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Sold on 01/03/2024

1001 S 1st St, Springfield, IL 62704

$325,000

Last sold 01/03/2024 after 245 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1001 S 1st St

Property type Multi-family
Neighborhood
Year built 1976
HOA fee $0/month
Rental estimate
Property description
Attention Investors! Apartment building featuring six units. Enjoy a prime central location close to all amenities in the heart of downtown Springfield - restaurants, shopping, Illinois State Capitol building, State office buildings and hospitals. All units are currently rented. Owner pays for water ($185/mo avg) and trash ($45/mo). Tenants pay for all other utilities. Current rent total is $3865/mo. Bundle option available with an additional 8 unit property located at 916 S. 8th Street. Showings are available to pre-approved buyers with 24 hour notice, Monday-Friday.
Listed by
Listing Agent Contact: Pref: 217-685-9575
Listing Office - RE/MAX Professionals
Source: RMLS Alliance mls logo
MLS#CA1021965 • last updated 2 years ago
Movoto checked RMLS Alliance for data 16 minutes ago
Overview
Heating Gas, Central Air, Gas Water Heater
Levels/Style Apartment Building
MLS # CA1021965
Status Sold
SubType Residential Income
Property Tax 6062.94
Year Built 1976
Interior
Interior Features Cable Available
Exterior
Foundation Slab
Roof Rubber, Shingle
Construction Brick
Parking Assigned, Guest Parking, Oversized, Parking Pad
Lot Features Corner Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-33.0-478-016
Directions Corner Of Scarritt And 1st
Multifamily Details
Total # of Units 6
Net Operating Income 37577
Expense: Water/Sewer 2200
Expense: Operating 2740
Expense: Trash 540
Gross Income 46380
Gross Scheduled Income 46380
Lot/ Land Details
Road Surface Paved
Rental est.: $909/month
Gross rent multiplier: 29.8
  • 1001 S 1st St
    $325K
  • Vinegar Hill
    $125K +2% y/y
  • 62704
    $207K +11% y/y
  • Springfield
    $184K +1% y/y
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Statistics calculated by Movoto

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5/10
Springfield High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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