NOT LISTED FOR SALE

1003 S 8th St Springfield, IL 62703

Old Aristocracy Hill Neighborhood

Estimated Value: $158,000 - $164,655

3 Beds
3 Baths
2,400 Sq Ft
$67/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $133,000 $55 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,125/month

65 Days on Market

About This Home

As of April 2022

Fantastic location by Springfield Clinic. Zoned Office and Multi-Family. Clean and well maintained with recent electrical and plumbing updates, this 3 unit historic building features all original refinished hardwood floors, doors, and moldings, yet has a modern look with large, light-filled open units. Upstairs tenant pays $550 plus electric, and downstairs tenant pays $595. Additional third space is also available and the kitchen is plumbed and ready for cabinets of your choice. Laundry hook-ups in basement. Wonderful income property with commercial possibilities. As-is inspections welcome.

Last Agent to Sell the Property

lisa metzger

The Real Estate Group, Inc. License #475096648 Listed on: 01/11/2022

The Real Estate Group, Inc.

Last Buyer's Agent

DANIELLE GIPSON

Keller Williams Capital License #475167208

Keller Williams Capital

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,482

Year Built

  • Built in 1900

Lot Details

  • 5,314

Interior Spaces

  • 2-Story Property
  • Storage

Basement

  • Partial Basement
  • Brick Basement
  • Crawl Space

Schools

  • Graham Elementary School
  • Springfield High School

Listing and Financial Details

  • Tenant pays for electric only

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,482

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story
  • Legal Description: E 88.8' N 1/2 L 15 & E 88.8' L 16 B 11 E Iles 2nd Addn
  • Lvt Date: 01/11/2022
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Additional Storage
  • Number of Ranges: 2
  • Number Refrigerators: 2
  • Basement: Crawl Space, Partial, Brick
  • Price Per Sq Ft: 55.42
  • Total Sq Ft: 2400

Exterior Features

  • Construction Status: Construction Complete
  • Exterior: Wood Siding
  • Road Access: Paved
  • Roofing: Rubber, Shingles

Garage/Parking

  • Garage Parking: On-Street Parking

Utilities

  • Heating Cooling: Electric, Gas, Hot Water, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Garbage Collection Exp: 240
  • Gas Expense: 1380
  • Number Window Units: 3

Schools

  • Elementary School: Graham
  • High School: Springfield

Lot Info

  • Estimated Lot Size: 60x89
  • Lot Description: Corner
  • Zoning: OFF
  • Subdivision: Iles
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Electric Only
  • Gross Annual Rent Income: 13440
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 1482
  • Parcel Id Number Tax Id: 14340339011
  • Tax Year: 2018

Multi Family

  • Total Number Units: 3
  • Gross Annual Income: 13440
  • Total Number Electric Meters: 2
  • Total Number Gas Meters: 3
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 2
  • Total Number Water Meters: 1

MLS Schools

  • Middle School: Grant/Lincoln

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $133,000 -4.9% $55 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $139,900 -- $58 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,139 $43,370 $4,229 $39,141
2023 $2,972 $39,615 $3,863 $35,752
2022 $3,002 $37,578 $3,664 $33,914
2021 $1,623 $18,030 $3,527 $14,503
2020 $1,591 $18,057 $3,532 $14,525
2019 $1,561 $17,994 $3,520 $14,474
2018 $1,481 $17,534 $3,501 $14,033
2017 $1,451 $17,308 $3,456 $13,852
2016 $1,422 $17,056 $3,406 $13,650
2015 $1,409 $16,852 $3,365 $13,487
2014 $1,388 $16,743 $3,343 $13,400
2013 $1,357 $16,743 $3,343 $13,400
Source: Public Records

Agents Affiliated with this Home

  • l

    Seller's Agent in 2022

    lisa metzger

    The Real Estate Group, Inc.

    (217) 899-7131

    1 in this area

    22 Total Sales

    lisa metzger
    Section Image
  • DANIELLE GIPSON

    Buyer's Agent in 2022

    DANIELLE GIPSON

    Keller Williams Capital

    (217) 679-8787

    1 in this area

    50 Total Sales

    DANIELLE GIPSON
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1011958

RMLS Alliance

APN: 14-34.0-339-011

Illinois Sangamon County Springfield 62703 Old Aristocracy Hill

1003 S 8th St, Springfield, IL

Not Listed for Sale

MultiFamily

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