$100,000
SOLD OCT 6, 2025

1616 S 7th St Springfield, IL 62703

Iles Park Neighborhood
8 Beds
-- Bath
2,664 Sq Ft
1910 Built

Recently Sold

$38 Per Sq Ft

5% Below List Price

0 Day on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 5-minute walk to Washington Park

About This Home

As of October 2025

Affordable all brick 4-plex. Good location and condition just one block south of South Grand and only blocks from several state buildings, Springfield Clinic, and downtown Springfield. Each unit has 2 bed, 1 bath, living room and a kitchen. Each unit is metered separately for electricity and tenant pays their own heating and cooling. Owner ONLY pays for refuse, lawn/snow, common electric, all water/sewer, and gas/electric for water heaters. NEW ROOF in 2016! There are two newer gas and two newer electric water heaters located in the clean/spacious basement. There have been a variety of updates including some newer: plumbing, electrical, flooring, fixtures, paint, insulation, window units, fridges. All NEW WINDOWS in 2023!

Last Agent to Sell the Property

John Kerstein

Keller Williams Capital Brokerage Phone: 217-553-4368 License #471019366 Listed on: 09/12/2025

Keller Williams Capital

Last Buyer's Agent

CAROLIN FAULKNER

Keller Williams Capital License #475140262

Keller Williams Capital

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,630

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 40x152
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 8 Bedrooms
  • 2,664 Sq Ft Home
  • Unfinished Basement
  • Partial Basement

Schools

  • Springfield District #186 High School

Utilities

  • Baseboard Heating
  • Gas Water Heater

Community Details

  • Trash Expense $660

Listing and Financial Details

  • Assessor Parcel Number 22030109005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,630

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1910
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Two or More Story
  • Attribution Contact: Mobl: 217-553-4368
  • Special Features: None

Interior Features

  • Basement: Partial, Unfinished
  • Total Bedrooms: 8

Exterior Features

  • Lot Features: Level
  • Construction Type: Brick
  • Roof: Rubber
  • 100YearPlain: No

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Baseboard, Electric, Electric Water Heater, Gas Water Heater
  • Water Source: Public Sewer, Public
  • GasExpense: 833

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 660
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 40X152
  • Parcel #: 22030109005

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3630.1
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2025
Closed on
Sep 10, 2025
Sold by
A & A Home Solutions Llc
Bought by
Mrnw Llc
Seller's Agent
John Kerstein
Keller Williams Capital
Buyer's Agent
CAROLIN FAULKNER
Keller Williams Capital
List Price
$104,900
Sold Price
$100,000
Premium/Discount to List
-$4,900
-4.67%
Views
2
Current Estimated Value
$105,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,490
Avg. Annual Appreciation
23.84%
Original Mortgage
$100,000
Outstanding Balance
$99,911
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$5,579

Purchase Details

Listed on
Apr 7, 2020
Closed on
May 17, 2020
Sold by
Saad Ahmed
Bought by
A & A Home Solutions Llc
Seller's Agent
Mike Buscher
The Real Estate Group, Inc.
Buyer's Agent
CAROLIN FAULKNER
Keller Williams Capital
List Price
$114,900
Sold Price
$114,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.55%
Original Mortgage
$91,920
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2011

Purchase Details

Closed on
Aug 26, 2011

Purchase Details

Closed on
Dec 15, 2009

Purchase Details

Closed on
Mar 19, 2009

Purchase Details

Closed on
Nov 22, 2005

Purchase Details

Closed on
Aug 9, 1996

Purchase Details

Closed on
Sep 15, 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 Type Sale Price Title Company
Warranty Deed $100,000 None Listed On Document
Warranty Deed $114,900 Cornerstone Title
Deed -- --
Deed $12,500 --
Deed -- --
Deed -- --
Deed $110,000 --
Deed $75,000 --
Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Previous Owner $91,920 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2025 10/06/25 Sold $100,000 -4.7% $38 / Sq Ft
09/12/2025 09/12/25 Pending -- -- --
09/12/2025 09/12/25 For Sale $104,900 -8.7% $39 / Sq Ft
05/22/2020 05/22/20 Sold $114,900 0.0% $43 / Sq Ft View Prior Sale
04/16/2020 04/16/20 Pending -- -- --
04/07/2020 04/07/20 For Sale $114,900 +64.1% $43 / Sq Ft
09/01/2017 09/01/17 Sold $70,000 -40.4% $26 / Sq Ft View Prior Sale
07/19/2017 07/19/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $117,500 -- $44 / 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 $3,630 $43,218 $4,599 $38,619
2023 $3,490 $39,476 $4,201 $35,275
2022 $3,356 $37,446 $3,985 $33,461
2021 $2,482 $27,570 $3,836 $23,734
2020 $1,923 $21,832 $3,842 $17,990
2019 $1,887 $21,756 $3,829 $17,927
2018 $2,027 $23,989 $3,806 $20,183
2017 $1,782 $21,260 $3,757 $17,503
2016 $1,747 $20,950 $3,702 $17,248
2015 $1,730 $20,700 $3,658 $17,042
2014 $1,704 $20,566 $3,634 $16,932
2013 $1,666 $20,566 $3,634 $16,932
Source: Public Records

Agents Affiliated with this Home

  • John Kerstein

    Seller's Agent in 2025

    John Kerstein

    Keller Williams Capital

    (217) 553-4368

    2 in this area

    86 Total Sales

    John Kerstein
    Section Image
  • CAROLIN FAULKNER

    Buyer's Agent in 2025

    CAROLIN FAULKNER

    Keller Williams Capital

    (217) 725-6732

    1 in this area

    47 Total Sales

    CAROLIN FAULKNER
    Section Image
  • Mike Buscher

    Seller's Agent in 2020

    Mike Buscher

    The Real Estate Group, Inc.

    (217) 553-5958

    7 Total Sales

    Mike Buscher
    Section Image
  • TIMOTHY NESBITT

    Seller's Agent in 2017

    TIMOTHY NESBITT

    Capital City Property Mgt. LLC

    (217) 280-0121

    9 Total Sales

    TIMOTHY NESBITT
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1039196

RMLS Alliance

APN: 22-03.0-109-005

Illinois Sangamon County Springfield 62703 Iles Park

1616 S 7th St, Springfield, IL

Sold

MultiFamily

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