NOT LISTED FOR SALE

404 W Washington St Springfield, IL 62702

Vinegar Hill Neighborhood

Estimated Value: $126,000 - $176,000

Studio
-- Bath
2,342 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $120,000 $51 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,041/month

1 Day on Market

Highlights

  • Forced Air Heating System
  • Springfield High School Rated A-
  • Level Lot

About This Home

As of May 2023

If you're looking for an investment property in downtown Springfield, Illinois, this duplex at 404 West Washington is a great option. This property is in a prime location, with easy access to local shops, restaurants, and other amenities. The upper level of the duplex features four bedrooms and one bathroom, and was previously rented for $1388 per month. Currently, the unit is vacant, which presents a unique opportunity for the new owner to set their own rental rates and find a new tenant. The lower level unit is currently occupied and rents for $475 per month, providing a steady source of rental income. As the owner, you'll be responsible for paying for water, garbage, and mowing, making this property an easy and low-maintenance investment. The property also boasts a charming exterior with a covered porch and plenty of curb appeal. Overall, this duplex at 404 West Washington is a great investment opportunity in a desirable location with strong rental potential. Whether you're a seasoned investor or just starting out, this property is definitely worth considering. Don't miss out on your chance to own a valuable asset in the heart of downtown Springfield.

Last Agent to Sell the Property

Jerry George

The Real Estate Group, Inc. License #475159363 Listed on: 03/17/2023

The Real Estate Group, Inc.

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. License #475159363 Listed on: 03/17/2023

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,261

Lot Details

  • Lot Dimensions are 116x40
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,342 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating System
  • Window Unit Heating System
  • Heating System Uses Gas

Community Details

  • Trash Expense $24

Listing and Financial Details

  • Assessor Parcel Number 14-33.0-203-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,261

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • New Construction: No
  • Structure Type: Two or More Story
  • Age55PlusDevelopment: No
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished

Exterior Features

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

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air, Gas, Central Air, Window Unit(s)
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 2
  • NumberofRefrigerators: 2
  • NumberOfWashers: 0
  • NumberOfDryers: 0
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 1

Fee Information

  • Trash Expense: 24
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 116x40
  • Parcel #: 14-33.0-203-007

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1260.94
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
May 22, 2023
Sold by
Acm Property Group Llc
Bought by
Akinsipe Tes
Seller's Agent
Jerry George
The Real Estate Group, Inc.
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Views
8
Current Estimated Value
$141,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,714
Avg. Annual Appreciation
7.13%
Original Mortgage
$90,000
Outstanding Balance
$88,013
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$56,598

Purchase Details

Listed on
Oct 5, 2020
Closed on
May 10, 2021
Sold by
Herman C Curtis Revocable Living Trust
Bought by
Acm Property Group Llc
Seller's Agent
KAYE BRITTIN
RE/MAX Professionals
Buyer's Agent
Jerry George
The Real Estate Group, Inc.
List Price
$88,000
Sold Price
$85,000
Premium/Discount to List
-$3,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.62%
Original Mortgage
$68,000
Interest Rate
4.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2006

Purchase Details

Closed on
Jan 25, 2002

Purchase Details

Closed on
Jun 8, 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
Akinsipe Tes $120,000 None Listed On Document
Acm Property Group Llc $85,000 Illinois Real Estate Title
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinsipe Tes $90,000
Previous Owner Acm Property Group Llc $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2023 05/16/23 Sold $120,000 -7.7% $51 / Sq Ft
03/18/2023 03/18/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $130,000 +52.9% $56 / Sq Ft
05/10/2021 05/10/21 Sold $85,000 -3.4% $36 / Sq Ft View Prior Sale
04/14/2021 04/14/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $88,000 +3.5% $38 / Sq Ft
04/06/2021 04/06/21 Off Market $85,000 -- --
04/05/2021 04/05/21 Price Changed $88,000 -2.2% $38 / Sq Ft
11/10/2020 11/10/20 Price Changed $90,000 -5.3% $38 / Sq Ft
10/05/2020 10/05/20 For Sale $95,000 -- $41 / 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 $3,658 $43,551 $4,052 $39,499
2023 $3,517 $39,780 $3,701 $36,079
2022 $2,631 $29,358 $3,510 $25,848
2021 $1,261 $20,009 $3,379 $16,630
2020 $1,136 $18,898 $3,384 $15,514
2019 $1,113 $18,832 $3,372 $15,460
2018 $1,247 $20,761 $3,356 $17,405
2017 $1,215 $20,493 $3,313 $17,180
2016 $1,184 $20,194 $3,265 $16,929
2015 $1,166 $19,953 $3,226 $16,727
2014 $1,146 $19,824 $3,205 $16,619
2013 $1,120 $19,824 $3,205 $16,619
Source: Public Records

Agents Affiliated with this Home

  • Jerry George

    Seller's Agent in 2023

    Jerry George

    The Real Estate Group, Inc.

    (217) 638-1360

    18 in this area

    894 Total Sales

    Jerry George
    Section Image
  • KAYE BRITTIN

    Seller's Agent in 2021

    KAYE BRITTIN

    RE/MAX Professionals

    (217) 899-5099

    1 in this area

    81 Total Sales

    KAYE BRITTIN
    Section Image
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Map

Source: RMLS Alliance

MLS Number: CA1021039

RMLS Alliance

APN: 14-33.0-203-007

Illinois Sangamon County Springfield 62701 Vinegar Hill

404 W Washington St, Springfield, IL

Not Listed for Sale

MultiFamily

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