Investors

Seize the opportunity with this portfolio of four lucrative single-family homes! Each property boasts excellent rental potential, with two already occupied units, ready for a rent increase to align with current market rates. The first property offers a freshly updated 1BR and 1BA layout, easily convertible to 2BR, featuring a full basement, main level laundry hookups, off-street parking and a charming backyard with shed and covered patio.

The second and third properties, both 2BR/1BA, feature off-street parking, open backyards with sheds and are either soon-to-be-vacant or currently rented below market value. Lastly, the fourth property presents a 2BR/1BA layout wth a huge fenced yard and a detached 2-car garage, currently rented at a rate significantly below its income potential. Don't miss out on this rare opportunity to capitalize on under-rented units within a convenient block radius!

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on this property
in Springfield, IL
Presented by Kyle Killebrew at
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Property MLS #CA1028660 from RMLSAlliance

+ Reveal additional info including schools and tax history

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+ Interior Features

Cable Available

+ Appliances

Laundry Features: Private

+ Other Rooms

Basement Features: Unfinished

+ Bathrooms

Full Bathrooms: 4

+ Heating and Cooling

Heating Features: Forced Air, Central Air

+ Land Info

Additional Parcels Description: 14-25.0-357-026 14-25.0-353-057 14-25.0-353-009
Lot Description: Level
Lot Size Dimensions: 40 X 120 / 50 X 120

+ Exterior and Lot Features

Road Surface Type: Paved

+ Garage and Parking

Parking Features: Detached
Parking Total: 10

+ Multi-Unit Info

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 2 Total Actual Rent: 675
Unit 3 Total Actual Rent: 675

+ School Information

High School: Springfield District #186
+ Display Complete School Details

Washington Middle School is a public middle school located approximately 0.7 miles away.
Map directions

Feitshans Elementary School is a public elementary school located approximately 1.6 miles away.
Map directions

Lanphier High School is a public high school located approximately 1.7 miles away.
Map directions

St Patrick Catholic School is a private elementary school located approximately 1.6 miles away.
Map directions

+ Rental Info

Lease Term: Variable
Tenant Pays: All Utilities

+ Other Property Info

Annual Tax Amount: 4264
Source Listing Status: Active
County: Sangamon
Directions: CLEARLAKE TO NORTH ON DANIEL (1 MORE BLOCK TO NORTH ON STEPHENS)
Tax Year: 2022
Source Property Type: Residential Income
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 4
Parcel Number: 14-25.0-357-027
Zoning: RESIDENTIAL
Property Subtype: Residential Income
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-20
$260,000
RMLSAlliance

+ Commercial Info

Net Operating Income: -4264

+ Building and Construction

Year Built: 1930
Building Area Total: 3000
Construction Materials: Aluminum Siding, Vinyl Siding
Foundation Details: Block, Brick
Property Age: 94
Roof: Shingle
Year Built Source: Unable to Verify Actual Age

+ Utilities

Water Source: Public Sewer, Public