541 East Black Avenue

Springfield, IL 62702

$499,000
Price
Beds
15,054 Sq. Ft.
$33 / Sq. Ft.
15,054
Sq. Ft.
$33
per Sq. Ft.

Description

Imagine the possibilities! This approx 15,000 sqft historic building is the birthplace of Marjorie Merriweather Post and was formerly used for over 100 years by The Kings Daughters Organization as a ladies dormitory. The building has 26 studio units (approx 538 sqft each) with full baths, a common area, a communal commercial kitchen, partial basement and elevator. 1.8 acre lot overlooks the Lincoln Park area neighborhood. Great proximity to downtown, the hospitals, the Brinkerhoff and Benedictine/Ursuline...Imagine the possibilities! This approx 15,000 sqft historic building is the birthplace of Marjorie Merriweather Post and was formerly used for over 100 years by The Kings Daughters Organization as a ladies dormitory. The building has 26 studio units (approx 538 sqft each) with full baths, a common area, a communal commercial kitchen, partial basement and elevator. 1.8 acre lot overlooks the Lincoln Park area neighborhood. Great proximity to downtown, the hospitals, the Brinkerhoff and Benedictine/Ursuline complex. New roof in 2022/23. Zoned R-3B.
  1. Listed by Roni Mohan • RE/MAX Professionals • Pref: 217-899-7899

Property Details for 541 East Black Avenue

Parking Total
10.0
Subdivision Name
None
LISTING UPDATED: 12/21/2024 02:02 PM

Property Details for 541 East Black Avenue

StatusActive
MLS #CA1033618
Days on Market3
Taxes$13,218 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1900
Lot Size1.80 AC / 78,408 SF
CountySangamon County

Building Information for 541 East Black Avenue

Stories-Residences26Year Built1900Building Size-Lot Size1.80 AC / 78,408 SF

Property Information for 541 East Black Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Black Avenue between North 5th Street and North 7th Street
  • Latitude: 39.822603
  • Longitude: -89.647708
  • MLSArea Minor: Springfield
  • Postal Code: 61702
  • State Or Province: IL
  • Zoning: R-3B
Taxes and HOA Information
  • Parcel Number: 14-22.0-326-065
  • Tax Annual Amount: $13,218
  • Tax Legal Description: See title records
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Detached, Guest Parking, Parking Pad
Property
Lot Information
  • Structure Type: Two or More Story, Conversion
  • Accessibility Features: Wide Doorways, Wide Hallways
  • Building Area Total: 15054.0
  • Lot Features: Level, Sloped
  • Lot Size Acres: 1.8
  • Lot Size Dimensions: irregular
  • Number Of Units Total: 26
  • 100 Year Plain: Unknown
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Aerial Photos,Other
  • Foundation Details: Block, Brick
  • New Construction: No
  • Year Built: 1900
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 1
  • Numberof Water Meters: 1
  • Water Sewer Expense: $0
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Rec Area
  • Roof: Composition, Other, Shingle
  • Construction Materials: Wood Siding
Interior Features
  • Basement: Partial
  • Heating: Forced Air, Central Air, None
  • Interior Features: Elevator, Recreation Room
  • Laundry Features: Common Area
  • Number Of Central Air Units: 0
  • Number Of Heating Units: 0
  • Number Of Water Heaters: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $1
  • Maintenance Expense: $0
  • Manager Expense: $1
  • Net Operating Income: $-13,220
  • Operating Expense: $2
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 26
  • Half Baths: 1
  • Number Covered: 0
  • Number Parking: 10
  • Number Uncovered: 10
  • Unit Type Beds Total: 26
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 0
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 0
  • Number Uncovered: 0
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2

Property History for 541 East Black Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 541 East Black Avenue

Taxable ValueLand$34,353Additions$115,149Total$149,502
Tax Record2023$13,218 ($1,101 / month)
Home Facts
Lot Size77,912 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-22.0-326-065

Schools near 541 East Black Avenue

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Ridgely Elementary School
PublicPK to 5

Washington 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.

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541 East Black Avenue is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on December 18, 2024 by RE/MAX Professionals, it's currently listed at $499,000. It has been on the market for a total of 3 days and was last sold on June 16, 2021. This listing's school district is Springfield School District 186. Nearby schools include Ridgely Elementary School, Washington Middle School and Lanphier High School. 541 East Black Avenue is a 0-bed, 0-bath, 15,054 sqft multi-family home built in 1900.

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 RE/MAX Professionals

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