & private entries for each. All 4 units are 1-BR 1-BA layouts. The building has undergone practical updates including new outlets, switches, light fixtures, exterior door hardware plus fresh paint & patching throughout. Two kitchens have new countertops and all bathrooms have updated plumbing. Tenants pay their own utilities & have private in-unit laundry hookups which were all recently...Fully occupied 4-unit property on large corner lot in prime central location with each individual utility meters & private entries for each. All 4 units are 1-BR 1-BA layouts. The building has undergone practical updates including new outlets, switches, light fixtures, exterior door hardware plus fresh paint & patching throughout. Two kitchens have new countertops and all bathrooms have updated plumbing. Tenants pay their own utilities & have private in-unit laundry hookups which were all recently added. Obvious exterior upkeep, off-street parking in back & shared green space add convenience & tenant appeal. Zoned appropriately and positioned near downtown with strong rental history, this turn-key investment checks all the right boxes for steady cash flow with little to no startup efforts & costs.
  • Listed by: Kyle Killebrew 217.741.4040 kyle@kylesells.com • The Real Estate Group, Inc.
Listing closed: 10/10/2025 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1039269

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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$1,150 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$311

HOA Dues

$0

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Property Information for 826 South Walnut Street

Property Details
  • Taxes: $3,735 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 3.0
  • Subdivision Name: None
Building Information
  • Residences: 4
  • Year Built: 1905
  • Lot Size: 0.11 AC / 5,000 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Corner of South Walnut and Chenery
  • Latitude: 39.793245
  • Longitude: -89.662997
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
  • Zoning: R-2 w/Variance
Taxes and HOA Information
  • Parcel Number: 14330403001
  • Tax Annual Amount: $3,735
  • Tax Legal Description: N 40' L 7 & N 40' W 25' L8 B 2 MRS ULRICHS ADDN
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Quadruplex
  • Building Area Total: 2415.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 125 x 40
  • Number Of Units Total: 4
  • 100 Year Plain: Unknown
Property and Assessments
  • Development Status: Completed
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1905
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 5
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 5
  • Water Sewer Expense: $372
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 0
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full
  • Heating: Baseboard, Radiant, Window Unit(s)
  • Interior Features: Cable Available, High Speed Internet
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 1
  • 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: $97
  • Gross Income: $24,899
  • Gross Scheduled Income: $24,549
  • Insurance Expense: $0
  • Maintenance Expense: $4,946
  • Manager Expense: $0
  • Net Operating Income: $14,336
  • Operating Expense: $6,828
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 350
  • Trash Expense: $1,413
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: 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
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: All Utilities

Property History for 826 South Walnut Street

DateEvent & SourcePriceAppreciation
Oct 10, 2025

Sold

MRED #1039269

$165,000—
Oct 10, 2025

Sold

RMLS ALLIANCE #CA1039269

$165,000—
Oct 6, 2025

Sold (Public Record)

Public Record #1917302760

$165,000—
DateEvent & SourcePrice
10/10/2025

Sold

MRED #1039269

$165,000
10/10/2025

Sold

RMLS ALLIANCE #CA1039269

$165,000
10/06/2025

Sold (Public Record)

Public Record #1917302760

$165,000

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

Public Records for 826 South Walnut Street

Taxable ValueLand$7,950Additions$39,725Total$47,675
Tax Record2025$3,860 ($322 / month)
Home Facts
Beds0Lot Size5,006 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-33.0-403-001

Schools near 826 South Walnut 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 - 9 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

Springfield Learning Academy
Public9 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 10/10/2025 11:16 AM. 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.