$410,000
SOLD MAY 30, 2025

608 S New Springfield, IL 62704

Vinegar Hill Neighborhood
4 Beds
-- Bath
3,520 Sq Ft
1937 Built

Recently Sold

$116 Per Sq Ft

4% Below List Price

8 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • Wood Siding
  • Springfield High School Rated A-

About This Home

As of May 2025

This rare investment opportunity offers both immediate income & significant upside potential. Complex features 7 apartment units in a quiet, convenient setting right in the heart of downtown. There's strong tenant appeal with five of the seven units featuring spacious private balconies and all units offering attractive amenities like large windows (some with stunning views), built-in cabinetry, generous closets & efficient layouts. Tenants enjoy mature landscaping, a convenient, common laundry area and modest yet functional floor plans that promote long-term tenancy. The top floor unit is an expansive 1BR penthouse style suite with a jetted tub, separate shower and a private balcony boasting exceptional views which makes it ideal for a premium long-term tenant or a high-performing vacation unit. In 2024, the sewer line from the building to the city main was fully upgraded with new PVC piping. This central location is ideal for commuters and remote workers alike in a high-demand rental area that's within walking distance to government offices, state agencies and many major medical employers.

Last Agent to Sell the Property

Kyle Killebrew

The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 03/24/2025

The Real Estate Group, Inc.

Last Buyer's Agent

Kyle Killebrew

The Real Estate Group, Inc. Brokerage Phone: 217-741-4040 License #475109198 Listed on: 03/24/2025

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,490

Year Built

  • Built in 1937

Lot Details

  • Lot Dimensions are 94 x 80
  • Level Lot

Home Design

  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4 Bedrooms
  • 3,520 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 7 Parking Spaces
  • Assigned Parking

Schools

  • Springfield District #186 High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • Trash Expense $900

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 14330254002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,490

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1937
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: Mobl: 217-741-4040
  • Special Features: None

Interior Features

  • Basement: Full
  • Total Bedrooms: 4
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Road Surface Type: Paved
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 7

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Laundry Features: Common Area
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 7
  • NumberofRefrigerators: 7
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfDishwashers: 7
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 980

Fee Information

  • Trash Expense: 900
  • AdvertisingExpense: 0
  • OtherExp1Description: Security

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size: 94 x 80
  • Parcel #: 14330254002

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Variable

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5490.32
  • TaxExemptions: None

Multi Family

  • Resident Manager Expense: 4320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
May 30, 2025
Sold by
Whistle Pig Il Llc
Bought by
Freestyle Properties Of Springfield Llc
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Views
23
Current Estimated Value
$407,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,673
Avg. Annual Appreciation
-1.25%
Original Mortgage
$336,000
Outstanding Balance
$335,137
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$72,190

Purchase Details

Closed on
Dec 18, 2023
Sold by
Carlson Lawrence R
Bought by
Whistle Pig Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,424
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2023
Sold by
Carlson Nancy Luann
Bought by
Carlson Lawrence R

Purchase Details

Closed on
Jun 20, 2008

Purchase Details

Closed on
Jul 2, 2003
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 Type Sale Price Title Company
Warranty Deed $410,000 None Listed On Document
Warranty Deed $344,500 None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $336,000 Credit Line Revolving
Previous Owner $99,424 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2025 05/30/25 Sold $410,000 +0.2% $116 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
03/31/2025 03/31/25 Price Changed $409,000 -3.8% $116 / Sq Ft
03/24/2025 03/24/25 For Sale $425,000 -- $121 / 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 $5,797 $69,013 $9,685 $59,328
2023 $5,490 $62,100 $8,846 $53,254
2022 $5,104 $56,963 $8,390 $48,573
2021 $4,935 $54,830 $8,076 $46,754
2020 $4,837 $54,912 $8,088 $46,824
2019 $4,747 $54,721 $8,060 $46,661
2018 $5,117 $60,556 $8,027 $52,529
2017 $5,011 $59,773 $7,923 $51,850
2016 $4,912 $58,901 $7,807 $51,094
2015 $4,865 $58,197 $7,714 $50,483
2014 $4,792 $57,821 $7,664 $50,157
2013 $4,685 $57,821 $7,664 $50,157
Source: Public Records

Agents Affiliated with this Home

  • Kyle Killebrew

    Seller's Agent in 2025

    Kyle Killebrew

    The Real Estate Group, Inc.

    (217) 321-8210

    29 in this area

    1,990 Total Sales

    Kyle Killebrew
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Map

Source: RMLS Alliance

MLS Number: CA1035238

RMLS Alliance

APN: 14-33.0-254-002

Illinois Sangamon County Springfield 62704 Vinegar Hill

608 S New, Springfield, IL

Sold

MultiFamily

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