912 S 5TH Street Springfield, IL 62703

Multi-Family (2-4 Units) MLS #: CA1028532 Courtesy Of Springfield Real Estate LLC.

$490,000

7,688 sq ft
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Est. Property Tax: $7,333
Estimated monthly payments: $2,753/mo.* (recalculate)

Property InformationDescription

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.

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Exterior Type: Brick
  • Heating Fuel: Electric
  • Heating System: Baseboard, Hot Water, Wall Unit
  • Roof Type: Composition Shingle

MAP & DIRECTIONS

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912 S 5TH Street, Springfield, IL 62703
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School Information

912 S 5TH Street, Springfield, IL 62703

Elementary School
Grades KG-5 | Public School
ELIZABETH GRAHAM ELEMENTARY SCHOOL
Springfield, IL 62704
900 W Edwards St
217.­525.3220
Distance: 1.0 mi
School Rating
C-
Total Students
271
Middle School
Grades 6-8 | Public School
BENJAMIN FRANKLIN MIDDLE SCHOOL
Springfield, IL 62704
1200 Outer Park Dr
217.­787.3006
Distance: 1.7 mi
School Rating
C-
Total Students
764
High School
Grades 9-12 | Public School
SPRINGFIELD HIGH SCHOOL
Springfield, IL 62704
101 S Lewis St
217.­525.3100
Distance: 0.9 mi
School Rating
C
Total Students
1512
Other Nearby Schools Distance Type Grades School Rating
Springfield Learning Academy 0.7 mi Public 9-12
Lawrence Education Center 0.7 mi Public 9-12
Lincoln Magnet School 0.7 mi Public 6-8 A
Feitshans Elementary School 0.7 mi Public PK-5 F
Iles Elementary School 1.0 mi Public 1-8 A-
St Patrick Catholic School 1.1 mi Private PK-5
Blessed Sacrament 1.1 mi Private PK-8
Trinty 1.1 mi Private PK-8
Douglas School 1.2 mi Public 6-12
Butler Elementary School 1.2 mi Public KG-5 B
Mcclernand Elementary School 1.3 mi Public KG-5 C+
Early Learning Center 1.4 mi Public PK
Dubois Elementary School 1.4 mi Public KG-5 D
Black Hawk Elementary School 1.4 mi Public KG-5 C-
Sacred Heart Griffin High School 1.5 mi Private 9-12
Matheny-withrow Elementary School 1.5 mi Public KG-5 F
Harvard Park Elementary School 1.5 mi Public PK-5 D-
Washington Middle School 1.6 mi Public 6-8 D-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Springfield, IL 62703

Median Age: 38.2
Married: 30%
Number of Households: 11,549
Households with Children: 27.5%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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