Extremely rare investment opportunity! Two parcels include a large single family home (maintained and lived in by the same family for 80 years), an adorable rental home & a commercial building. 1940 S Lincoln is a 3BR/2BA corner lot home with a fenced backyard, 2 car detached garage, newer roof & a partially finished basement with full bath & bonus room. 1936 Lincoln is a one bedroom income property on a crawl with separate utilities, newer roof & currently bringing $425/mo in rental income. The commercial building brings $900/month with separate electric meter and apx 2200 square feet. One parcel includes the rental house & the parking lot for the commercial unit while the other parcel has the larger home & commercial building. Plenty of possibilities for these two pieces of property!
Off market
Street View
$382,200
1940 S Lincoln Ave, Springfield, IL 62704
4beds
4,259sqft
MultiFamily
Built in 1997
-- sqft lot
$382,200 Zestimate®
$90/sqft
$1,540 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Electric, Gas
Cooling
- Central
Features
- Basement: Full, Crawl Space, Unfinished, Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 4,259 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Features
- Exterior features: Other
Lot
- Size: 0.46 Acres
Details
- Parcel number: 22050276067
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1997
Community & neighborhood
Location
- Region: Springfield
Other
Other facts
- Area/Tract: Springfield
- Type: Residential Income
- HEATING/COOLING: Electric, Gas, Central Air, 2+ Cooling Systems
- BASEMENT: Full, Crawl Space, Unfinished, Finished
- Total # Central Air Units: 2
- GARAGE/PARKING: Attached, Other Garage/Parking, Guest Parking, Alley
- EXTERIOR: Other Exterior
- INFORMATION ON FILE: Legal Description, Other Information on File
- LOT DESCRIPTION: Corner, Extra Lot
- Total # Heating Units: 3
- Tax Year: 2018
- WATER/SEWER: Community Water System, Community Sewer System
- U3 Fireplace (Y/N): Y
- Legal Description: FAIR HOME ADDN W1/2 SE NE FRL 5-15-5 L24 FAIR HOM
- Parcel ID#/Tax ID: 22050276026
- Annual Taxes: 8135.5
- STYLE: Other Style
- ROOFING: Shingles
Services availability
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