611 West Springfield Avenue

Champaign, IL 61820

$110,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Calling all investors! Here is the opportunity to own a multi-unit investment property on Springfield Avenue, close to downtown Champaign! Unit 1, on the first floor, has three bedrooms and two full baths, and rents for $1000 per month, renter pays their own electricity. The second floor consists of three bedrooms that share a common kitchen and bath, currently rented to long term renters with per room rents averaging $450 per room. The third floor studio in the finished attic has its own bath, but...Calling all investors! Here is the opportunity to own a multi-unit investment property on Springfield Avenue, close to downtown Champaign! Unit 1, on the first floor, has three bedrooms and two full baths, and rents for $1000 per month, renter pays their own electricity. The second floor consists of three bedrooms that share a common kitchen and bath, currently rented to long term renters with per room rents averaging $450 per room. The third floor studio in the finished attic has its own bath, but shares the kitchen on the second floor and has rented for $475. The garden level Unit 6 is a stand-alone one bedroom with egress window, one bath and kitchen apartment, needs renovation and is metered separately for electric. Owner pays natural gas, radiant heat, water and sewer. Priced to sell in AS-IS condition. Be sure to check this one out and add to your portfolio!
  1. Listed by Joe Zalabak • KELLER WILLIAMS-TREC

Sold By Coldwell Banker R.E. Group

Property Details for 611 West Springfield Avenue

Area
Champaign, Savoy
Township
Champaign
Num Of Parking Spaces
5.0
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/01/2023 08:56 AM

Property Details for 611 West Springfield Avenue

StatusClosed
MLS #11358128
Days on Market398
Taxes$4,883 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1908
Lot Size0.18 AC / 7,840 SF
CountyChampaign County

Location

Add your commute

Building Information for 611 West Springfield Avenue

Stories-Residences6Year Built1908Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$1,007 per month

30 year fixed, 7.25% Interest

Principal and Interest

$600

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 611 West Springfield Avenue

General Information
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Grid: 54
  • Heat/Ventilation: Forced Air
  • Num of Baths: 4.0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 60X132
  • Stories: 3
  • Exterior Building Type: Brick
  • Foundation Details: Brick/Mortar
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2022-06-08T15:08:55
  • Photos Count: 19
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $1,200.00
  • Gross Income: $39,960.00
  • Gross Scheduled Income: $39,960.00
  • Insurance Expense: $1,000.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 3330
  • Water Expense Source: Owner Projection
  • Net Operating Income: $30,904.00
  • Operating Expense: $4,250.00
  • Other Expense: $.00
  • Trash Expense: $150.00
  • Water Sewer Expense: $1,900.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 3
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 611 West Springfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 611 West Springfield Avenue

Taxable ValueLand$13,500Additions$39,710Total$53,210
Tax Record2022$4,893 ($408 / month)
Home Facts
Total Finished SqFt1,368 SqFtAbove Grade Finished SqFt1,368 SqFtStories2StyleMulti-Family Dwelling (2-4)Year Built1908CountyCHAMPAIGNAPN432013126006

Schools near 611 West Springfield Avenue

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - K to 5
Public - K to 5
Rating
School
Distance
Actions Program
PublicK to 12

Central High School
Public9 to 12

Carrie Busey Elementary School
PublicK to 5

Vernon L Barkstall Elementary School
PublicK to 5

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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Similar Sold Homes

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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 KELLER WILLIAMS-TREC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. 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 Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS 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. Based on information submitted to the MLS GRID as of 05/01/2023 08:56 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.