NOT LISTED FOR SALE

2110 Lexington Dr Springfield, IL 62704

Westchester Neighborhood

Estimated Value: $244,000 - $262,681

8 Beds
4 Baths
4,068 Sq Ft
$63/Sq Ft Est. Value

Last Sold October 08, 2020

Last sale price $192,000 $47 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,898/month

1 Day on Market

About This Home

As of October 2020

Fully leased 4-plex with stable rental and income history. rents have been raised steady yearly. All 4 units have been rehabbed over the last 8 years, and no capital repairs need to be made. Cash flow on day one! Every unit has a covered car port space with extra spaces on pad that don't block dumpster. Resident pays Electric and Gas. Landlord Pays Trash and Water as there is only one meter for the building. There is a house electric meter and gas meter for the laundry room. The laundry income basically helps cover that. The coin-op dryer is brand new. See attachment for better income/expense breakdown. All pictures are of unit #2, which is representative of all 4 of them. It's just the most resent one. Building is Broker Owned

Last Agent to Sell the Property

Grant Halloway

Sangamon Property Group, LLC License #471000876 Listed on: 08/17/2020

Last Buyer's Agent

Eric Pedigo

The Real Estate Group, Inc. License #475159677

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 1969

Lot Details

  • 0.52

Schools

  • Springfield District #186 High School

Listing and Financial Details

  • Tenant pays for gas & electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,243

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: Apartment Building
  • Legal Description: WESTCHESTER 8TH ADDN L 17
  • Lvt Date: 08/17/2020
  • Year Built: 1969
  • Senior Community: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 4
  • Number Dryers: 1
  • Number of Ranges: 4
  • Number Refrigerators: 4
  • Number Washers: 1
  • Basement: Slab
  • Price Per Sq Ft: 47.2
  • Total Sq Ft: 4068

Exterior Features

  • Exterior: Brick
  • Road Access: Paved
  • Roofing: Shingles

Garage/Parking

  • Garage Parking: Carport, On-Street Parking
  • Number Parking Spaces: 4

Utilities

  • Heating Cooling: Gas, Central Air
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 475
  • Garbage Collection Exp: 1000
  • Gas Expense: 736
  • Laundry Facilities: Common, Owned Equipment
  • Water Sewer Expenses: 1560

Schools

  • High School: Springfield District #186
  • High School: Springfield District #186

Lot Info

  • Estimated Lot Size: 19210 sq ft
  • Lot Description: Corner, Extra Lot
  • Zoning: R-3
  • Subdivision: Westchester
  • Geo Subdivision: IL

Rental Info

  • Tenant Pays: Gas & Electric
  • Gross Annual Rent Income: 28320
  • Lease Information: 1 Year

Tax Info

  • Annual Taxes: 5243
  • Parcel Id Number Tax Id: 22-18.0-227-005
  • Tax Year: 2019

Multi Family

  • Total Number Units: 4
  • Gross Annual Income: 29120
  • Total Number Central Air Units: 4
  • Total Number Electric Meters: 4
  • Total Number Gas Meters: 4
  • Total Number Heating Units: 4
  • Total Number Water Heaters: 5
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Oct 8, 2020
Sold by
Sangamon Property Group Llc
Bought by
Kdc Management Llc Series 2110
Seller's Agent
Grant Halloway
Sangamon Property Group, LLC
Buyer's Agent
Eric Pedigo
The Real Estate Group, Inc.
List Price
$199,999
Sold Price
$192,000
Premium/Discount to List
-$7,999
-4%
Current Estimated Value
$255,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,670
Avg. Annual Appreciation
5.65%
Original Mortgage
$144,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2012
Source: Public Records

Range of Values:

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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
Kdc Management Llc Series 2110 $192,000 Illinois Real Estate Title
-- $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kdc Management Llc Series 2110 $200,000
Closed Kdc Management Llc Series 2110 $144,000
Previous Owner Sangamon Property Group Llc $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2020 10/08/20 Sold $192,000 -4.0% $47 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $199,999 -- $49 / 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 $6,099 $72,608 $20,691 $51,917
2023 $5,863 $66,320 $18,899 $47,421
2022 $5,637 $62,910 $17,927 $44,983
2021 $5,451 $60,555 $17,256 $43,299
2020 $5,342 $60,646 $17,282 $43,364
2019 $5,243 $60,435 $17,222 $43,213
2018 $3,834 $45,381 $17,151 $28,230
2017 $3,755 $44,794 $16,929 $27,865
2016 $3,681 $44,141 $16,682 $27,459
2015 $3,646 $43,614 $16,483 $27,131
2014 $3,591 $43,333 $16,377 $26,956
2013 $5,090 $62,827 $16,376 $46,451
Source: Public Records

Agents Affiliated with this Home

  • Grant Halloway

    Seller's Agent in 2020

    Grant Halloway

    Sangamon Property Group, LLC

    (217) 483-1004

    1 in this area

    21 Total Sales

    Grant Halloway
    Section Image
  • Eric Pedigo

    Buyer's Agent in 2020

    Eric Pedigo

    The Real Estate Group, Inc.

    (217) 891-4049

    1 in this area

    141 Total Sales

    Eric Pedigo
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1001908

RMLS Alliance

APN: 22-18.0-227-005

Illinois Sangamon County Springfield 62704 Westchester

2110 Lexington Dr, Springfield, IL

This home is located at 2110 Lexington Dr, Springfield, IL 62704 since 17 August 2020 and is currently estimated at $255,670, approximately $62 per square foot. This property was built in 1969. 2110 Lexington Dr is a home located in Sangamon County with nearby schools including Sandburg Elementary School, Benjamin Franklin Middle School, and Springfield Southeast High School.

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 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.

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