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Sold on 07/01/2026
  • Other
  • Living
  • Kitchen
  • Bath
  • Bedroom

1038 N 1st St, Springfield, IL 62702

  • $150,000

    Last sold 07/01/2026 after 105 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1038 N 1st St

Property type Multi-family
Neighborhood
Year built 1913
HOA fee $0/month
Rental estimate
Property description
Calling all investors! This super conveniently located rental property sits just blocks from Memorial Medical Center and SIU School of Medicine, and offers the perfect spot to house medical students and traveling nurses. Currently fully leased, so income will be immediately generated. This single family home was duplexed in the 1990's, and has seen replaced siding, windows, some updated HVAC, & the electric and gas meters have been separated. Shared washer & dryer available in basement. One unit has 1 bedroom, 1 Bath, living room and kitchen. Second unit has 4 bedrooms, 1.5 baths, living room, kitchen and closets for storage. Shared basement offers even more usable storage. Off street, ally side parking easily accommodates 4 cars, with even more parking at the street. This is a super affordable duplex that will increase your portfolio earnings!
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1042419 • last updated 4 days ago
Movoto checked RMLS Alliance for data 31 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, Natural Gas, Gas Water Heater, Window Unit(s)
Levels/Style Two Or More Story, Duplex
MLS # CA1042419
Status Sold
SubType Residential Income
Property Tax 3899.56
Year Built 1913
Interior
Laundry Units Hook-Ups
Accessibility Features Level
Interior Features Cable Available
Exterior
Foundation Block, Concrete Perimeter
Roof Shingle
Construction Vinyl Siding
Parking Guest, On Street, Parking Pad
# of Parking Spaces 2
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-28.0-230-033
Directions Heading East On North Grand From N Walnut, Turn South On 1st St. The Property Is On The East Side Of The Street.
Multifamily Details
Total # of Units 2
Net Operating Income 9032
Expense: Water/Sewer 1500
Expense: Operating 10304
Expense: Manager 2091
Expense: Maintenance 5353
Gross Income 23236
Gross Scheduled Income 23236
Lot/ Land Details
Road Surface Paved
Rental est.: $1,485/month
Gross rent multiplier: 8.4 - Good
  • Jul 2026
    mls logo MLS # CA1042419
  • Jul 1, 2026 Sold
    $150,000
  • May 10, 2026 Pending
    —
  • Apr 3, 2026 Listed
    —
  • Mar 22, 2026 Active
    —
  • Mar 18, 2026 Listed
    $150,000 (+23.5%)
  • Jun 2023
    Public Records
  • Jun 14, 2023 Sold
    $121,500 (+25.3%)
  • Oct 2019
    Public Records
  • Oct 1, 2019 Sold
    $97,000
  • 1038 N 1st St
    $150K
  • Oak Ridge
    $115K +80% y/y
  • 62702
    $129K +3% y/y
  • Springfield
    $195K +1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Mcclernand 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
2/10
Lanphier High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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