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Sold on 03/25/2022

1509 S 1st St, Springfield, IL 62704

$79,000

Last sold 03/25/2022 for $98K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1509 S 1st St

Property type Multi-family
Neighborhood
Year built 1961
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This nicely maintained solid brick tri-plex features three one bedroom one bath units on a slab foundation. Units 1509 & 1501 have been updated with newer water heaters, furnaces, laminate & bamboo flooring. All units have newer windows except in bathrooms. Roof is approximately 10 years of age with newer gutters. Owner pays water & trash. Situated on an ultra low maintenance corner lot close to all downtown amenities, ideal for State workers. All three units are currently rented for instant cash flow.
Listed by
Listing Office - RE/MAX Professionals
Source: RMLS Alliance mls logo
MLS#CA1012914 • last updated 4 years ago
Movoto checked RMLS Alliance for data 9 minutes ago
Overview
Heating Forced Air, Gas, Gas Water Heater, Window Unit(s)
Levels/Style Triplex
Virtual Tour N/A
MLS # CA1012914
Status Sold
SubType Residential Income
Property Tax 1819.9
Year Built 1961
Interior
Laundry None
Exterior
Roof Shingle
Construction Brick
Parking On Street
# of Parking Spaces 3
Lot Features Corner Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield Southeast
APN 22-04.0-211-012
Directions Corner Of S 1st And Cedar
Multifamily Details
Total # of Units 3
Net Operating Income 12376
Expense: Water/Sewer 780
Expense: Operating 2324
Expense: Trash 344
Gross Income 14700
Gross Scheduled Income 14700
Lot/ Land Details
Road Surface Paved
$79K
Range: $43.4K-$114K
Last 30 days 
Rental est.: $956/month
Gross rent multiplier: 8.5 - Good
  • Mar 2022
    Public Records
  • Mar 31, 2022 Sold
    $98,000
  • Year Property taxes Tax assessment
  • 2024
    $2,891 +4.0%
    $34,421 +9.48%
  • 2023
    $2,780 +4.0%
    $31,440 +5.42%
  • 2022
    $2,673 +43.9%
    $29,824 +44.57%
  • 2021
    $1,857 +2.0%
    $20,629 -0.15%
  • 2020
    $1,820 +7.6%
    $20,660 +0.35%
  • 2019
    $1,692
    $20,588
  • 2018
    $1,692 +2.1%
    $20,588 +4.16%
  • 2017
    $1,657 +2.0%
    $19,765 +1.48%
  • 2016
    $1,624 +1.0%
    $19,477 +1.21%
  • 2015
    $1,609 +1.5%
    $19,244
  • 2014
    $1,584 +2.3%
    —
  • 2013
    $1,549
    —
  • 1509 S 1st St
    $98K
  • Grand Central
    $112K -6% y/y
  • 62704
    $170K -12% y/y
  • Springfield
    $189K +8% 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
3/10
Benjamin Franklin Middle School
public Grades 6-8
Springfield School District 186
2/10
Springfield Southeast High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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