202 North State Street

Springfield, IL 62702

$195,000
Price
Beds
2,277 Sq. Ft.
$86 / Sq. Ft.
2,277
Sq. Ft.
$86
per Sq. Ft.

Description

Here is an investor’s chance to own a unique multi-family investment property! A 2-story duplex and small house on the same parcel! Both units of the duplex are leased; main level for $925 and 2nd story for $750 with leases until 6/30/25. 825 Ruth is vacant but currently looking for a new tenant. The prospective rent is set at $945 but the marketing will be taken down with a signed purchase contract. The seller has put $25k in updates total in all 3 units, which includes new gutters and securing...Here is an investor’s chance to own a unique multi-family investment property! A 2-story duplex and small house on the same parcel! Both units of the duplex are leased; main level for $925 and 2nd story for $750 with leases until 6/30/25. 825 Ruth is vacant but currently looking for a new tenant. The prospective rent is set at $945 but the marketing will be taken down with a signed purchase contract. The seller has put $25k in updates total in all 3 units, which includes new gutters and securing the crawlspace entry by installing a well for 825. All units have new outlets, thermostats, fixtures, toilets and some fresh paint. 202 has a new range and washer/dryer in the finished basement. 202.5 has a new range and refrigerator. 825 has a new range, refrigerator and washer/dryer. 202.5 has the capability for installing w/d hookups. 825 is basically all new; fresh paint and LVT throughout, outlets, fixtures, AC wall unit, kitchen counter, bathroom vanity and mirror. 202 has an attached 2 car garage, 202.5 and 825 have off-street parking. 202/202.5 has 1680 finished sf. and 825 has 597 sf. New roof for 202/202.5 in 2023 (garage roof is older). 825 was built in 1930 and 202 was built in 1945. Inspections are welcome but is being sold as is.
  1. Listed by Ben Call • The Real Estate Group, Inc. • Offc: 217-787-7000
  2. Listed by Stephanie Hurrelbrink-Danna • The Real Estate Group, Inc.

Property Details for 202 North State Street

Parking Total
5.0
Subdivision Name
None
LISTING UPDATED: 10/12/2024 03:01 PM

Property Details for 202 North State Street

StatusActive
MLS #CA1032213
Days on Market34
Taxes$3,008 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1945
Lot Size0.19 AC / 8,145 SF
CountySangamon County

Building Information for 202 North State Street

Stories-Residences3Year Built1945Building Size-Lot Size0.19 AC / 8,145 SF

Property Information for 202 North State Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: East on Washington. North on N. State St. Property is located on the corner of Ruth St and State.
  • Latitude: 39.803038
  • Longitude: -89.666316
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-28.0-379-013
  • Tax Annual Amount: $3,008
  • Tax Legal Description: L 12 E.A. WILSONS ADDN #3
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other, Parking Pad
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 2277.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 45 x 181
  • Number Of Units Total: 3
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1945
Utilities
  • Number Of Electric Meters: 3
  • Number Of Gas Meters: 3
  • Numberof Water Meters: 2
  • Water Sewer Expense: $258
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 2240
  • Roof: Shingle
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement: Crawl Space, Finished, Full
  • Heating: Gas, Hot Water, Central Air, Gas Water Heater, Wall Unit(s)
  • Interior Features: Cable Available, Garage Door Opener(s)
  • Laundry Features: None, Private
  • Number Of Central Air Units: 2
  • Number Of Dishwashers: 0
  • Number Of Dryers: 2
  • Number Of Heating Units: 3
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 2
  • Number Of Water Heaters: 2
  • Number Of Window Units: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $20,100
  • Gross Scheduled Income: $20,100
  • Insurance Expense: $2,398
  • Maintenance Expense: $586
  • Manager Expense: $0
  • Net Operating Income: $11,394
  • Operating Expense: $5,698
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $216
Unit 1
  • Fireplace YN: Y
  • Full Baths: 2
  • Half Baths: 0
  • Number Covered: 2
  • Number Parking: 2
  • Number Uncovered: 0
  • 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: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: One Year or Less
  • Tenant Pays: Gas & Electric

Property History for 202 North State 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 202 North State Street

Taxable ValueLand$5,032Additions$28,996Total$34,028
Tax Record2023$3,008 ($251 / month)
Home Facts
Beds0Lot Size8,134 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-28.0-379-013

Schools near 202 North State 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
Elizabeth Graham Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield 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.

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202 North State Street is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on September 30, 2024 by The Real Estate Group, Inc., it's currently listed at $195,000. It has been on the market for a total of 34 days and was last sold on March 13, 2024. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, U S Grant Middle School and Springfield High School. 202 North State Street is a 0-bed, 0-bath, 2,277 sqft multi-family home built in 1945.

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.

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.