6 months on rocket

922 N 5th St, Springfield, IL, 62702

$185,000

Home List Price

$2,197*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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922 N 5th St, Springfield$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1870
HeatingForced Air, Natural Gas
BasementYes
MLS #CA1025832
StatusActive

About 922 N 5th St

This great investment property with a strong ROI was under contract for over 2 months before the buyer couldn't come up with the cash needed to close. The previous list price reflected the roof being at the end of its life, although it does not leak. The new list price is reflective of the new roof to be installed soon. Property has been inspected with repairs made and has been through the appraisal process. Inspection available, being sold as reported. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5&6 rent for $580 each a month and Cottage #7 rents for $530 and Cottage #8 $580 a month. Rents include all utilities, making these units very desirable for tenants. Water & sewer expense is included in the electric amount (CWLP). Long term tenants: 4 years, 2-5year tenants and 8 years. All the units have a separate kitchen/bath area, kitchens are not in the same room as the living room/sleep area. Updates: water heaters – 1 each in both buildings 2022 & 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 & 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin & faucets, electric panel in main building 2021. Both basements are dry and have never flooded. Sold AS-IS.

Property Details

Property Features

Property Information:

  • Year Built: 1870

Listing Office:

  • Office Name: Keller Williams Capital
  • Office Phone: (217) 414-3509
  • Listing Agent: Edward Bowen

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

School Info

Assigned Schools Information:

  • Lanphier High School, Public District Grades 9-12
  • U S Grant Middle School, Public District Grades 6-8
  • McClernand Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From North Grand go South on 5th Street, property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000

Tax Information:

  • Annual Amount: $2,334
  • 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

$155.9K

Med. Price/SqFt

$100

Avg. Days On Market

12

# of Sold Homes

145

922 N 5th St vs Springfield

182 DAYS ON ROCKET

+170 Days

$185,000

+$29K More

KEY TAKEAWAY

This property is $29K 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: #CA1025832

Listing Office:

  • Office Name: Keller Williams Capital
  • Office Phone: (217) 414-3509
  • Listing Agent: Edward Bowen

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: 5/4/2024, 9:20:36 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

Jul 03, 2019Home Sold
$79,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,334$26,497
2019$1,547$26,404
2018$1,547$18,312
2017$1,515$18,075

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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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-6168116
2
/10

  • McClernand Elementary School

  • 801 N 6th St

  • 0.13 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6168117
3
/10

  • U S Grant Middle School

  • 1800 W Monroe St

  • 1.99 miles

  • Public District Grades 6-8

High School

school-card-donut-6168118
1
/10

  • Lanphier High School

  • 1300 N 11th St

  • 0.67 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 $29,407. Typical income of Springfield, IL residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Sangamon County›Springfield›62702›922 N 5th St

This home is located at 922 N 5th St in Springfield, IL and zip code 62702 in the Enos Park neighborhood. This home was built in 1870. It has been listed on Rocket Homes since November 04, 2023 and is currently priced at $185,000.

Over 62 listings were sold over their listed price in April 2024 in Springfield, IL. In the same period over 54 listings were sold below the listed price and 29 listings were sold for the listed price. The number of homes for sale in Springfield, IL increased by 10.2% between March 2024 and April 2024. 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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