520 E South Grand Avenue

Springfield, IL 62704

$825,000
Price
—
Beds
7,692 Sq. Ft.
$107 / Sq. Ft.
7,692
Sq. Ft.
$107
per Sq. Ft.

Description

There are 12 one bedroom apartments in this building. A full basement with laundry facility. All units are nicely furnished. This property is in GREAT shape! The sellers expenses are as follows. 450.00 per month to CWLP. 450.00 per month to Ameren. 100.00 a month for trash service. 100.00 for lawn and snow. The units are leased on month to month leases. There are two boilers, and three water heaters. All units have at least one window units and the seller has more than 12 to convey with the sale...There are 12 one bedroom apartments in this building. A full basement with laundry facility. All units are nicely furnished. This property is in GREAT shape! The sellers expenses are as follows. 450.00 per month to CWLP. 450.00 per month to Ameren. 100.00 a month for trash service. 100.00 for lawn and snow. The units are leased on month to month leases. There are two boilers, and three water heaters. All units have at least one window units and the seller has more than 12 to convey with the sale of the property. There is a full basment. The laundry room is located in the basement. The roof was replaced 2 years ago. The expenses stated are estimated. For over ten years the building has been fully occupied with medical, capitol complex, and other state facilities.
  1. Listed by Lori Waggener • The Real Estate Group, Inc. • Pref: 217-341-6787

Property Details for 520 E South Grand Avenue

Parking Total
12.0
Subdivision Name
None

Location

Listing Courtesy of The Real Estate Group, Inc.
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LISTING UPDATED: 05/07/2024 03:01 PM

Property Details for 520 E South Grand Avenue

StatusActive
MLS #CA1027775
Days on Market84
Taxes$10,341 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1931
Lot Size0.17 AC / 7,500 SF
CountySangamon County

Location

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

Building Information for 520 E South Grand Avenue

Stories-Residences12Year Built1931Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$5,364 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,502

Property Taxes

$862

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 520 E South Grand Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: South 6th to South Grand.
  • Latitude: 39.7773505270049
  • Longitude: -89.6834
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 22-03.0-101-009
  • Tax Annual Amount: $10,341
  • Tax Legal Description: W 54' L 1 B 1 E. ILES SUB LANDS #1
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 7692.0
  • Lot Features: Level
  • Lot Size Dimensions: 50 X 150 ESTIMATED
  • Number Of Units Total: 12
  • 100 Year Plain: No
  • Road Surface Type: Curbs & Gutters, Paved
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Brick
  • New Construction: No
  • Year Built: 1931
Utilities
  • Number Of Electric Meters: 12
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $2,000
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Rubber
  • Construction Materials: Brick
Interior Features
  • Basement: Full, Unfinished
  • Heating: Gas Water Heater
  • Interior Features: Cable Available, Furnished, High Speed Internet
  • Laundry Features: Common Area, Owned Equipment
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 2
  • Number Of Heating Units: 2
  • Number Of Ranges: 12
  • Numberof Refrigerators: 12
  • Number Of Washers: 2
  • Number Of Water Heaters: 3
  • Number Of Window Units: 12
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $2,000
  • Gross Income: $133,200
  • Gross Scheduled Income: $132,000
  • Insurance Expense: $6,000
  • Maintenance Expense: $3,000
  • Manager Expense: $0
  • Net Operating Income: $103,659
  • Operating Expense: $19,200
  • Advertising Expense: 0
  • Gas Expense: 5000
  • Misc Annual Income: 1200
  • Trash Expense: $1,200
Unit 1
  • Fireplace YN: N
  • Full Baths: 12
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 12
  • Number Uncovered: 12
  • Unit Type Beds Total: 12
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 0
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: Month To Month

Property History for 520 E South Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 520 E South Grand Avenue

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
Butler 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.

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520 E South Grand Avenue is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on March 9, 2024 by The Real Estate Group, Inc., it's currently listed at $825,000. This listing's school district is Springfield School District 186. Nearby schools include Butler Elementary School, Benjamin Franklin Middle School and Springfield High School. 520 E South Grand Avenue is a 0-bed, 0-bath, 7,692 sqft multi-family home built in 1931.

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.