Last Sold Price
7,200 sqft$43/sqft
Outer Park, Springfield, IL 62704

Description

Fantastic Opportunity to own (2) VERY Attractive 4-plex's that sit on the NW corner of Outer Park & 1st St. There's CARPORT parking for (8). Both buildings have full basements w/laundry hook ups & storage stalls for each unit. Unit's are approx 900sf w/2bed, 1 Bth, Liv Rm & Eat-in kit. Elec/Gas expenses are for common area & laundry. Coin laundry has been $600-800/yr (currently $0, but about to be implemented again). GOI projected @ $650/unit (although current avg is $652) & Additional Annual# represents...Fantastic Opportunity to own (2) VERY Attractive 4-plex's that sit on the NW corner of Outer Park & 1st St. There's CARPORT parking for (8). Both buildings have full basements w/laundry hook ups & storage stalls for each unit. Unit's are approx 900sf w/2bed, 1 Bth, Liv Rm & Eat-in kit. Elec/Gas expenses are for common area & laundry. Coin laundry has been $600-800/yr (currently $0, but about to be implemented again). GOI projected @ $650/unit (although current avg is $652) & Additional Annual# represents 10% vacancy. New roofs in 2006, newer electric & some new mechanical's. As Is Insp Welcome
LISTING CLOSED: 12/21/2016 12:00 AM

  1. Listed by Michael Buscher • The Real Estate Group Inc.
    P: (217) 787-7000 C: (217) 553-5958 mbuscher@thegroup.com

Property Details for Outer Park

Status
MLS #
CA165812
Days on Market
44
Taxes
$4,502 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Residential Income
Year Built
1960
Lot Size
0.37 AC / 16,033 SF
Parking Total
8.0

Recent comparable sales

Median sold price

$350,000

Avg days on market

27

Sale-to-list ratio

98.9%

Springfield, IL

9 comparable properties found

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1

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Bedrooms
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Bathrooms
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Square Feet
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Acres
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Acres
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Acres
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Square Feet
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Acres
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Bedrooms
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Square Feet
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Acres
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Sold 06/29/26

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Square Feet
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Acres
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Bedrooms
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Bathrooms
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Square Feet
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Acres
$280,000 | 80 Celeste Court, Springfield, IL 62703
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Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of The Real Estate Group Inc.

Sold By Snelling-Chevalier Real Estate

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Building Information for Outer Park

Stories-Residences8Year Built1960Building Size-Lot Size0.37 AC / 16,033 SF

Payment Calculator

$1,953 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,578

Property Taxes

$375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for Outer Park

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Sits on the Northwest corner of Outer Park Dr. and S. 1st St.
  • Latitude: 39.775471
  • Longitude: -89.654259
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
  • Zoning: R2
Taxes and HOA Information
  • Parcel Number: 22040408024
  • Tax Annual Amount: $4,502
  • Tax Legal Description: CHAS S WANLESS S 1ST ST SUB W 70' S 20' L13 & W70' L14
  • Tax Year: 2015
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Assigned, Carport
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 7200.0
  • Lot Size Dimensions: 150 x 106.89
  • Number Of Units Total: 8
Property and Assessments
  • Year Built: 1960
Utilities
  • Water Sewer Expense: $2,790
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 1500
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Basement: Concrete, Full, Poured
  • Heating: Forced Air, Gas, Central
  • Laundry Features: Common Area
  • Number Of Central Air Units: 8
  • Number Of Dishwashers: 2
  • Number Of Ranges: 8
  • Numberof Refrigerators: 7
  • Unit Entry Level: ***
Multi Family
Income & Expenses
  • Electric Expense: $330
  • Gross Income: $62,400
  • Insurance Expense: $3,017
  • Maintenance Expense: $3,200
  • Manager Expense: $0
  • Net Operating Income: $38,091
  • Operating Expense: $24,309
  • Gas Expense: 1890
  • Trash Expense: $840
Unit 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Type: Unit 4

Property History for Outer Park

DateEvent & SourcePriceAppreciation
Dec 21, 2016

Sold

RMLS ALLIANCE #CA165812

$310,500
Oct 27, 2016

Pending

RMLS ALLIANCE #CA165812

Sep 13, 2016

Listed (Active)

RMLS ALLIANCE #CA165812

$319,000
DateEvent & SourcePrice
12/21/2016

Sold

RMLS ALLIANCE #CA165812

$310,500
10/27/2016

Pending

RMLS ALLIANCE #CA165812

09/13/2016

Listed (Active)

RMLS ALLIANCE #CA165812

$319,000

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

Schools near Outer Park

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
Black Hawk Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Springfield Southeast 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: Outer Park, Springfield, IL 62704
$310,500
7,200
16,033
$73,000
3
1,148
5,250
$47,500
5,028
$890,000
15,360
19,500
$58,000
3
1,026
5,250
$190,500
8,565

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 10/05/2022 10:44 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.