NOT LISTED FOR SALE

2851 Taylor Ave Springfield, IL 62703

Estimated Value: $443,128

Studio
2 Baths
8,500 Sq Ft
$52/Sq Ft Est. Value

Last Sold September 04, 2024

Last sale price $433,000 $51 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,054/month

27 Days on Market

Highlights

  • Guest Parking
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of September 2024

Here is a great opportunity to grab a well maintained 6 unit complex with SO MUCH VALUE TO ADD! Conveniently located to I55, south 6th street and Dirksen. This building has a full basement that could easily be finished into leasable storage space, or add two efficiency apartments with plumbing already in place! Bonus vacant land included, and this ~1.5 acre ground is the perfect space to expand the investment footprint. Build multiple additional complexes, or add storage units and maximize the possibilities! The current structure was completely updated in 2015 with all new wiring, plumbing, windows, roof and HVAC. Multiple units have seen cosmetic upgrades even since then, with fresh paint, fixtures, Luxury Vinyl Plank, etc. 4 of the 6 units are leased with extended commitments, one unit Month to month, and the 6th is primed for its next occupant who is actively being sought out. Don't miss the chance to add this property to your investment portfolio!

Last Agent to Sell the Property

Joshua Kruse

The Real Estate Group, Inc. Brokerage Phone: 217-787-7000 License #475144896 Listed on: 06/27/2024

The Real Estate Group, Inc.

Last Buyer's Agent

LISA HAGGERTY

Keller Williams Capital License #475138152

Keller Williams Capital

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,692

Year Built

  • Built in 1978

Lot Details

  • 2.1 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Poured Concrete
  • Shingle Roof
  • Rubber Roof
  • Wood Siding

Interior Spaces

  • 8,500 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 12 Parking Spaces
  • Guest Parking

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • Trash Expense $1,560

Listing and Financial Details

  • Tenant pays for electricity, gas & electric, gas, sewer, water
  • Assessor Parcel Number 22-11.0-251-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,692

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1978
  • New Construction: No
  • Structure Type: Two or More Story
  • Attribution Contact: Offc: 217-787-7000
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Accessibility Features: Handicap Access, Main Level Entry

Exterior Features

  • Lot Features: Extra Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Brick, Wood Siding
  • Foundation Details: Concrete, Poured Concrete
  • Roof: Rubber, Shingle
  • 100YearPlain: No

Garage/Parking

  • Parking Features: Guest Parking
  • Total Parking Spaces: 12

Utilities

  • Heating: Electric, Forced Air, Central Air, Electric Water Heater
  • Laundry Features: Units Hook-Ups
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 6
  • NumberofRefrigerators: 6
  • NumberOfDishwashers: 6

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Trash Expense: 1560
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size Acres: 2.1
  • Lot Size: 30,056 sq ft
  • Additional Parcels Description: 22-11.0-251-004 & 22-11.0-251-003
  • Parcel #: 22-11.0-251-005

Rental Info

  • Tenant Pays: Electricity, Gas & Electric, Gas, Sewer, Water
  • Lease Term: 1 Year,Various Terms

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8691.96
  • TaxExemptions: None

Multi Family

  • Resident Manager Expense: 4680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Aug 28, 2024
Sold by
2851Taylor Llc
Bought by
Om Srisai Investments Llc
Seller's Agent
Joshua Kruse
The Real Estate Group, Inc.
Buyer's Agent
LISA HAGGERTY
Keller Williams Capital
List Price
$449,900
Sold Price
$433,000
Premium/Discount to List
-$16,900
-3.76%
Views
75
Current Estimated Value
$443,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,128
Original Mortgage
$346,400
Outstanding Balance
$311,399
Interest Rate
6.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2023
Closed on
Jan 23, 2023
Sold by
Five Guys Rei Llc
Bought by
2851Taylor Llc
Seller's Agent
Joshua Kruse
The Real Estate Group, Inc.
Buyer's Agent
Joshua Kruse
The Real Estate Group, Inc.
List Price
$365,000
Sold Price
$365,000
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$90,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2022
Sold by
Messervy Rick Allen and Messervy Kathy Lee
Bought by
Five Guys Rei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2015

Purchase Details

Closed on
Aug 6, 2012

Purchase Details

Closed on
May 10, 2001

Purchase Details

Closed on
Apr 5, 1995

Purchase Details

Closed on
Feb 17, 1995
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Om Srisai Investments Llc $433,000 None Listed On Document
2851Taylor Llc $365,000 --
Five Guys Rei Llc $295,000 --
-- $200,000 --
-- -- --
-- $240,000 --
-- $360,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Om Srisai Investments Llc $346,400
Previous Owner 2851Taylor Llc $90,000
Previous Owner Five Guys Rei Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/04/2024 09/04/24 Sold $433,000 -3.8% $51 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $449,900 +23.3% $53 / Sq Ft
01/20/2023 01/20/23 Sold $365,000 0.0% $43 / Sq Ft View Prior Sale
01/07/2023 01/07/23 Pending -- -- --
01/07/2023 01/07/23 For Sale $365,000 -- $43 / 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 $9,041 $107,633 $17,055 $90,578
2023 $8,692 $98,313 $15,578 $82,735
2022 $5,936 $66,238 $14,777 $51,461
2021 $5,739 $63,758 $14,224 $49,534
2020 $5,625 $63,853 $14,245 $49,608
2019 $5,520 $63,630 $14,195 $49,435
2018 $5,899 $69,820 $14,168 $55,652
2017 $5,777 $68,917 $13,985 $54,932
2016 $5,664 $67,912 $13,781 $54,131
2015 $3,963 $47,408 $13,616 $33,792
2014 $3,433 $47,102 $13,528 $33,574
2013 $3,357 $41,432 $13,528 $27,904
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1030068

RMLS Alliance

APN: 22-11.0-251-005