Seller's Agent in 2024
Kyle Killebrew
The Real Estate Group, Inc.
(217) 321-8210
29 in this area
1,982 Total Sales
506 S Walnut St Springfield, IL 62704
Vinegar Hill NeighborhoodEstimated Value: $156,000 - $190,000
--
Bed
--
Bath
3,236
Sq Ft
$54/Sq Ft
Est. Value
Highlights
- Two Heating Systems
- Fenced
- Level Lot
- Springfield High School Rated A-
About This Home
As of November 2024This four-unit investment property in the heart of Springfield offers strong income potential and a prime location near the medical district, downtown, and state buildings—perfect for attracting renters from these communities. The property consists of one main floor unit, two second-floor units, and a fourth unit on the finished third floor, each featuring 2 bedrooms, 1 bath, and a formal living space. Tenants pay for gas and electric (separately metered), while the landlord covers water and trash. The first-floor unit currently rents for $830/month on a month-to-month lease. Two of the three furnaces are new within the last five years, with central air in the first and third floors, and window AC on the second floor. The roof is approximately 7-8 years old. The property includes one parking space in front and additional parking in the back. Whether you’re looking to maximize rental income or live in one unit while renting out the others, this well-maintained property in a desirable area presents a fantastic investment opportunity.
Last Agent to Sell the Property
The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 08/21/2024
Last Buyer's Agent
The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 08/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,533
Year Built
- Built in 1923
Lot Details
- Lot Dimensions are 228 x 42
- Fenced
- Level Lot
Home Design
- Brick Foundation
- Shingle Roof
Interior Spaces
- 3,236 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Alley Access
Schools
- Springfield District #186 High School
Utilities
- Two Heating Systems
- Forced Air Heating System
- Window Unit Heating System
- Heating System Uses Gas
- Cable TV Available
Listing and Financial Details
- Tenant pays for gas & electric
- Assessor Parcel Number 14-33.0-251-009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2024
Closed on
Nov 27, 2024
Sold by
Blount Jerry W and Blount Yvonne A
Bought by
Sec Properties Llc
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$182,500
Sold Price
$165,000
Premium/Discount to List
-$17,500
-9.59%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,667
Avg. Annual Appreciation
5.31%
Purchase Details
Closed on
Mar 20, 2002
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sec Properties Llc | $165,000 | None Listed On Document | |
| Sec Properties Llc | $165,000 | None Listed On Document | |
| -- | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2024 11/27/24 | Sold | $165,000 | -9.6% | $51 / Sq Ft |
| 11/09/2024 11/09/24 | Pending | -- | -- | -- |
| 09/13/2024 09/13/24 | For Sale | $182,500 | 0.0% | $56 / Sq Ft |
| 08/27/2024 08/27/24 | Pending | -- | -- | -- |
| 08/21/2024 08/21/24 | For Sale | $182,500 | -- | $56 / Sq Ft |
Source: RMLS Alliance
Tax History Compared to Growth
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 | $2,634 | $31,362 | $14,428 | $16,934 |
| 2023 | $2,533 | $28,647 | $13,179 | $15,468 |
| 2022 | $2,435 | $27,174 | $12,501 | $14,673 |
| 2021 | $2,354 | $26,157 | $12,033 | $14,124 |
| 2020 | $2,308 | $26,196 | $12,051 | $14,145 |
| 2019 | $2,265 | $26,105 | $12,009 | $14,096 |
| 2018 | $2,350 | $27,809 | $11,940 | $15,869 |
| 2017 | $2,301 | $27,450 | $11,786 | $15,664 |
| 2016 | $2,256 | $27,050 | $11,614 | $15,436 |
| 2015 | $2,234 | $26,726 | $11,475 | $15,251 |
| 2014 | $2,201 | $26,554 | $11,401 | $15,153 |
| 2013 | $2,151 | $26,554 | $11,401 | $15,153 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Killebrew
Map
Source: RMLS Alliance
MLS Number: CA1031314
APN: 14-33.0-251-009
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.
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.
Nearby Homes
- 631 W Edwards St
- 447 W Cook St
- 620 W Lawrence Ave
- 811 W Governor St
- 831 S Henrietta St
- 318 S State St
- 926 W Governor St
- 909 S Walnut St
- 1021 W Monroe St
- 342 S Douglas Ave
- 108 S Macarthur Blvd
- 700 W Jefferson St
- 812 S Illinois St
- 830 W Jefferson St
- 545 S Lincoln Ave
- 1020 S Macarthur Blvd
- 1001 S 1st St
- 1211 W Lawrence Ave
- 524 W Vine St
- 1125 Williams Blvd
- 506 S Walnut St Unit B
- 506 S Walnut St
- 506 S Walnut St Unit C
- 508 S Walnut St
- 504 S Walnut St
- 510 S Walnut St
- 412 S Walnut St
- 522 S Walnut St
- 422 S Walnut St
- 502 S Walnut St
- 526 S Walnut St
- 418 S Walnut St
- 410 S Walnut St
- 530 S Walnut St
- 509 S Walnut St
- 406 S Walnut St
- 519 S Walnut St
- 411 S Walnut St
- 404 S Walnut St
- 705 W Governor St