13 days on rocket

Sale Pending

912 S 5th St, Springfield, IL, 62703

$490,000

Home List Price

$5,819*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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912 S 5th St, Springfield$490,000

Buyer Closing Credits

$5,819*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAlley Access
Year Built1930
HeatingBaseboard, Electric, Other
BasementYes
MLS #CA1028532
StatusSale Pending
(Pending (No Showings))

About 912 S 5th St

Discover a prime investment opportunity with this charming collection of eight townhouse-style units, constructed in 1930 and meticulously maintained to meet contemporary standards. Situated adjacent to the Springfield Clinic, this property benefits from a desirable location that promises consistent tenant interest. The current owner has invested thoughtfully in extensive upgrades to enhance tenant comfort and property value. Units feature brand-new exterior doors and windows that not only improve aesthetics but also increase energy efficiency. The addition of high-grade insulation, state-of-the-art hybrid water heater, and seven new mini-split heating and cooling systems ensure year-round comfort at a lower energy cost. High-efficiency wall-mounted heaters have been installed, alongside updated appliances, adding to the modern conveniences of each home. A newly installed laundry room with coin-operated machines offers additional revenue potential and convenience for residents. The meticulous attention to detail in maintaining and upgrading each aspect of the property makes it an exceptional choice for investors seeking a turnkey solution in a high-demand area. Please note that the current owner has opted to keep rents below market value due to long-standing relationships with tenants, presenting a significant upside potential for rent increases post-acquisition. Capitalize on the low turnover rate and high demand in this location.

Property Details

Property Features

Property Information:

  • Year Built: 1930

Listing Office:

  • Office Name: Springfield Real Estate, LLC
  • Office Phone: (217) 414-0373
  • Listing Agent: Greg Zessin

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Alley Access

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Other

School Info

Assigned Schools Information:

  • Springfield High School, Public District Grades 9-12
  • Benjamin Franklin Middle School, Public District Grades 6-8
  • Elizabeth Graham Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Head South on 5th St, on left after Lawrence

Price Information

Listing Price Info

Price Summary:

  • List Price: $490,000

Tax Information:

  • Annual Amount: $6,210
  • Tax Year: 2020
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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

$155.7K

Med. Price/SqFt

$100

Avg. Days On Market

22

# of Sold Homes

143

912 S 5th St vs Springfield

13 DAYS ON ROCKET

-9 Days

$490,000

+$334.2K More

KEY TAKEAWAY

This property is $334.2K 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: #CA1028532

Listing Office:

  • Office Name: Springfield Real Estate, LLC
  • Office Phone: (217) 414-0373
  • Listing Agent: Greg Zessin

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: 4/29/2024, 2:20:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 01, 2019Home Sold
$268,000
Jun 10, 2016Home Sold
$212,500
Aug 31, 2011Home Sold
$190,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,210$70,493
2019$5,523$70,247
2018$5,523$65,371
2017$5,409$64,525

History based on county public records data.

Payment Calculator

$2,513

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,536

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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.

Elementary School

school-card-donut-3150992
2
/10

  • Elizabeth Graham Elementary School

  • 900 W Edwards St

  • 0.96 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3150993
4
/10

  • Benjamin Franklin Middle School

  • 1200 Outer Park Dr

  • 1.75 miles

  • Public District Grades 6-8

High School

school-card-donut-3150994
5
/10

  • Springfield High School

  • 101 S Lewis St

  • 0.88 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 $18,649. Residents of Springfield, IL typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Sangamon County›Springfield›62703›912 S 5th St

This home is located at 912 S 5th St in Springfield, IL and zip code 62703 in the Old Aristocracy Hill neighborhood. This home was built in 1930. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $490,000.

Over 45 listings were sold over their listed price in March 2024 in Springfield, IL. In the same period over 71 listings were sold below the listed price and 27 listings were sold for the listed price. The inventory of homes for sale in Springfield, IL between February 2024 and March 2024 increased by 18.9%. In March 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $155,769.

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

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