Movoto Real Estate
Sold on 01/16/2025
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122 N Parker Ave, Springfield, IL 62702

  • $576,000

    Last sold 01/16/2025 after 231 Days

  • bed

  • bath

Multi-family not for sale
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About 122 N Parker Ave

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Rental estimate
Property description
Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.
Listed by
Listing Agent Contact: Mobl: 217-416-7995
Listing Office - RE/MAX Professionals
Source: RMLS Alliance mls logo
MLS#CA1029479 • last updated 1 year ago
Movoto checked RMLS Alliance for data 28 minutes ago
Overview
Heating Electric, Forced Air, Central Air
Levels/Style Apartment Building
MLS # CA1029479
Status Sold
SubType Residential Income
Property Tax 12887.62
Year Built 1985
Interior
Laundry Units Hook-Ups
Interior Features Cable Available, High Speed Internet
Exterior
Foundation Block
Roof Shingle
Construction Vinyl Siding
Parking Guest Parking, Parking Pad
# of Parking Spaces 15
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-28.0-456-009
Directions E Of Jefferson & Walnut By Hardee's
Multifamily Details
Total # of Units 12
Net Operating Income -14148
Expense: Water/Sewer 570
Expense: Operating 1260
Expense: Maintenance 50
Expense: Trash 200
Lot/ Land Details
Add'l Parcel(s) 14-28.0-456-008 14-28.0-456-007
Road Surface Paved
Rental est.: $1,120/month
Gross rent multiplier: 42.9
  • Jan 2025
    Public Records
  • Jan 16, 2025 Sold
    $576,000
  • Jan 2025
    mls logo MLS # CA1029479
  • Jan 16, 2025 Sold
    $576,000 (-4.0%)
  • Jun 28, 2024 Pending
  • Jun 20, 2024 Price Change
    $599,900 (-4.0%)
  • May 30, 2024 Listed
    $625,000 (+25.5%)
  • Jul 2021
    Public Records
  • Jul 9, 2021 Sold
    $498,000
  • 122 N Parker Ave
    $576K
  • Vinegar Hill
    $159K +33% y/y
  • 62702
    $129K 0% y/y
  • Springfield
    $189K +2% y/y
No chart available
Statistics calculated by Movoto

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2/10
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Source: GreatSchools.org © 2026. All rights reserved.

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