619 South Walnut Street

Springfield, IL 62704

$640,000
Price
—
Beds
9,747 Sq. Ft.
$66 / Sq. Ft.
9,747
Sq. Ft.
$66
per Sq. Ft.

Description

Investor ALERT! This 12 unit complex has seen substantial updates to many of the units, but there is still time to put your personal touch on it! 11 Two bedroom units, and 1 One bedroom unit make up this centrally located mature Charmer. Currently just three units vacant, yet they are in the process of cleanup before placing the next lucky tenant. Most units have seen upgrades, some with full kitchen replacements, bathrooms replacements, Luxury Vinyl Plank span most of the units, and you will find...Investor ALERT! This 12 unit complex has seen substantial updates to many of the units, but there is still time to put your personal touch on it! 11 Two bedroom units, and 1 One bedroom unit make up this centrally located mature Charmer. Currently just three units vacant, yet they are in the process of cleanup before placing the next lucky tenant. Most units have seen upgrades, some with full kitchen replacements, bathrooms replacements, Luxury Vinyl Plank span most of the units, and you will find updated fixtures spread throughout as well. The Full, unfinished basement offers a great opportunity to produce additional monthly income after the revitalization an existing laundry room, or even with the addition of private tenant storage! This property has a great amount of value to be added and offers the potential to produce thousands of dollars more each month. Don't miss your chance to build additional equity!
  1. Listed by Joshua Kruse • The Real Estate Group, Inc. • Offc: 217-787-7000

Property Details for 619 South Walnut Street

Parking Total
12.0
Subdivision Name
None
LISTING UPDATED: 10/01/2024 03:01 PM

Property Details for 619 South Walnut Street

StatusActive
MLS #CA1032150
Days on Market15
Taxes$11,712 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1940
Lot Size0.23 AC / 10,000 SF
CountySangamon County

Building Information for 619 South Walnut Street

Stories-Residences12Year Built1940Building Size-Lot Size0.23 AC / 10,000 SF

Property Information for 619 South Walnut Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: West side of Walnut between Edwards & Lawrence
  • Latitude: 39.795629
  • Longitude: -89.663815
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-33.0-182-027
  • Tax Annual Amount: $11,712
  • Tax Legal Description: L 5 MRS. HENKLES ADDN
  • Tax Year: 2023
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 9747.0
  • Lot Features: Level
  • Lot Size Dimensions: 50x200
  • Number Of Units Total: 12
  • 100 Year Plain: Unknown
  • Road Surface Type: Alley, Curbs & Gutters, Paved
Property and Assessments
  • Documents Available: Legal Description,Tenant Lease(s)
  • Foundation Details: Block, Brick
  • New Construction: No
  • Year Built: 1940
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 13
  • Number Of Gas Meters: 13
  • Numberof Water Meters: 1
  • Water Sewer Expense: $8,400
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick Partial, Vinyl Siding
Interior Features
  • Basement: Full, Unfinished
  • Heating: Electric, Forced Air, Gas, Central Air, Gas Water Heater
  • Interior Features: Cable Available
  • Laundry Features: Common Area
  • Number Of Central Air Units: 12
  • Number Of Dishwashers: 12
  • Number Of Dryers: 0
  • Number Of Heating Units: 12
  • Number Of Ranges: 12
  • Numberof Refrigerators: 12
  • Number Of Washers: 0
  • Number Of Water Heaters: 12
  • Number Of Window Units: 0
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $1,000
  • Gross Income: $60,000
  • Gross Scheduled Income: $60,000
  • Insurance Expense: $2,443
  • Maintenance Expense: $10,000
  • Manager Expense: $5,400
  • Net Operating Income: $16,245
  • Operating Expense: $32,043
  • Advertising Expense: 0
  • Gas Expense: 2400
  • Misc Annual Income: 0
  • Trash Expense: $2,400
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
Unit 3
  • 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 3
Unit 4
  • 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 4
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: Gas & Electric

Property History for 619 South Walnut 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 619 South Walnut Street

Taxable ValueLand$13,527Additions$118,943Total$132,470
Tax Record2023$11,712 ($976 / month)
Home Facts
Lot Size10,487 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-33.0-182-027

Schools near 619 South Walnut 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

Benjamin Franklin 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.

Similar Homes

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619 South Walnut Street is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on September 27, 2024 by The Real Estate Group, Inc., it's currently listed at $640,000. It has been on the market for a total of 15 days and was last sold on December 22, 2022. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, Benjamin Franklin Middle School and Springfield High School. 619 South Walnut Street is a 0-bed, 0-bath, 9,747 sqft multi-family home built in 1940.

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.