13 days on rocket

405 N Daniel St Unit 201, 205, Springfield, IL, 62702

$260,000

Home List Price

$3,088*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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405 N Daniel St Unit 201, 205, Springfield$260,000

Buyer Closing Credits

$3,088*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, Other
Year Built1930
HeatingForced Air, Central
BasementYes
MLS #CA1028660
StatusActive

About 405 N Daniel St Unit 201, 205

Investors, seize the opportunity with this portfolio of four lucrative single-family homes! Each property boasts excellent rental potential, with two already occupied units, ready for a rent increase to align with current market rates. The first property offers a freshly updated 1BR & 1BA layout, easily convertible to 2BR, featuring a full basement, main level laundry hookups, off-street parking, and a charming backyard with shed & covered patio. The second and third properties, both 2BR/1BA, feature off-street parking, spacious backyards with sheds, and are either soon-to-be-vacant or currently rented below market value. Lastly, the fourth property presents a 2BR/1BA layout with a huge fenced yard and a detached 2-car garage, currently rented at a rate significantly below its income potential. Don't miss out on this rare opportunity to capitalize on under-rented units within a convenient block radius!

Property Details

Property Features

Property Information:

  • Year Built: 1930

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 741-4040
  • Listing Agent: Kyle Killebrew

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached, Other

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Forced Air, Central

School Info

Assigned Schools Information:

  • Lanphier High School, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: CLEARLAKE TO NORTH ON DANIEL (1 MORE BLOCK TO NORTH ON STEPHENS)

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
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Housing Market Comparison

See how this home compares to others in Springfield, IL.

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Springfield, IL

City

Med. Sold Price

$155.9K

Med. Price/SqFt

$100

Avg. Days On Market

12

# of Sold Homes

145

405 N Daniel St Unit 201, 205 vs Springfield

13 DAYS ON ROCKET

+1 Day

$260,000

+$104K More

KEY TAKEAWAY

This property is $104K more than the Median Sold Price in Springfield, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1028660

Listing Office:

  • Office Name: The Real Estate Group, Inc.
  • Office Phone: (217) 741-4040
  • Listing Agent: Kyle Killebrew

IDX Listings courtesy of RMLS Alliance as distributed by 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 4:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-5472508
2
/10

  • Washington Middle School

  • 2300 E Jackson St

  • 0.77 miles

  • Public District Grades 6-8

High School

school-card-donut-5472509
1
/10

  • Lanphier High School

  • 1300 N 11th St

  • 1.64 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,020. The most common annual income of people living in Springfield, IL is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Sangamon County›Springfield›62702›405 N Daniel St Unit 201, 205

This home is located at 405 N Daniel St Unit 201, 205 in Springfield, IL and zip code 62702. This home was built in 1930. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $260,000.

Springfield, IL housing market in April 2024 saw over 62 listings sold above listed price, more than 29 sold at listed price and over 54 sold below. The inventory of homes for sale in Springfield, IL between March 2024 and April 2024 increased by 10.2%. While the average time on the market in April 2024 was 12 days, the median list price was $155,921.

From Rocket Homes Real Estate and based on county public records data.

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