NOT LISTED FOR SALE

122 N Parker Ave Springfield, IL 62702

Vinegar Hill Neighborhood

Estimated Value: $627,143

4 Beds
-- Bath
7,800 Sq Ft
$80/Sq Ft Est. Value

Last Sold January 16, 2025

Last sale price $576,000 $74 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,701/month

29 Days on Market

Highlights

  • Guest Parking
  • Forced Air Heating System
  • Level Lot
  • Springfield High School Rated A-
  • High Speed Internet

About This Home

As of January 2025

Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.

Last Agent to Sell the Property

Jacque Combs

RE/MAX Professionals Brokerage Phone: 217-416-7995 License #475194287 Listed on: 05/30/2024

RE/MAX Professionals

Last Buyer's Agent

Dustin Walker

IN BETWEEN OFFICES License #471021632

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,888

Year Built

  • Built in 1985

Lot Details

  • Lot Dimensions are 120x160
  • Level Lot

Home Design

  • 7,800 Sq Ft Home
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 15 Parking Spaces
  • Parking Pad
  • Guest Parking

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Trash Expense $200

Listing and Financial Details

  • Tenant pays for gas & electric
  • Assessor Parcel Number 14-28.0-456-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,888

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1985
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: Mobl: 217-416-7995
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 4
  • Interior Amenities: Cable Available, High Speed Internet

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Guest Parking, Parking Pad
  • Total Parking Spaces: 15

Utilities

  • Heating: Electric, Forced Air, Central Air
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 12
  • NumberofRefrigerators: 12

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 200
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 120x160
  • Additional Parcels Description: 14-28.0-456-008 14-28.0-456-007
  • Parcel #: 14-28.0-456-009

Rental Info

  • Tenant Pays: Gas & Electric
  • Lease Term: 1 Year,Month-to-Month,Various Terms

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12887.62
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jan 14, 2025
Sold by
S Z Property Group Llc
Bought by
Tensley Properties Llc
Seller's Agent
Jacque Combs
RE/MAX Professionals
Buyer's Agent
Dustin Walker
IN BETWEEN OFFICES
List Price
$625,000
Sold Price
$576,000
Premium/Discount to List
-$49,000
-7.84%
Views
75
Current Estimated Value
$627,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,143
Avg. Annual Appreciation
8.44%

Purchase Details

Listed on
Mar 4, 2021
Closed on
Jul 6, 2021
Sold by
Level Three Properties Llc
Bought by
Sz Property Group Llc
Seller's Agent
Steve Contri
RE/MAX Professionals
Buyer's Agent
Kim Wenda
RE/MAX Professionals
List Price
$504,000
Sold Price
$498,000
Premium/Discount to List
-$6,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$373,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2010

Purchase Details

Closed on
Aug 1, 2002

Purchase Details

Closed on
Aug 1, 1994
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
Tensley Properties Llc $576,000 Illinois Real Estate Title
Tensley Properties Llc $576,000 Illinois Real Estate Title
Sz Property Group Llc $498,000 Illinois Real Estate Title
-- $480,000 --
-- $360,000 --
-- $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sz Property Group Llc $373,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2025 01/16/25 Sold $576,000 -4.0% $74 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/20/2024 06/20/24 Price Changed $599,900 -4.0% $77 / Sq Ft
05/30/2024 05/30/24 For Sale $625,000 +25.5% $80 / Sq Ft
07/06/2021 07/06/21 Sold $498,000 -0.4% $64 / Sq Ft View Prior Sale
05/20/2021 05/20/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $499,900 -0.8% $64 / Sq Ft
03/04/2021 03/04/21 For Sale $504,000 -- $65 / 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 $4,465 $53,155 $24,032 $29,123
2023 $4,293 $48,552 $21,951 $26,601
2022 $4,127 $46,055 $20,822 $25,233
2021 $3,990 $44,330 $20,042 $24,288
2020 $3,911 $44,396 $20,072 $24,324
2019 $3,838 $44,241 $20,002 $24,239
2018 $3,835 $45,383 $19,912 $25,471
2017 $3,755 $44,797 $19,655 $25,142
2016 $3,681 $44,143 $19,368 $24,775
2015 $3,646 $43,615 $19,136 $24,479
2014 $3,591 $43,333 $19,012 $24,321
2013 $3,651 $45,066 $19,011 $26,055
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jacque Combs

    RE/MAX Professionals

    2 in this area

    80 Total Sales

    Jacque Combs
    Section Image

  • D

    Buyer's Agent in 2025

    Dustin Walker

    IN BETWEEN OFFICES

    Section Image
  • Steve Contri

    Seller's Agent in 2021

    Steve Contri

    RE/MAX Professionals

    (217) 652-9390

    2 in this area

    115 Total Sales

    Steve Contri
    Section Image
  • Kim Wenda

    Buyer's Agent in 2021

    Kim Wenda

    RE/MAX Professionals

    (217) 341-3555

    3 in this area

    509 Total Sales

    Kim Wenda
    Section Image
See All Agents

Map

Source: RMLS Alliance

MLS Number: CA1029479

RMLS Alliance

APN: 14-28.0-456-009

Illinois Sangamon County Springfield 62702 Vinegar Hill

122 N Parker Ave, Springfield, IL

Not Listed for Sale

MultiFamily

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