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Sold on 09/27/2024

1425 S Macarthur Blvd, Springfield, IL 62704

$131,000

Last sold 09/27/2024 for $440K

  • —

    bed

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    bath

Multi-family not for sale
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About 1425 S Macarthur Blvd

Property type Multi-family
Neighborhood
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Mixed use commercial/residential consisting of 3 buildings/1 dental office & 6 residential units with 1 additional room & 1/2 bath rented for storage by current tenant. 4th parcel is the parking lot with 21 spaces used by all tenants. Dental office has handicap accessible ramp for main level only. Total Gross receivables $72,000/year current expenses $16,846 for net of $55,153 income. See attached update/info sheet. Owner pays water/sewer for 1425 MacArthur & garbage service. Tenants pay electric/gas/water/sewer for all units (except water/sewer for 1425)
Listed by
Listing Agent Contact: Pref: 217-306-2365
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1031110 • last updated 1 year ago
Movoto checked RMLS Alliance for data 8 minutes ago
Overview
Heating Forced Air, Gas, Central Air, Window Unit(s)
Levels/Style Two Or More Story
MLS # CA1031110
Status Sold
SubType Residential Income
Property Tax 11746.48
Interior
Laundry None
Accessibility Features Handicap Access
Interior Features Cable Available, Handicap Access, High Speed Internet
Exterior
Foundation Brick, Concrete
Roof Composition, Shingle
Construction Brick, Vinyl Siding
Parking Other
# of Parking Spaces 29
Lot Features Corner Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 22050229036
Directions Corner Of Leland & MacArthur
Multifamily Details
Total # of Units 7
Net Operating Income 55154
Expense: Water/Sewer 360
Expense: Operating 5100
Expense: Trash 1140
Gross Income 72000
Gross Scheduled Income 72000
Lot/ Land Details
Add'l Parcel(s) 22050229033, 034, 035
Road Surface Paved
$131K
Range: $72K-$189K
Last 30 days 
Rental est.: $915/month
Gross rent multiplier: 40.1
  • Sep 2024
    Public Records
  • Sep 30, 2024 Sold
    $220,000
  • Sep 2024
    mls logo MLS # CA1031110
  • Sep 27, 2024 Sold
    $220,000 (-51.1%)
  • Sep 7, 2024 Pending
    —
  • Aug 7, 2024 Listed
    $450,000
  • Year Property taxes Tax assessment
  • 2024
    $3,410 +4.0%
    $40,601 +9.48%
  • 2023
    $3,279 +4.0%
    $37,085 +5.42%
  • 2022
    $3,152 +3.4%
    $35,178 +3.89%
  • 2021
    $3,048 +2.0%
    $33,860 -0.15%
  • 2020
    $2,987 -5.3%
    $33,911 +0.35%
  • 2019
    $3,156
    $33,793 -9.53%
  • 2018
    $3,156 +2.1%
    $37,352 +1.31%
  • 2017
    $3,091 +2.0%
    $36,869 +1.48%
  • 2016
    $3,030 +1.0%
    $36,331 +1.21%
  • 2015
    $3,001 +1.5%
    $35,897
  • 2014
    $2,956 +2.3%
    —
  • 2013
    $2,890
    —
  • 1425 S Macarthur Blvd
    $440K
  • Washington Knolls
    $492K +124% y/y
  • 62704
    $184K 0% y/y
  • Springfield
    $189K +3% y/y
No chart available
Statistics calculated by Movoto

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7/10
Butler Elementary School
public Grades K-5
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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