118 West Laurel Street

Springfield, IL 62704

$410,000
Price
—
Beds
7,800 Sq. Ft.
$53 / Sq. Ft.
7,800
Sq. Ft.
$53
per Sq. Ft.

Description

Grasp this opportunity to purchase 9 apartments and 4 commercial spaces with a massive parking lot! This building comes with plans and permits for removing balcony on front and sides as well as replacing rear balcony and stairs. Tons of updates both cosmetically and mechanically throughout! video tour available Each of the 4 commercial spaces is approximately 975 sqft on ground level! Seven of the apartments are approximately 590 sqft Six are located on top floor One is in lower level with egress....Grasp this opportunity to purchase 9 apartments and 4 commercial spaces with a massive parking lot! This building comes with plans and permits for removing balcony on front and sides as well as replacing rear balcony and stairs. Tons of updates both cosmetically and mechanically throughout! video tour available Each of the 4 commercial spaces is approximately 975 sqft on ground level! Seven of the apartments are approximately 590 sqft Six are located on top floor One is in lower level with egress. Two 2 bedroom apartments are approximately 902 sqft on lower level with egress. 8 apartments have in unit laundry hookups. The lot connecting to myrtle is also included.
  1. Listed by Jay Myers • Real Broker, LLC • Pref: 217-960-8605

Property Details for 118 West Laurel Street

Parking Total
34.0
Subdivision Name
Springfield
LISTING UPDATED: 11/19/2024 02:01 PM

Property Details for 118 West Laurel Street

StatusActive
MLS #CA1033043
Days on Market24
Taxes$9,243 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1962
Lot Size0.33 AC / 14,529 SF
CountySangamon County

Building Information for 118 West Laurel Street

Stories-Residences13Year Built1962Building Size-Lot Size0.33 AC / 14,529 SF

Property Information for 118 West Laurel Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: traveling north on south 6th turn left onto west Laurel
  • Latitude: 39.782372
  • Longitude: -89.655245
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 22-04.0-254-011
  • Parcel Number: 22-04.0-254-010
  • Tax Annual Amount: $9,243
  • Tax Legal Description: SAXERS S. SIDE ADDN L28-29 N 80' L 30 & S 87.50' L30
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Alley Access, Guest Parking, Oversized, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building, Other
  • Building Area Total: 7800.0
  • Lot Features: Level
  • Lot Size Dimensions: 87x167
  • Number Of Units Total: 13
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Aerial Photos,Legal Description,Tenant Lease(s)
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1962
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 14
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 1
  • Water Sewer Expense: $6,000
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 2400
  • Roof: Rubber, Tar & Gravel
  • Construction Materials: Brick
Interior Features
  • Basement: Daylight, Egress Window(s), Partially Finished
  • Heating: Baseboard, Electric, Heat Pump, Central Air, Wall Unit(s)
  • Interior Features: Storage
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 2
  • Number Of Dishwashers: 8
  • Number Of Dryers: 0
  • Number Of Heating Units: 13
  • Number Of Ranges: 9
  • Numberof Refrigerators: 9
  • Number Of Washers: 0
  • Number Of Water Heaters: 13
  • Number Of Window Units: 9
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $2,400
  • Gross Income: $71,400
  • Insurance Expense: $3,500
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $46,417
  • Operating Expense: $15,740
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 71400
  • Trash Expense: $1,440
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Electricity

Property History for 118 West Laurel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 West Laurel Street

Taxable ValueLand$21,032Additions$79,741Total$100,773
Tax Record2023$8,909 ($742 / month)
Home Facts
Lot Size18,797 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN22-04.0-254-010

Schools near 118 West Laurel Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Black Hawk Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Springfield Southeast High School
Public9 to 12

Springfield Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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118 West Laurel Street is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on November 11, 2024 by Real Broker, LLC, it's currently listed at $410,000. It has been on the market for a total of 24 days and was last sold on May 10, 2018. This listing's school district is Springfield School District 186. Nearby schools include Black Hawk Elementary School, Jefferson Middle School and Springfield Southeast High School. 118 West Laurel Street is a 0-bed, 0-bath, 7,800 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Broker, LLC

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.