Attention Investors! Check out this 6 unit apartment building in the heart of downtown Springfield. This is a great location convenient to the hospitals, all of the state office buildings, shopping, restaurants, and right across from Springfield High! This includes 4 2 bedroom units and 2 1 bedroom units. All units are currently occupied with excellent rental history. Owner pays for water ($225/mo avg), trash ($ /mo avg). Showings are available for pre-approved buyers with a 24 hour notice.
Property Details
Property Features
Property Information:
Year Built: 1968
Listing Office:
Office Name: RE/MAX Professionals
Office Phone: (217) 416-7995
Listing Agent: Jacque Combs
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: On Street, Parking Pad
Lot Features
Lot Information:
Lot: Level
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas, Central
School Info
Assigned Schools Information:
Springfield High School, Public District Grades 9-12
U S Grant Middle School, Public District Grades 6-8
Elizabeth Graham Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Veterans Pkwy to Monroe, Left on S Parker
Price Information
Listing Price Info
Price Summary:
List Price: $319,900
Tax Information:
Annual Amount: $5,528
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Springfield, IL.
This property is $164.1K 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: #CA1027298
Listing Office:
Office Name: RE/MAX Professionals
Office Phone: (217) 416-7995
Listing Agent: Jacque Combs
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,664
Per Month
Principal & Interest
$1,597
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,026
Powered By
Advertisement
NMLS#3030
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.
Elementary School
2
/10
Elizabeth Graham Elementary School
900 W Edwards St
Distance between this listing and this school0.40 miles
Public District Grades PK-5
Middle School
3
/10
U S Grant Middle School
1800 W Monroe St
Distance between this listing and this school1.12 miles
Public District Grades 6-8
High School
5
/10
Springfield High School
101 S Lewis St
Distance between this listing and this school0.07 miles
Public District Grades 9-12
Assigned Schools
2
/10
Elizabeth Graham Elementary School
900 W Edwards St
Distance between this listing and this school0.40 miles
Public District Grades PK-5
Nearby Schools
6
/10
Dubois Elementary School
120 S Lincoln Ave
Distance between this listing and this school0.54 miles
Public District Grades KG-5
5
/10
Enos Elementary School
524 W Elliott Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Assigned Schools
3
/10
U S Grant Middle School
1800 W Monroe St
Distance between this listing and this school1.12 miles
Public District Grades 6-8
Nearby Schools
8
/10
Lincoln Magnet School
300 S 11th St
Distance between this listing and this school1.17 miles
Public Magnet Grades 6-8
8
/10
Iles Elementary School
1700 S 15th St
Distance between this listing and this school1.86 miles
Public Magnet Grades 1-8
Assigned Schools
5
/10
Springfield High School
101 S Lewis St
Distance between this listing and this school0.07 miles
Public District Grades 9-12
Nearby Schools
1
/10
Lanphier High School
1300 N 11th St
Distance between this listing and this school1.71 miles
Public District Grades 9-12
2
/10
Springfield Southeast High School
2350 E Ash St
Distance between this listing and this school2.66 miles
The neighbors living near this home have an average income of $33,375. The majority of Springfield, IL residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
This home is located at 205 S Parker Ave in Springfield, IL and zip code 62704 in the Vinegar Hill neighborhood. This home was built in 1968. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $319,900.
While more than 45 listings in Springfield, IL in March 2024 were sold above asking price, there were more than 27 listings sold at asking price, and more than 71 were sold below. In March 2024 in Springfield, IL there were 18.9% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $155,769, while the average time on the real estate market was 22 days.
From Rocket Homes Real Estate and based on county public records data.