1251 North 2nd Street

Springfield, IL 62702

$115,000
Price
Beds
1,340 Sq. Ft.
$86 / Sq. Ft.
1,340
Sq. Ft.
$86
per Sq. Ft.

Description

Unique Investment Opportunity! This property features two separate homes on one parcel, making it a fantastic investment opportunity. Home 1: A two-bedroom, one-bathroom currently rented to a cash tenant for $850/month. Home 2: A one-bedroom, one-bathroom house, completely remodeled in late 2023, rented through Section 8 for $773/month. Both homes offer a great return on investment with stable tenants in place. Showings require 24-hour notice.Unique Investment Opportunity! This property features two separate homes on one parcel, making it a fantastic investment opportunity. Home 1: A two-bedroom, one-bathroom currently rented to a cash tenant for $850/month. Home 2: A one-bedroom, one-bathroom house, completely remodeled in late 2023, rented through Section 8 for $773/month. Both homes offer a great return on investment with stable tenants in place. Showings require 24-hour notice.
  1. Listed by Daniel Nika • The Real Estate Group, Inc. • Pref: 217-971-3383
  2. Listed by Jerry George • The Real Estate Group, Inc.

Property Details for 1251 North 2nd Street

Parking Total
4.0
Subdivision Name
None
LISTING UPDATED: 12/03/2024 02:01 PM

Property Details for 1251 North 2nd Street

StatusActive
MLS #CA1029306
Days on Market126
Taxes$1,411 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.08 AC / 3,480 SF
CountySangamon County

Building Information for 1251 North 2nd Street

Stories-Residences2Year Built-Building Size-Lot Size0.08 AC / 3,480 SF

Property Information for 1251 North 2nd Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: FROM N GRAND AVE WEST, HEAD NORTH ON N 2ND ST, PROPERTY ON LEFT
  • Latitude: 39.817769
  • Longitude: -89.653513
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-22.0-351-017
  • Tax Annual Amount: $1,411
  • Tax Legal Description: E87' N40' S66' W 174.5' L7 Ruben Keazers Sub Pt W Pt Sw 22-16-5
  • Tax Year: 2022
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: One Story
  • Building Area Total: 1340.0
  • Lot Features: Level
  • Lot Size Dimensions: 87x40
  • Number Of Units Total: 2
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $11
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Unfinished
  • Heating: Electric, Gas, Other
  • Number Of Central Air Units: 1
  • Number Of Heating Units: 2
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Water Heaters: 2
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $648
  • Gross Income: $0
  • Insurance Expense: $264
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-2,766
  • Operating Expense: $1,355
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $432
Unit 1
  • 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 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: 1
  • Unit Type Type: Unit 2

Property History for 1251 North 2nd 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 1251 North 2nd Street

Taxable ValueLand$2,336Additions$14,266Total$16,602
Tax Record2023$1,468 ($122 / month)
Home Facts
Beds0Lot Size3,503 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-22.0-351-017

Schools near 1251 North 2nd 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 - 6 to 12
Rating
School
Distance
Mcclernand Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Lanphier High School
Public9 to 12

Douglas School
Public6 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.

Similar Homes

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1251 North 2nd Street is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on May 21, 2024 by The Real Estate Group, Inc., it's currently listed at $115,000. This listing's school district is Springfield School District 186. Nearby schools include Mcclernand Elementary School, U S Grant Middle School and Lanphier High School. 1251 North 2nd Street is a 0-bed, 0-bath, 1,340 sqft multi-family home.

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 The Real Estate Group, Inc.

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