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509 S State St, Springfield, IL 62704

$126,000

Last sold date unavailable

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 509 S State St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This multi-family property is located at 509 S State St, Springfield, IL, 62704, in the Historic West-Side neighborhood in Sangamon County and was built in 1970. It is served by municipal water. The estimated market value is $126,000.
Overview
Heating Forced Air, Central
Levels/Style Triplex
MLS # CA1012052
Status Pending Continue To Show
SubType Residential Income
Property Tax 1315.24
Year Built 1970
Exterior
Roof Shingle
Construction Other
Parking Alley Access, Detached, Other
# of Parking Spaces 2
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
Elementary School Graham
Middle School Franklin
High School Springfield
APN 14330176020
Directions S Macarthur Blvd To East On Governor, South On State Street. Home Will Be On The West Side Of Street.
Multifamily Details
Total # of Units 3
Net Operating Income -1315
$126K
Range: $59.2K-$192K
Last 30 days 
Rental est.: $915/month
Gross rent multiplier: 10.5
  • Year Property taxes Tax assessment
  • 2024
    $758 +5.6%
    $9,028 +11.17%
  • 2023
    $718 -48.3%
    $8,121 -47.57%
  • 2022
    $1,388 +3.4%
    $15,489 +3.89%
  • 2021
    $1,342 +2.0%
    $14,909 -0.15%
  • 2020
    $1,315 -4.0%
    $14,931 +0.35%
  • 2019
    $1,370
    $14,879 -8.23%
  • 2018
    $1,370 +2.1%
    $16,214 +1.31%
  • 2017
    $1,342 +2.0%
    $16,005 +1.48%
  • 2016
    $1,315 +1.0%
    $15,772 +1.21%
  • 2015
    $1,303 +1.5%
    $15,584
  • 2014
    $1,283 +2.3%
    —
  • 2013
    $1,255
    —
  • 509 S State St
    $114K
  • Historic West-Side
    $159K +3% y/y
  • 62704
    $207K +11% y/y
  • Springfield
    $184K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Elizabeth Graham Elementary School
public Grades K-5
Springfield School District 186
3/10
Benjamin Franklin Middle School
public Grades 6-8
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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