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Sold on 10/06/2025
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1616 S 7th St, Springfield, IL 62703

  • $100,000

    Last sold 10/06/2025 after 24 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1616 S 7th St

Property type Multi-family
Neighborhood
Year built 1910
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Affordable all brick 4-plex. Good location and condition just one block south of South Grand and only blocks from several state buildings, Springfield Clinic, and downtown Springfield. Each unit has 2 bed, 1 bath, living room and a kitchen. Each unit is metered separately for electricity and tenant pays their own heating and cooling. Owner ONLY pays for refuse, lawn/snow, common electric, all water/sewer, and gas/electric for water heaters. NEW ROOF in 2016! There are two newer gas and two newer electric water heaters located in the clean/spacious basement. There have been a variety of updates including some newer: plumbing, electrical, flooring, fixtures, paint, insulation, window units, fridges. All NEW WINDOWS in 2023!
Listed by
Listing Office - Keller Williams Capital
Source: RMLS Alliance mls logo
MLS#CA1039196 • last updated 9 months ago
Movoto checked RMLS Alliance for data 17 minutes ago
Overview
Heating Baseboard, Electric, Electric Water Heater, Gas Water Heater
Levels/Style Two Or More Story
MLS # CA1039196
Status Active
SubType Residential Income
Property Tax 3630.1
Year Built 1910
Exterior
Roof Rubber
Construction Brick
Parking On Street
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 22030109005
Directions South Grand Avenue To South 7th Street
Multifamily Details
Total # of Units 4
Net Operating Income -8913
Expense: Water/Sewer 500
Expense: Operating 5283
Expense: Maintenance 1200
Expense: Trash 660
Expense: Electricity 1250
$104K
Range: $90.4K-$117K
Last 30 days 
Rental est.: $945/month
Gross rent multiplier: 8.8 - Good
  • Sep 2025
    mls logo MLS # CA1039196
  • Sep 12, 2025 Listed
    $104,900 (-25.1%)
  • Jun 2025
    mls logo MLS # 12316672
  • Jun 4, 2025 Pending
    —
  • Mar 19, 2025 Listed
    $140,000
  • 1616 S 7th St
    $100K
  • Iles Park
    $80K +37% y/y
  • 62703
    $100K -8% y/y
  • Springfield
    $199K +3% y/y
No chart available
Statistics calculated by Movoto

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5/10
Edwin A Lee Elementary School
public Grades PK, K-12
Springfield School District 186
1/10
Jefferson Middle School
public Grades 6-8
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

Around Iles Park

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