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Sold on 12/16/2022

545 S Douglas St, Springfield, IL 62704

  • $224,000

    Last sold 12/16/2022 for $240K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 545 S Douglas St

Property type Multi-family
Neighborhood
Year built 1924
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
6 unit apartment building fully occupied and generating $45,000 in annual rents. This conversion income property is in a central Springfield location close to downtown with direct access to all areas in town. These units each have their own entrances & parking and 1 side of the 2 car detached garage is currently rented to unit 1 for $100/month while the owner occupies the other side for storage. Owner pays for gas, water and 1 of 5 electric meters while 5 units are responsible for their own electric.
Listed by
Listing Agent Contact: Mobl: 217-741-4040
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1019347 • last updated 3 years ago
Movoto checked RMLS Alliance for data 13 minutes ago
Overview
Heating Baseboard, Electric, Gas, Hot Water, Electric Water Heater, Gas Water Heater, Wall Unit(s), Window Unit(s)
Levels/Style Two Or More Story, Other
MLS # CA1019347
Status Sold
SubType Residential Income
Property Tax 3055
Year Built 1924
Interior
Laundry Other
Accessibility Features Other Bath Modifications, Wide Doorways, Wide Hallways
Interior Features Garage Door Opener(s)
Exterior
Roof Rubber
Construction Aluminum Siding, Steel Siding, Stucco
Parking Assigned, Detached, Parking Garage, Parking Pad
# of Parking Spaces 6
Lot Features Corner Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-33.0-152-019
Directions S. Douglas Between Edwards St. & Governor St.
Multifamily Details
Total # of Units 6
Net Operating Income 30785
Expense: Water/Sewer 1980
Expense: Operating 11160
Expense: Trash 780
Gross Income 45000
Expense: Electricity 3600
Gross Scheduled Income 45000
Lot/ Land Details
Road Surface Paved
$224K
Range: $156K-$291K
Last 30 days 
Rental est.: $942/month
Gross rent multiplier: 21.2
  • Dec 2022
    Public Records
  • Dec 20, 2022 Sold
    $240,000
  • 545 S Douglas St
    $240K
  • Historic West-Side
    $162K +8% y/y
  • 62704
    $190K 0% y/y
  • Springfield
    $195K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Dubois Elementary School
public Grades K-5
Springfield School District 186
2/10
U S Grant 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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