Last Sold Price
7,688 sqft$62/sqft
912 S 5th St, Springfield, IL 62703

Description

Discover a prime investment opportunity with this charming collection of eight townhouse-style units, constructed in 1930 and meticulously maintained to meet contemporary standards. Situated adjacent to the Springfield Clinic, this property benefits from a desirable location that promises consistent tenant interest. The current owner has invested thoughtfully in extensive upgrades to enhance tenant comfort and property value. Units feature brand-new exterior doors and windows that not only improve...Discover a prime investment opportunity with this charming collection of eight townhouse-style units, constructed in 1930 and meticulously maintained to meet contemporary standards. Situated adjacent to the Springfield Clinic, this property benefits from a desirable location that promises consistent tenant interest. The current owner has invested thoughtfully in extensive upgrades to enhance tenant comfort and property value. Units feature brand-new exterior doors and windows that not only improve aesthetics but also increase energy efficiency. The addition of high-grade insulation, state-of-the-art hybrid water heater, and seven new mini-split heating and cooling systems ensure year-round comfort at a lower energy cost. High-efficiency wall-mounted heaters have been installed, alongside updated appliances, adding to the modern conveniences of each home. A newly installed laundry room with coin-operated machines offers additional revenue potential and convenience for residents. The meticulous attention to detail in maintaining and upgrading each aspect of the property makes it an exceptional choice for investors seeking a turnkey solution in a high-demand area. Please note that the current owner has opted to keep rents below market value due to long-standing relationships with tenants, presenting a significant upside potential for rent increases post-acquisition. Capitalize on the low turnover rate and high demand in this location.
LISTING CLOSED: 05/24/2024 12:00 AM

  1. Listed by Greg Zessin • Springfield Real Estate, LLC
    P: (217)-414-0373 C: (217)-414-0373 greg@mynexthome.net

Property Details for 912 South 5th Street

Status
MLS #
CA1028532
Days on Market
2
Taxes
$7,334 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Residential Income
Year Built
1930
Lot Size
0.23 AC / 9,920 SF
Parking Total
8.0
Subdivision Name
None

Location

Listing Courtesy of Springfield Real Estate, LLC

Sold By The Real Estate Group, Inc.

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Building Information for 912 South 5th Street

Stories-Residences8Year Built1930Building Size-Lot Size0.23 AC / 9,920 SF

Payment Calculator

$3,033 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,422

Property Taxes

$611

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 912 South 5th Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Head South on 5th St, on left after Lawrence
  • Latitude: 39.791881
  • Longitude: -89.6492
  • MLSArea Minor: Springfield
  • Postal Code: 62703
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 14350312003, 14340312002
  • Parcel Number: 14340312004
  • Tax Annual Amount: $7,334
  • Tax Legal Description: L 4 B 9 W.H. ALLENS ADDN S 20' L 3 B 9 W.H. ALLENS ADDN N 20' L 3 B 9 W.H. ALLENS ADDN
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Alley Access
Property
Lot Information
  • Structure Type: Two or More Story, Apartment Building, Other
  • Building Area Total: 7688.0
  • Lot Features: Level
  • Lot Size Dimensions: 80x124
  • Number Of Units Total: 8
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1930
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 9
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 1
  • Water Sewer Expense: $350
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 1360
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: Crawl Space, Partial, Unfinished
  • Heating: Heating Systems - 2+, Baseboard, Electric, Electric Water Heater, Wall Unit(s), Window Unit(s)
  • Laundry Features: Common Area, Owned Equipment
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 1
  • Number Of Heating Units: 8
  • Number Of Ranges: 8
  • Numberof Refrigerators: 8
  • Number Of Washers: 1
  • Number Of Water Heaters: 2
  • Number Of Window Units: 8
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $150
  • Gross Income: $58,100
  • Gross Scheduled Income: $56,660
  • Insurance Expense: $5,400
  • Maintenance Expense: $1,200
  • Manager Expense: $4,931
  • Net Operating Income: $35,215
  • Operating Expense: $15,551
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 1440
  • Trash Expense: $2,160
Unit 1
  • 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 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
Unit 3
  • 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 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: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: Electricity

Property History for 912 South 5th Street

DateEvent & SourcePriceAppreciation
May 24, 2024

Sold

RMLS ALLIANCE #CA1028532

$476,500
Apr 18, 2024

Pending

RMLS ALLIANCE #CA1028532

Apr 16, 2024

Listed (Active)

RMLS ALLIANCE #CA1028532

$490,000
DateEvent & SourcePrice
05/24/2024

Sold

RMLS ALLIANCE #CA1028532

$476,500
04/18/2024

Pending

RMLS ALLIANCE #CA1028532

04/16/2024

Listed (Active)

RMLS ALLIANCE #CA1028532

$490,000

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

Public Records for 912 South 5th Street

Taxable ValueLand$10,885Additions$91,297Total$102,182
Tax Record2025$8,273 ($689 / month)
Home Facts
Lot Size4,919 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-34.0-312-004

Schools near 912 South 5th 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 912 South 5th Street, Springfield, IL 62703
$476,500
7,688
9,920
9,723
3,722
$310,000
15,744
4,941
$340,000
9,168

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 Springfield Real Estate, LLC

Based on information submitted to the MLS GRID as of 06/03/2024 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.