401 South Butler Street

Lincoln, IL 62656

$329,000
Price
Beds
3,942 Sq. Ft.
$83 / Sq. Ft.
3,942
Sq. Ft.
$83
per Sq. Ft.

Description

Two side by side custom constructed duplexes on an 80X150 corner lot just steps from downtown, Lincoln Community High School, and the Lincoln Park District! Each unit boasts two bedrooms and 1.5 baths. Two tenants currently pay $700.00/month -- one tenant currently pays $800.00/month -- fourth tenant currently pays $850.00/month. Butler units have a two car detached garage -- Decatur units have an off-street parking slab. Various recent exterior updates including siding and quality windows. Great...Two side by side custom constructed duplexes on an 80X150 corner lot just steps from downtown, Lincoln Community High School, and the Lincoln Park District! Each unit boasts two bedrooms and 1.5 baths. Two tenants currently pay $700.00/month -- one tenant currently pays $800.00/month -- fourth tenant currently pays $850.00/month. Butler units have a two car detached garage -- Decatur units have an off-street parking slab. Various recent exterior updates including siding and quality windows. Great investment opportunity!
  1. Listed by Seth Goodman • ME Realty

Property Details for 401 South Butler Street

Parking Total
2.0
Subdivision Name
None
LISTING UPDATED: 12/20/2024 02:00 PM

Property Details for 401 South Butler Street

StatusActive
MLS #CA1029808
Days on Market191
Taxes$7,053 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1977
Lot Size0.28 AC / 12,000 SF
CountyLogan County

Building Information for 401 South Butler Street

Stories-Residences4Year Built1977Building Size-Lot Size0.28 AC / 12,000 SF

Property Information for 401 South Butler Street

Summary
Location and General Information
  • City: Lincoln
  • County Or Parish: Logan
  • Directions: Properties are located at 401 & 403 S. Butler Street, Lincoln and 727 & 729 Decatur Street, Lincoln.
  • Latitude: 40.140782
  • Longitude: -89.360654
  • MLSArea Minor: Lincoln
  • Postal Code: 62656
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 08-255-296-00
  • Tax Annual Amount: $7,053
  • Tax Legal Description: 8-2286 lots 1 & 2 block 30 Latham & Gillett's Addn to Lincoln.
  • Tax Year: 2023
School Information
  • High School: Lincoln
Parking
  • Parking Features: Detached, Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 3942.0
  • Lot Features: Corner Lot, Level
  • Lot Size Dimensions: 80X150
  • Number Of Units Total: 4
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Slab
  • New Construction: No
  • Year Built: 1977
Utilities
  • Number Of Electric Meters: 4
  • Number Of Gas Meters: 4
  • Numberof Water Meters: 4
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Basement: None
  • Heating: Forced Air, Gas, Central Air
  • Laundry Features: Units Hook-Ups
  • Number Of Central Air Units: 4
  • Number Of Heating Units: 4
  • Number Of Ranges: 4
  • Numberof Refrigerators: 4
  • Number Of Water Heaters: 4
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-7,053
  • Operating Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 1
  • 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: 1
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 1
  • Number Covered: 1
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 1
  • Number Covered: 1
  • Number Parking: 1
  • Number Uncovered: 0
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: Gas & Electric, Water

Property History for 401 South Butler 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 401 South Butler Street

Taxable ValueLand$8,610Additions$65,970Total$74,580
Tax Record2023$7,053 ($588 / month)
Home Facts
Beds0Lot Size12,197 SqFtStyleSingle Family ResidenceCountyLOGANAPN08-255-296-00

Schools near 401 South Butler Street

This home is within Lincoln Chsd 404 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Washington-Monroe Elementary School
PublicPK to 5

Lincoln Jr High School
Public6 to 8

Lincoln Community High School
Public9 to 12

Carroll Catholic School
PrivatePK to 8

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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401 South Butler Street is a multi-family home for sale in Lincoln, IL 62656. This property was listed for sale on June 12, 2024 by ME Realty, it's currently listed at $329,000. It has been on the market for a total of 191 days and was last sold on January 6, 2023. This listing's school districts are Lincoln Chsd 404 School District, Lincoln Esd 27 School District. Nearby schools include Washington-Monroe Elementary School, Lincoln Jr High School and Lincoln Community High School. 401 South Butler Street is a 0-bed, 0-bath, 3,942 sqft multi-family home built in 1977.

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 ME Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. 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 Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS 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. Based on information submitted to the MLS GRID as of 12/20/2024 02:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.