Solid income producing 4 plex, close to Washington Park and Downtown. There is plenty of room to pave a parking lot in the rear of the building. Owner pays utilities. Monthly rental income is $2,950, with monthly expenses of $1,015, or annual income of $34,500 with annual expenses of 12,180. Priced at a 14.01 capitalization rate.
For sale
$150,000
545 S Lincoln Ave, Springfield, IL 62704
4beds
4baths
2,268sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$140,900 Zestimate®
$66/sqft
$-- HOA
What's special
- 85 days |
- 504 |
- 16 |
Zillow last checked: 8 hours ago
Listing updated: September 19, 2025 at 01:01pm
Listed by:
Jay Clark Offc:217-787-7000,
The Real Estate Group, Inc.
Source: RMLS Alliance,MLS#: CA1039242
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Appliances
- Included: Water Heater
Features
- Basement: Partial
Interior area
- Total structure area: 2,268
- Total interior livable area: 2,268 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 4,935 Square Feet
- Dimensions: 47 x 105
- Features: Level
Details
- Parcel number: 14320277041
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonite, Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $159,972
- Annual tax amount: $4,479
- Date on market: 9/16/2025
- Cumulative days on market: 86 days
Estimated market value
$140,900
$134,000 - $148,000
$884/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2025 | Listed for sale | $150,000-6.2%$66/sqft |
Source:  RMLS Alliance #CA1039242 Report a problem | ||
| 4/12/2024 | Listing removed | -- |
Source: RMLS Alliance #CA1027680 Report a problem | ||
| 4/4/2024 | Price change | $159,999-3%$71/sqft |
Source: RMLS Alliance #CA1027680 Report a problem | ||
| 3/29/2024 | Price change | $165,000-8.3%$73/sqft |
Source: RMLS Alliance #CA1027680 Report a problem | ||
| 3/5/2024 | Listed for sale | $180,000+22%$79/sqft |
Source: RMLS Alliance #CA1027680 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,479 +64.7% | $53,324 +73.3% |
| 2023 | $2,720 +53.1% | $30,765 +55.2% |
| 2022 | $1,776 +3.4% | $19,822 +3.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,035/mo
Principal & interest
$743
Property taxes
$239
Home insurance
$53
Climate risks
Neighborhood: Historic West Side
Nearby schools
GreatSchools rating
- 3/10Dubois Elementary SchoolGrades: K-5Distance: 0.3 mi
- 2/10U S Grant Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Springfield High SchoolGrades: 9-12Distance: 0.7 mi
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