NOT LISTED FOR SALE

1007 W Edwards St Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $189,073

Studio
-- Bath
4,986 Sq Ft
$38/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $165,000 $33 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,419/month

1 Day on Market

Highlights

  • Forced Air Heating System
  • Springfield High School Rated A-
  • Level Lot

About This Home

As of February 2024

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!

Last Agent to Sell the Property

Megan Pressnall

The Real Estate Group, Inc. Brokerage Phone: 217-787-7000 License #475162500 Listed on: 01/22/2024

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,685

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 80 x 100
  • Level Lot

Home Design

  • 4,986 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof

Parking

  • 7 Parking Spaces
  • Parking Pad
  • On-Street Parking

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System

Community Details

  • Springfield Subdivision
  • Trash Expense $540

Listing and Financial Details

  • Assessor Parcel Number 14-33.0-153-032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,685

Year Built

Built in 1960

Lot Details

8,189 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1960
  • New Construction: No
  • Structure Type: Two or More Story, Other
  • Age55PlusDevelopment: No
  • Attribution Contact: Offc: 217-787-7000
  • Special Features: None

Interior Features

  • Basement: None

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Brick Partial
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street, Parking Pad
  • Total Parking Spaces: 7

Utilities

  • Heating: Forced Air, Central Air
  • Water Source: Public Sewer, Public
  • GasExpense: 3713
  • NumberOfRanges: 3
  • NumberofRefrigerators: 3
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • LawnSnowRemoval: 560

Fee Information

  • Trash Expense: 540
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 80 x 100
  • Parcel #: 14-33.0-153-032

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5685
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Feb 26, 2024
Sold by
Strong Ventures Llc
Bought by
Grigiski Morgan
Seller's Agent
Megan Pressnall
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$165,000
Sold Price
$165,000
Views
245
Current Estimated Value
$189,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,073
Avg. Annual Appreciation
7.12%
Original Mortgage
$159,550
Outstanding Balance
$152,819
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$36,254

Purchase Details

Closed on
May 4, 2018
Sold by
Nydegger Dorothy M
Bought by
Strong Ventures Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Grigiski Morgan $165,000 None Listed On Document
Strong Ventures Llc $153,825 Fernandes David A
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grigiski Morgan $159,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2024 02/22/24 Sold $165,000 0.0% $33 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $165,000 -- $33 / Sq Ft
Source: RMLS Alliance

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 $5,339 $63,569 $6,991 $56,578
2023 $5,913 $66,881 $6,385 $60,496
2022 $5,685 $63,443 $6,057 $57,386
2021 $5,497 $61,067 $5,830 $55,237
2020 $5,387 $61,159 $5,839 $55,320
2019 $5,287 $60,946 $5,819 $55,127
2018 $4,332 $51,271 $5,789 $45,482
2017 $6,427 $76,668 $5,713 $70,955
2016 $6,301 $75,550 $5,630 $69,920
2015 $6,240 $74,647 $5,563 $69,084
2014 $6,146 $74,165 $5,527 $68,638
2013 $6,009 $74,165 $5,527 $68,638
Source: Public Records

Agents Affiliated with this Home

  • Megan Pressnall

    Seller's Agent in 2024

    Megan Pressnall

    The Real Estate Group, Inc.

    (217) 341-8323

    17 in this area

    196 Total Sales

    Megan Pressnall
    Section Image
  • Jerry George

    Buyer's Agent in 2024

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    32 in this area

    898 Total Sales

    Jerry George
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1026907

RMLS Alliance

APN: 14-33.0-153-032

Illinois Sangamon County Springfield 62704 Historic West Side

1007 W Edwards St, Springfield, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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