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Sold on 02/23/2024

1007 W Edwards St, Springfield, IL 62704

  • $165,000

    Last sold 02/23/2024 after 32 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1007 W Edwards St

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Rental estimate
Property description
Here's an opportunity to own an 8-unit investment property featuring a mix of residential and commercial spaces that perfectly complement each other in central Springfield and close to Washington Park! The package consists of 2 buildings plus a rented garage/shop space with 4 storefronts and 3 upper story apartments. The apartments consist of 2 studios and one 2 bedroom unit, fully rented. Two of the four storefronts will become available with the sale, ready for you to start your own business here! The anchor tenant has a 20+ year established business. Your tenants will love the convenient location walkable to shops/restaurants and good visibility from MacArthur Blvd. This is a great opportunity to begin or expand your real estate investment portfolio!
Listed by
Listing Agent Contact: Offc: 217-787-7000
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1026907 • last updated 2 years ago
Movoto checked RMLS Alliance for data 3 minutes ago
Overview
Heating Forced Air, Central Air
Levels/Style Two Or More Story, Other
MLS # CA1026907
Status Sold
SubType Residential Income
Property Tax 5685
Year Built 1960
Exterior
Roof Shingle
Construction Brick Partial
Parking On Street, Parking Pad
# of Parking Spaces 7
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision Springfield
High School Springfield District #186
APN 14-33.0-153-032
Directions MacArthur Boulevard To West On Edwards Street. Buildings Are On North Side Of Street.
Multifamily Details
Total # of Units 8
Net Operating Income 16161
Expense: Operating 19868
Expense: Trash 540
Gross Income 41714
Expense: Electricity 8896
Gross Scheduled Income 41714
Lot/ Land Details
Road Surface Paved

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Nearby homes for sale in Springfield, IL

  • Real Estate
  • IL
  • Sangamon County
  • Springfield
  • 62704
  • Historic West-Side
  • 1007 W Edwards St
Rental est.: $935/month
Gross rent multiplier: 14.7

Nearby recently sold homes in Springfield, IL

  • 1007 W Edwards St
    $165K
  • Historic West-Side
    $130K -21% y/y
  • 62704
    $205K +14% y/y
  • Springfield
    $218K +21% y/y
No chart available
Statistics calculated by Movoto
3/10
Dubois Elementary School
public Grades K-5
Springfield School District 186
2/10
U S Grant Middle School
public Grades 6-8
Springfield School District 186
5/10
Springfield High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.
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