Here's an opportunity to own an 8-unit investment property featuring a mix of residential and commercial spaces that perfectly complement each other in central Springfield and close to Washington Park! The package consists of 2 buildings plus a rented garage/shop space with 4 storefronts and 3 upper story apartments. The apartments consist of 2 studios and one 2 bedroom unit, fully rented. Two of the four storefronts will become available with the sale, ready for you to start your own business here! The anchor tenant has a 20+ year established business. Your tenants will love the convenient location walkable to shops/restaurants and good visibility from MacArthur Blvd. This is a great opportunity to begin or expand your real estate investment portfolio!
Multi-familyProperty Type
1960Year Built
8,000 sq ftLot Size
$33Price/Sq.Ft.
7 spacesParking
Listed by Megan Pressnall• The Real Estate Group, Inc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Sangamon County
APN
14-33.0-153-032
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 22, 2024.
S-1
Neighborhood Commercial and Office District
This district is designed to provide for convenient retail and service establishments which due to the nature and type of uses, have minimal impact on adjacent residential uses, and provide for a buffer between the residential areas and other uses more intensive in scope. Since these establishments are required in convenient locations near residential areas, and are relatively unobjectionable to nearby residences, this district is widely distributed throughout the city. The district regulations are designed to promote convenient shopping and the stability of retail areas by encouraging contiguous retail development and by prohibiting those types of establishments and services which tend to break such a pattern. The maximum square foot of floor area allowed for any one commercial building on a zoning lot adjoining the R-1, R-2 or R-3 zoning districts or equivalent planned unit development designation, or otherwise adjoining those districts but for an alley, shall be 30,000 sq ft.
Permitted uses
Include but are not limited to:
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Hotel / motel
Office
Medical office
Property details
Parking
Parking Information
Parking Total: 7
Parking Features: On Street, Parking Pad
Interior
Heating & Cooling
Heating: Forced Air, Central Air
Room Information
Basement: None
Multi-Unit Information
Units: 8
Unit 1 Information
Unit 1 Full Bathrooms: 0
Unit 1 Half Bathrooms: 1
Unit 1 Covered Parking Spaces: 0
Unit 1 Parking Spaces: 1
Unit 1 Uncovered Parking Spaces: 1
Unit 1 Actual Rent: 400
Unit 1 Type: Unit 1
Unit 1 Bedrooms: 0
Unit 2 Information
Unit 2 Full Bathrooms: 0
Unit 2 Half Bathrooms: 1
Unit 2 Covered Parking Spaces: 0
Unit 2 Parking Spaces: 1
Unit 2 Uncovered Parking Spaces: 1
Unit 2 Actual Rent: 0
Unit 2 Type: Unit 2
Unit 2 Bedrooms: 0
Unit 3 Information
Unit 3 Full Bathrooms: 1
Unit 3 Half Bathrooms: 0
Unit 3 Covered Parking Spaces: 0
Unit 3 Parking Spaces: 1
Unit 3 Uncovered Parking Spaces: 1
Unit 3 Actual Rent: 420
Unit 3 Type: Unit 3
Unit 3 Bedrooms: 1
Unit 4 Information
Unit 4 Full Bathrooms: 1
Unit 4 Half Bathrooms: 0
Unit 4 Covered Parking Spaces: 0
Unit 4 Parking Spaces: 1
Unit 4 Uncovered Parking Spaces: 1
Unit 4 Actual Rent: 420
Unit 4 Type: Unit 4
Unit 4 Bedrooms: 1
Exterior
Property Type
Property Sub Type: Residential Income
Exterior Features
Roof: Shingle
Property Information
Property Sub Type: Residential Income
Lot Information
Lot Features: Level
Lot Size Dimensions: 80 x 100
Road Surface Type: Paved
Building Information
Is New Construction: No
Building Area Total: 4986
Financial
Tax Information
Tax Year: 2022
Tax Annual Amount: 5685
Tax Legal Description: W 80' E 160' L 7 N STROTTS SUB NE SW NW 33-16-5
Utilities
Utility Information
Water Source: Public Sewer, Public
Location
School Information
High School: Springfield District #186
Location Information
Directions: MacArthur Boulevard to West on Edwards Street. Buildings are on north side of street.
Subdivision Name: Springfield
MLS Area Minor: Springfield
Community Information
Units: 8
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Sangamon County
APN: 14-33.0-153-032
Home facts updated by county records on Jan 22, 2024
Other
Listing Information
MLS Area Minor: Springfield
Standard Status: Closed
Home Information
Building Area Total: 4986
Structure Type: Two or More Story, Other
Year Built: 1960
Information for Agents
Attribution Contact: Offc: 217-787-7000
Around this home
Schools
Dubois Elementary School
Public K-5 • Assigned • 0.4mi
3/10
U S Grant Middle School
Public 6-8 • Assigned • 0.8mi
2/10
Springfield High School
Public 9-12 • Assigned • 0.5mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, IL • 62704-3375
Average low and high temperatures (°F)
33
17
43
25
62
39
69
49
75
55
83
66
87
71
84
65
82
58
72
49
54
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 4.1 hours in December, which is comparable to the
U.S. average for solar exposure.