1125 South Spring Street

Springfield, IL 62704

$224,900
Price
Beds
950 Sq. Ft.
$237 / Sq. Ft.
950
Sq. Ft.
$237
per Sq. Ft.

Description

INVESTMENT OPPORTUNITY: Updated Triplex with Solid Cash Flow! An exceptional investment property located in Springfield, this triplex offers three one-bedroom, one-bathroom units. Each unit has undergone extensive updates from 2023 to 2024, ensuring modern amenities and increases rental appeal. Unit A: Currently rented at $850/month Unit B: Currently rented at $850/month Unit C: Currently rented at $1050/month All tenants are reliable cash tenants, providing a stable income stream. Showings require...INVESTMENT OPPORTUNITY: Updated Triplex with Solid Cash Flow! An exceptional investment property located in Springfield, this triplex offers three one-bedroom, one-bathroom units. Each unit has undergone extensive updates from 2023 to 2024, ensuring modern amenities and increases rental appeal. Unit A: Currently rented at $850/month Unit B: Currently rented at $850/month Unit C: Currently rented at $1050/month All tenants are reliable cash tenants, providing a stable income stream. Showings require 24-hour notice.
  1. Listed by Daniel Nika • The Real Estate Group, Inc. • Pref: 217-971-3383
  2. Listed by Jerry George • The Real Estate Group, Inc.

Property Details for 1125 South Spring Street

Parking Total
6.0
Subdivision Name
None

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute
LISTING UPDATED: 05/26/2024 03:01 PM

Property Details for 1125 South Spring Street

StatusActive
MLS #CA1029308
Days on Market25
Taxes$2,708 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.12 AC / 5,200 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute

Building Information for 1125 South Spring Street

Stories-Residences3Year Built-Building Size-Lot Size0.12 AC / 5,200 SF

Payment Calculator

$1,453 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,227

Property Taxes

$226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1125 South Spring Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: FROM SOUTH GRAND, HEAD NORTH ONTO SPRING, PROPERTY ON LEFT.
  • Latitude: 39.788738
  • Longitude: -89.656402
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-33.0-481-018
  • Tax Annual Amount: $2,708
  • Tax Legal Description: L 2 B 3 John E. Rolls 2nd Addn
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 950.0
  • Lot Features: Level
  • Lot Size Dimensions: 130x40
  • Number Of Units Total: 3
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Unfinished
  • Heating: Gas, Central Air
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 0
  • Number Of Water Heaters: 1
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $2,760
  • Gross Income: $33,000
  • Gross Scheduled Income: $33,000
  • Insurance Expense: $966
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $24,310
  • Operating Expense: $5,982
  • Advertising Expense: 0
  • Gas Expense: 1680
  • Misc Annual Income: 0
  • Trash Expense: $576
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • 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: 2
  • Number Uncovered: 2
  • 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: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3

Property History for 1125 South Spring Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1125 South Spring Street

Taxable ValueLand$3,678Additions$26,952Total$30,630
Tax Record2023$2,708 ($226 / month)
Home Facts
Beds0Lot Size5,209 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-33.0-481-018

Schools near 1125 South Spring 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

Lawrence Education Center
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.

Similar Homes

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1125 South Spring Street is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on May 21, 2024 by The Real Estate Group, Inc., it's currently listed at $224,900. It has been on the market for a total of 25 days and was last sold on December 2, 2022. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, Benjamin Franklin Middle School and Springfield High School. 1125 South Spring Street is a 0-bed, 0-bath, 950 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.