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$139,900   Price Analysis
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713 N 4th St
Springfield, IL 62702
Unknown bed 3 bath 3,348 SqFt ($41/SqFt)
0.32 acre lot. Built 1900
Listed 2024-04-11, Taxes $2,706
Ⓧ USDA Ineligible
due to location

near Springfield

Conveniently located within walking distance to the medical district is where you will find this triplex with fantastic cash flow.

* Sale Pending *

Main floor unit offers 1 bedroom, 1 bath, private laundry and currently rented on a month to month bsis for $900 a month. Unit 2 is located on the 2nd floor and is a 2 bedroom, 1 bath and was previously rented for $900. Unit 3 is also on the 2nd floor and is a efficienc y unit that previously rented for $750.

Unit 2 and 3 share laundry. All these rents are under-rented and could easily bring more income monthly. Electric, gas, water, sewer and lawn maintenance is paid for by seller and runs an average $729 a month. Renter is responsible for trash. Roof and gutters new in 2015, several new windows in 2018. Home was rewired and plumbed in 2006. All units also have updated kitchens.


Presented by Jami Winchester at
The Real Estate Group Inc.
Listing Agent Photo

Property MLS #CA1028443 from RMLSAlliance

Laundry Features: Common Area, Private

Basement Features: Unfinished

Full Bathrooms: 3

Heating Features: Heating Systems - 2+, Forced Air, Window Unit(s)

Lot Description: Level
Lot Size Acres: 0.3168044
Lot Size Dimensions: 60 x 230
Lot Size Square Feet: 13800

Parking Total: 4

Gross Income: 30600
Gross Scheduled Income: 30600
Tenant Pays: Trash Collection

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Unit 1 Total Actual Rent: 900
Unit 2 Total Actual Rent: 900
Unit 3 Total Actual Rent: 750

High School: Springfield District #186

Mcclernand Elementary School is a public elementary school located approximately 0.2 miles away.
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Lanphier High School is a public high school located approximately 0.8 miles away.
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U S Grant Middle School is a public middle school located approximately 1.8 miles away.
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K12 International Academy is a private elementary, middle and high school located approximately 0.5 miles away.
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The Keystone School is a private middle and high school located approximately 0.5 miles away.
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Annual Tax Amount: 2798
Source Listing Status: Pending
County: Sangamon
Directions: Carpenter To 4th Turn N To Home On West Side Of Street
Tax Year: 2022
Source Property Type: Residential Income
Insurance Expense: 1500
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 14270159013
Property Subtype: Residential Income
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$26,977 + $3,089
$30,066
$2,706
2020$27,018 + $3,094
$30,112
$2,652
2019$26,924 + $3,083
$30,007
$2,603
2018$28,380 + $3,069
$31,449
$2,657
2017$28,013 + $3,029
$31,042
$2,602
2016$27,604 + $2,985
$30,589
$2,551
2015$27,274 + $2,949
$30,223
$2,024
2014$27,570 + $2,930
$30,500
$2,030
2013$27,570 + $2,930
$30,500
$1,985
2012$19,758 + $2,929
$22,687
$1,326
2010$19,568 + $2,901
$22,469
$1,256
2009$19,290 + $2,860
$22,150
$1,213
2007$7,026 + $2,745
$9,771
$721
2006$6,942 + $2,712
$9,654
$710
2005$6,394 + $2,559
$8,953
$699

Price Changed 2024-05-15
$139,900
RMLSAlliance
Listed 2024-04-11
$150,000
RMLSAlliance
Sold 2013-04-23
$91,500
Public Record
Sold 2007-10-03
$80,000
Public Record

Net Operating Income: 25573
Operating Expense: 2229

Year Built: 1900
Building Area Total: 3348
Construction Materials: Brick
Foundation Details: Brick
Property Age: 124
Roof: Shingle
Structure Type: Two or More Story, Triplex
Year Built Source: Public Records

Electric Expense: 398
Water Source: Public Sewer, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.