2305-2309 Cherry Hills Drive

Springfield, IL 62704

$1,900,000
Price
Beds
27,000 Sq. Ft.
$70 / Sq. Ft.
27,000
Sq. Ft.
$70
per Sq. Ft.

Description

This investment property includes two buildings, total 24 units, each with 12 fully remodeled units as of 2019. Located next to Hy-Vee and close to shopping, schools, and more, this is a highly desirable area for tenants. Each unit was updated with new HVAC, flooring, kitchens, bathrooms, paint, and more, making it an ideal addition to your portfolio. Square footage is deemed accurate but not warranted. Broker holds a share in this property. Don’t miss this opportunity—Schedule a viewing today!This investment property includes two buildings, total 24 units, each with 12 fully remodeled units as of 2019. Located next to Hy-Vee and close to shopping, schools, and more, this is a highly desirable area for tenants. Each unit was updated with new HVAC, flooring, kitchens, bathrooms, paint, and more, making it an ideal addition to your portfolio. Square footage is deemed accurate but not warranted. Broker holds a share in this property. Don’t miss this opportunity—Schedule a viewing today!
  1. Listed by Xuna Hu • The Real Estate Group, Inc. • Pref: 847-420-6588

Property Details for 2305-2309 Cherry Hills Drive

Parking Total
24.0
Subdivision Name
None
LISTING UPDATED: 11/18/2024 02:01 PM

Property Details for 2305-2309 Cherry Hills Drive

StatusActive
MLS #CA1033102
Days on Market8
Taxes$31,578 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1976
Lot Size0.56 AC / 24,300 SF
CountySangamon County

Building Information for 2305-2309 Cherry Hills Drive

Stories-Residences24Year Built1976Building Size-Lot Size0.56 AC / 24,300 SF

Property Information for 2305-2309 Cherry Hills Drive

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Outer park turn right to cherry hills rd, property is on the right side.
  • Latitude: 39.801717
  • Longitude: -89.64371
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Additional Parcels Description: 22-05.0-455-011 22-05.0-455-012
  • Parcel Number: 22-05.0-455-010
  • Tax Annual Amount: $31,578
  • Tax Legal Description: WANLESS CHERRY HILLS 5TH ADDN L 120/5TH ADDN L 119/5TH ADD N 35' L 118
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Alley Access, On Street, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 27000.0
  • Lot Features: Other
  • Lot Size Dimensions: 180x135
  • Number Of Units Total: 24
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1976
Utilities
  • Number Of Electric Meters: 25
  • Number Of Gas Meters: 25
  • Numberof Water Meters: 1
  • Water Sewer Expense: $8,600
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick Partial, Vinyl Siding
Interior Features
  • Basement: Finished
  • Heating: Forced Air, Central Air
  • Number Of Central Air Units: 24
  • Number Of Heating Units: 24
  • Number Of Water Heaters: 24
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $3,500
  • Gross Income: $257,896
  • Gross Scheduled Income: $255,396
  • Insurance Expense: $9,861
  • Maintenance Expense: $15,000
  • Manager Expense: $0
  • Net Operating Income: $184,357
  • Operating Expense: $41,961
  • Advertising Expense: 0
  • Gas Expense: 3000
  • Misc Annual Income: 2500
  • Trash Expense: $2,000
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • 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: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2

Property History for 2305-2309 Cherry Hills Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2305-2309 Cherry Hills Drive

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
Butler Elementary School
PublicK to 5

Benjamin Franklin 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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2305-2309 Cherry Hills Drive is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on November 13, 2024 by The Real Estate Group, Inc., it's currently listed at $1,900,000. This listing's school district is Springfield School District 186. Nearby schools include Butler Elementary School, Benjamin Franklin Middle School and Springfield Southeast High School. 2305-2309 Cherry Hills Drive is a 0-bed, 0-bath, 27,000 sqft multi-family home built in 1976.

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.