Seller's Agent in 2024
Kyle Killebrew
The Real Estate Group, Inc.
(217) 321-8210
29 in this area
1,971 Total Sales
101 W Canedy St Springfield, IL 62704
Vinegar Hill Neighborhood
Studio
--
Bath
19,741
Sq Ft
8,712
Sq Ft Lot
Highlights
- Storage
- Forced Air Heating System
- Level Lot
- Springfield High School Rated A-
About This Home
As of April 2024Introducing Canedy Court Apartments an extensively renovated & professionally managed 26-unit complex. Comprised of 16 2-BR's & 10 spacious studio/efficiency units the building offers a diverse range of living options. Located within walking distance of the Capitol it provides an attractive rental opportunity for state workers & professionals seeking convenience. This is an exceptional investment opportunity with a stabilized occupancy rate & professional management that has resulted in a conservative Y1 cap rate of nearly 10%. The property offers immediate cash flow potential & promises a seamless transition to new owners. This historically significant complex may qualify for historic benefits, adding further value. Notably, Canedy Ct. Apartments holds the distinction of being Springfield's 1st complex to offer central air, as recorded in historical newspaper articles. One standout feature is the townhouse-style layout, where every 4 units shares a basement equipped w/storage units & laundry facilities. Accessible by a private entrance exclusive to those 4units, this arrangement offers a unique & desirable floorplan to the tenant. Following extensive renovations (November '23) to the sum of approximately half a million dollars, this property has achieved remarkable lease-up success. 23 of 26 units are occupied & only 8 exist from previous ownership. The remaining 15 were professionally screened & placed by mgmt & new owners are encouraged to capitalize on this upward trend!
Last Agent to Sell the Property
The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 02/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,203
Year Built
- Built in 1953
Lot Details
- Level Lot
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 19,741 Sq Ft Home
- Storage
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 26 Parking Spaces
- Carport
- Assigned Parking
Schools
- Springfield District #186 High School
Utilities
- Forced Air Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 14-33.0-431-040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2024
Closed on
Apr 2, 2024
Sold by
Canedy Llc
Bought by
Cc Capital Ventures and Cox Creason Investments Llc Series 2
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Barbara Endzelis
RE/MAX Professionals
List Price
$1,550,000
Sold Price
$1,550,000
Views
1528
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Outstanding Balance
$1,212,284
Interest Rate
6.94%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 31, 2023
Closed on
Mar 31, 2023
Sold by
Ruvian Inc
Bought by
Canedy Llc
Seller's Agent
FSBO FSBO
CAR
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$800,000
Sold Price
$800,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.49%
Original Mortgage
$958,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cc Capital Ventures | $1,550,000 | None Listed On Document | |
| Canedy Llc | $800,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cc Capital Ventures | $1,240,000 | |
| Previous Owner | Canedy Llc | $958,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2024 04/01/24 | Sold | $1,550,000 | 0.0% | $79 / Sq Ft | |
| 02/12/2024 02/12/24 | Pending | -- | -- | -- | |
| 02/09/2024 02/09/24 | For Sale | $1,550,000 | +93.8% | $79 / Sq Ft | |
| 03/31/2023 03/31/23 | Sold | $800,000 | 0.0% | $41 / Sq Ft | View Prior Sale |
| 03/31/2023 03/31/23 | Pending | -- | -- | -- | |
| 03/31/2023 03/31/23 | For Sale | $800,000 | -- | $41 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $2,383 | $28,374 | $20,981 | $7,393 |
| 2023 | $2,291 | $25,917 | $19,164 | $6,753 |
| 2022 | $2,203 | $24,585 | $18,179 | $6,406 |
| 2021 | $2,130 | $23,664 | $17,498 | $6,166 |
| 2020 | $2,088 | $23,699 | $17,524 | $6,175 |
| 2019 | $2,049 | $23,616 | $17,463 | $6,153 |
| 2018 | $2,054 | $24,306 | $17,377 | $6,929 |
| 2017 | $2,011 | $23,991 | $17,152 | $6,839 |
| 2016 | $1,972 | $23,641 | $16,902 | $6,739 |
| 2015 | $1,952 | $23,358 | $16,700 | $6,658 |
| 2014 | $1,923 | $23,207 | $16,592 | $6,615 |
| 2013 | $1,880 | $23,207 | $16,592 | $6,615 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Killebrew
-
Barbara Endzelis
Buyer's Agent in 2024
Barbara Endzelis
RE/MAX Professionals
(217) 971-7215
4 in this area
235 Total Sales
-
F
Seller's Agent in 2023
FSBO FSBO
CAR
Map
Source: RMLS Alliance
MLS Number: CA1027205
APN: 14-33.0-431-024
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