NOT LISTED FOR SALE

611 W Springfield Ave Champaign, IL 61820

Clark Neighborhood

Estimated Value: $138,000 - $244,000

8 Beds
4 Baths
1,368 Sq Ft
$140/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $110,000 $80 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,418/month

365 Days on Market

About This Home

As of April 2023

Calling all investors! Here is the opportunity to own a multi-unit investment property on Springfield Avenue, close to downtown Champaign! Unit 1, on the first floor, has three bedrooms and two full baths, and rents for $1000 per month, renter pays their own electricity. The second floor consists of three bedrooms that share a common kitchen and bath, currently rented to long term renters with per room rents averaging $450 per room. The third floor studio in the finished attic has its own bath, but shares the kitchen on the second floor and has rented for $475. The garden level Unit 6 is a stand-alone one bedroom with egress window, one bath and kitchen apartment, needs renovation and is metered separately for electric. Owner pays natural gas, radiant heat, water and sewer. Priced to sell in AS-IS condition. Be sure to check this one out and add to your portfolio!

Last Agent to Sell the Property

Joe Zalabak

KELLER WILLIAMS-TREC License #475151471 Listed on: 03/26/2022

KELLER WILLIAMS-TREC

Last Buyer's Agent

Deana Gauze

Coldwell Banker R.E. Group License #475130670

Coldwell Banker R.E. Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,883

Year Built

  • Built in 1908

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 3-Story Property
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $150
  • Water Sewer Expense $1,900
  • Operating Expense $4,250
  • Gross Income $39,960
  • Net Operating Income $30,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,883

Year Built

Built in 1908

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1908
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOT 1 BLOCK 1 CLARK'S, J.G., SUB
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Room: 0

Exterior Features

  • Foundation Details: Brick/Mortar
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Forced Air

Fee Information

  • Trash Expense: 150
  • Water Sewer Expenses: 1900

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 60X132
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 22
  • Tenancy Type: Month To Month,1 or More Vacant

Multi Family

  • Net Operating Income: 30904
  • Fuel Expense: 1200
  • Insurance Expense: 1000
  • ElectricExpense: 1200
  • GrossIncome: 39960
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 4250
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 4883.36
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2022
Closed on
Apr 28, 2023
Sold by
Klatt George W
Bought by
Seechurn Bhameswarlall and Seechurn Valentina
Seller's Agent
Joe Zalabak
KELLER WILLIAMS-TREC
Buyer's Agent
Deana Gauze
Coldwell Banker R.E. Group
List Price
$235,000
Sold Price
$110,000
Premium/Discount to List
-$125,000
-53.19%
Views
450
Current Estimated Value
$191,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,000
Avg. Annual Appreciation
21.70%
Original Mortgage
$762,956
Outstanding Balance
$741,857
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
-$550,857
Source: Public Records
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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
Seechurn Bhameswarlall $110,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seechurn Bhameswarlall $762,956
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $110,000 -26.7% $80 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
10/12/2022 10/12/22 Price Changed $150,000 -3.2% $110 / Sq Ft
07/06/2022 07/06/22 Price Changed $155,000 -11.4% $113 / Sq Ft
06/08/2022 06/08/22 Price Changed $175,000 -12.1% $128 / Sq Ft
05/09/2022 05/09/22 Price Changed $199,000 -11.6% $145 / Sq Ft
04/13/2022 04/13/22 Price Changed $225,000 -4.3% $164 / Sq Ft
03/27/2022 03/27/22 For Sale $235,000 -- $172 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $5,202 $63,330 $16,060 $47,270
2023 $5,202 $57,680 $14,630 $43,050
2022 $4,893 $53,210 $13,500 $39,710
2021 $4,776 $52,170 $13,240 $38,930
2020 $4,599 $50,160 $12,730 $37,430
2019 $4,451 $49,130 $12,470 $36,660
Source: Public Records

Agents Affiliated with this Home

  • Joe Zalabak

    Seller's Agent in 2023

    Joe Zalabak

    KELLER WILLIAMS-TREC

    (217) 721-5855

    11 in this area

    377 Total Sales

    Joe Zalabak
    Section Image
  • Deana Gauze

    Buyer's Agent in 2023

    Deana Gauze

    Coldwell Banker R.E. Group

    (217) 202-3492

    3 in this area

    168 Total Sales

    Deana Gauze
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11358128

Midwest Real Estate Data (MRED)

APN: 43-20-13-126-006

Illinois Champaign County Champaign 61820 Clark

611 W Springfield Ave, Champaign, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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