NOT LISTED FOR SALE

545 S Douglas Ave Springfield, IL 62704

Historic West Side Neighborhood

Estimated Value: $290,595

4 Beds
4 Baths
3,900 Sq Ft
$75/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $240,000 $62 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,980/month

7 Days on Market

Highlights

  • Handicap Accessible
  • Accessible Hallway
  • Bath Modification
  • Springfield High School Rated A-

About This Home

As of December 2022

6 unit apartment building fully occupied and generating $45,000 in annual rents. This conversion income property is in a central Springfield location close to downtown with direct access to all areas in town. These units each have their own entrances & parking and 1 side of the 2 car detached garage is currently rented to unit 1 for $100/month while the owner occupies the other side for storage. Owner pays for gas, water and 1 of 5 electric meters while 5 units are responsible for their own electric.

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 11/22/2022

The Real Estate Group, Inc.

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. License #475109198 Listed on: 11/22/2022

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,055

Year Built

  • Built in 1924

Lot Details

  • 8,973

Basement

  • Partial Basement
  • Brick Basement
  • Crawl Space

Parking

  • Garage
  • Garage Door Opener

Accessible Home Design

  • Bath Modification
  • Accessible Hallway
  • Handicap Accessible

Schools

  • Springfield District #186 High School

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,055

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Residential Income
  • Style: 2+ Story | Other Style
  • Legal Description: S 72' E 124 3/4' L 5 Alex Starnes Sub Pt Sw Nw 33-16-5
  • Lvt Date: 11/28/2022
  • Year Built: 1924
  • Ada Features: Other Bath Modifications, Wide Doorways, Wide Hallways
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Garage Door Opener(s)
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number of Ranges: 6
  • Number Refrigerators: 6
  • Number Washers: 2
  • Basement: Crawl Space, Partial, Brick
  • Price Per Sq Ft: 61.54
  • Total Sq Ft: 3900

Exterior Features

  • Exterior: Aluminum Siding, Stucco, Steel Siding
  • Road Access: Curbs & Gutters, Paved
  • Roofing: Rubber

Garage/Parking

  • Garage Parking: Detached, Parking Slab, Assigned, Parking Garage
  • Number Parking Spaces: 6

Utilities

  • Heating Cooling: Baseboard, Electric, Gas, Hot Water, Water Heater - Electric, Water Heater - Gas, Wall Units, Window Units
  • Water Sewer: Public Sewer, Public Water
  • Electric Expense: 3600
  • Garbage Collection Exp: 780
  • Gas Expense: 4800
  • Water Sewer Expenses: 1980
  • Number Window Units: 9

Schools

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

Lot Info

  • Estimated Lot Size: 125 x 72
  • Lot Description: Corner, Level
  • Geo Subdivision: IL
  • Flood Plain: Unknown

Rental Info

  • Gross Annual Rent Income: 45000
  • Lease Information: Month-To-Month

Tax Info

  • Annual Taxes: 3055
  • Parcel Id Number Tax Id: 14-33.0-152-019
  • Tax Year: 2021

Multi Family

  • Total Number Units: 6
  • Gross Annual Income: 45000
  • Total Number Electric Meters: 5
  • Total Number Gas Meters: 1
  • Total Number Heating Units: 1
  • Total Number Water Heaters: 20
  • Total Number Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Dec 20, 2022
Sold by
Me And Hc Mcdonald Trust
Bought by
Ah Rentals Llc
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$229,900
Sold Price
$240,000
Premium/Discount to List
$10,100
4.39%
Views
31
Current Estimated Value
$290,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,595
Avg. Annual Appreciation
6.92%

Purchase Details

Closed on
Apr 20, 2006
Source: Public Records

Range of Values:

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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
Ah Rentals Llc $240,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $240,000 +4.4% $62 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/22/2022 11/22/22 For Sale $229,900 -- $59 / 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 $5,472 $65,146 $7,973 $57,173
2023 $5,261 $59,505 $7,283 $52,222
2022 $3,161 $35,270 $6,909 $28,361
2021 $3,056 $33,949 $6,650 $27,299
2020 $2,995 $34,000 $6,660 $27,340
2019 $2,939 $33,882 $6,637 $27,245
2018 $3,150 $37,276 $6,604 $30,672
2017 $3,084 $36,794 $6,519 $30,275
2016 $3,024 $36,257 $6,424 $29,833
2015 $2,994 $35,823 $6,347 $29,476
2014 $2,950 $35,592 $6,306 $29,286
2013 $2,884 $35,592 $6,306 $29,286
Source: Public Records

Agents Affiliated with this Home

  • Kyle Killebrew

    Seller's Agent in 2022

    Kyle Killebrew

    The Real Estate Group, Inc.

    (217) 321-8146

    88 in this area

    2,014 Total Sales

    Kyle Killebrew
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Map

Source: RMLS Alliance

MLS Number: RMACA1019347

RMLS Alliance

APN: 14-33.0-152-019

Illinois Sangamon County Springfield 62704 Historic West Side

545 S Douglas Ave, Springfield, IL

This home is located at 545 S Douglas Ave, Springfield, IL 62704 since 22 November 2022 and is currently estimated at $290,595, approximately $74 per square foot. This property was built in 1924. 545 S Douglas Ave is a home located in Sangamon County with nearby schools including Dubois Elementary School, U.S. Grant Middle School, and Springfield 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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