Mixed use commercial/residential consisting of 3 buildings/1 dental office & 6 residential units with 1 additional room & 1/2 bath rented for storage by current tenant. 4th parcel is the parking lot with 21 spaces used by all tenants. Dental office has handicap accessible ramp for main level only. Total Gross receivables $72,000/year current expenses $16,846 for net of $55,153 income. See attached update/info sheet. Owner pays water/sewer for 1425 MacArthur & garbage service. Tenants pay electric/gas/water/sewer for all units (except water/sewer for 1425)
Sold for $440,000 on 09/27/24
$440,000
1425 S Macarthur Blvd, Springfield, IL 62704
8beds
4baths
5,700sqft
Multi Family
Built in ----
-- sqft lot
$466,900 Zestimate®
$77/sqft
$1,009 Estimated rent
Home value
$466,900
$434,000 - $504,000
$1,009/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 28, 2024 at 01:01pm
Listed by:
Nancy L Long Pref:217-306-2365,
The Real Estate Group, Inc.
Bought with:
Mary Jo Welch, 475124977
RE/MAX Professionals
Source: RMLS Alliance,MLS#: CA1031110
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Water Heater
- Laundry: None
Features
- High Speed Internet
- Basement: Full
Interior area
- Total structure area: 5,700
- Total interior livable area: 5,700 sqft
Property
Parking
- Total spaces: 29
Accessibility
- Accessibility features: Handicap Access
Lot
- Features: Corner Lot, Level
Details
- Additional parcels included: 22050229033,034,035
- Parcel number: 22050229036
- Zoning description: mixed
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Composition,Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Springfield
- Subdivision: None
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $440,000-2.2%$77/sqft |
Source:  RMLS Alliance #CA1031110 | ||
| 9/7/2024 | Pending sale | $450,000$79/sqft |
Source: RMLS Alliance #CA1031110 | ||
| 8/12/2024 | Listed for sale | $450,000$79/sqft |
Source: RMLS Alliance #CA1031110 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,410 +4% | $40,601 +9.5% |
| 2023 | $3,279 +4% | $37,085 +5.4% |
| 2022 | $3,152 +3.4% | $35,178 +3.9% |
Find assessor info on the county website
Neighborhood: 62704
Nearby schools
GreatSchools rating
- 5/10Butler Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Springfield High SchoolGrades: 9-12Distance: 1.2 mi
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