1038 N 1st St Springfield, IL 62702
Oak Ridge NeighborhoodEstimated payment $1,126/month
Highlights
- Guest Parking
- Level Lot
- 3-minute walk to Gehrmann Park
- Forced Air Heating and Cooling System
About This Home
Calling all investors! This super conveniently located rental property sits just blocks from Memorial Medical Center and SIU School of Medicine, and offers the perfect spot to house medical students and traveling nurses. Currently fully leased, so income will be immediately generated. This single family home was duplexed in the 1990's, and has seen replaced siding, windows, some updated HVAC, & the electric and gas meters have been separated. Shared washer & dryer available in basement. One unit has 1 bedroom, 1 Bath, living room and kitchen. Second unit has 4 bedrooms, 1.5 baths, living room, kitchen and closets for storage. Shared basement offers even more usable storage. Off street, ally side parking easily accommodates 4 cars, with even more parking at the street. This is a super affordable duplex that will increase your portfolio earnings!
Listing Agent
The Real Estate Group, Inc. Brokerage Phone: 217-787-7000 License #475144896 Listed on: 03/18/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,900
Year Built
- Built in 1913
Lot Details
- Lot Dimensions are 47x148
- Level Lot
Home Design
- Block Foundation
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 5 Bedrooms
- 2,743 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Parking Pad
- Guest Parking
- On-Street Parking
Schools
- Springfield District #186 High School
Utilities
- Forced Air Heating and Cooling System
- Window Unit Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 14-28.0-230-033
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,900 | $46,426 | $3,144 | $43,282 |
| 2023 | $3,749 | $42,406 | $2,872 | $39,534 |
| 2022 | $2,899 | $32,357 | $2,723 | $29,634 |
| 2021 | $2,803 | $31,145 | $2,621 | $28,524 |
| 2020 | $2,748 | $31,192 | $2,625 | $28,567 |
| 2019 | $1,902 | $21,919 | $2,616 | $19,303 |
| 2018 | $1,843 | $21,812 | $2,603 | $19,209 |
| 2017 | $1,805 | $21,530 | $2,569 | $18,961 |
| 2016 | $1,769 | $21,216 | $2,532 | $18,684 |
| 2015 | $1,752 | $20,963 | $2,502 | $18,461 |
| 2014 | $1,726 | $20,828 | $2,486 | $18,342 |
| 2013 | $1,688 | $20,828 | $2,486 | $18,342 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/18/2026 03/18/26 | For Sale | $150,000 | 0.0% | $55 / Sq Ft | |
| 07/16/2024 07/16/24 | Rented | $700 | 0.0% | -- | |
| 07/09/2024 07/09/24 | For Rent | $700 | 0.0% | -- | |
| 06/09/2023 06/09/23 | Sold | $121,500 | +5.7% | $50 / Sq Ft | View Prior Sale |
| 05/03/2023 05/03/23 | Pending | -- | -- | -- | |
| 05/01/2023 05/01/23 | For Sale | $114,900 | +18.5% | $48 / Sq Ft | |
| 09/30/2019 09/30/19 | Sold | $97,000 | -2.9% | $40 / Sq Ft | View Prior Sale |
| 08/19/2019 08/19/19 | Pending | -- | -- | -- | |
| 08/13/2019 08/13/19 | For Sale | $99,900 | 0.0% | $41 / Sq Ft | |
| 08/02/2019 08/02/19 | Pending | -- | -- | -- | |
| 07/16/2019 07/16/19 | For Sale | $99,900 | -- | $41 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $121,500 | None Listed On Document | |
| Warranty Deed | $97,000 | Wilke Beth | |
| Deed | $60,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $104,000 | New Conventional | |
| Previous Owner | $91,800 | New Conventional |
Source: RMLS Alliance
MLS Number: CA1042419
APN: 14-28.0-230-033
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.