NOT LISTED FOR SALE

3400 Gaines Mill Rd Springfield, IL 62704

Springfield Area

Estimated Value: $469,000

Studio
-- Bath
5,520 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2023

Last sale price $425,000 $77 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,652 / mo

45 Days on Market

Highlights

  • Forced Air Heating System
  • Electric Air Filter
  • Level Lot

About This Home

As of September 2023

8 RENTED units in this excellent building currently generating over 6k in rental income per month! Four 2BR/1BA and four 1BR/1BA units in a well kept building that includes the vacant lot next door. Parking lot behind building for assigned tenant parking. Variable lease terms. Expenses available. No sign on property, do not disturb tenants.

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 04/06/2023

The Real Estate Group, Inc.

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 04/06/2023

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,793

Year Built

  • Built in 1992

Lot Details

  • Lot Dimensions are 90 x 180
  • Level Lot

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,520 Sq Ft Home
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Assigned Parking

Schools

  • Springfield District #186 High School

Utilities

  • Electric Air Filter
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 22-08.0-378-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,793

Year Built

Built in 1992

Lot Details

0.36 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1992
  • New Construction: No
  • Structure Type: Apartment Building
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Lot Features: Extra Lot, Level
  • Road Surface Type: Paved
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 8

Utilities

  • Heating: Electronic Air Filter, Forced Air, Central Air
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 8
  • NumberOfWindowUnits: 0

Fee Information

  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 90 x 180
  • Additional Parcels Description: 22-08.0-378-008
  • Parcel #: 22-08.0-378-007

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Variable

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8793
  • TaxExemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Sep 19, 2023
Sold by
Bought by
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%
Views
62
Current Estimated Value
$469,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,000
Original Mortgage
$340,000
Interest Rate
0.069%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,915
Interest Rate
0.0314%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 1995
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 None Listed On Document
$350,000 Barber Segatto Hoffee Wilke &
$290,000 Cornerstone Title
$237,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $340,000
Previous Owner $560,915
Previous Owner $246,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/14/2023 09/14/23 Sold $425,000 -5.5% $77 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $449,900 0.0% $82 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $449,900 -- $82 / Sq Ft
Source: RMLS Alliance

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,244 $15,366 $15,366 $0
2024 $1,204 $14,331 $14,331 $0
2023 $1,157 $13,090 $13,090 $0
2022 $1,113 $12,417 $12,417 $0
2021 $1,076 $11,952 $11,952 $0
2020 $1,054 $11,970 $11,970 $0
2019 $1,035 $11,928 $11,928 $0
2018 $1,004 $11,885 $11,885 $0
2017 $983 $11,731 $11,731 $0
2016 $964 $11,560 $11,560 $0
2015 $955 $11,422 $11,422 $0
2014 $940 $11,348 $11,348 $0
2013 $919 $11,348 $11,348 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1021393

RMLS Alliance

APN: 22-08.0-378-007

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