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716 W North Grand Avenue

Springfield, IL 62702
  • $120,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: CA1031263
UPDATED: 50 min ago
$120,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Investment Property! Seller has done most of the work updating! 3-unit building fully leased. 2 main floor units and the 3rd unit is on the 2nd level. Units are a decent size; unit B could be a 2 bedroom. Upstairs tenant pays gas & electric. Main floor units' tenants pay electric and owner pays gas. 2023 Rubber Roof was terminated & possibly has 6 years left. Pictures are from the 2nd floor unit. Videos for the other 2 units are available. Off street parking. Inspections are welcome but selling as-is. 716 B - 1/1 - $450; large LR & FR 716 C - 1/1 - $800: New in 2024; Furnace, Electrical panel, AC, Windows, Rehabbed. 716.5 - 2/1 (upstairs unit) - $750: New in 2023; Furnace, Electrical panel, Windows, AC, Rehabbed.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-09-20T21:45:07.47.
www.kathygarst.com/homes/153814960
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716 W North Grand Avenue Springfield, IL 62702

  • Price: $120,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 50 min ago
  • ID#: CA1031263
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1920
Built
Neighborhood:
Lincoln Park
County:
Sangamon
Area:
Springfield
Elementary School:
Enos
Middle School:
Us Grant
High School:
Lanphier High School
Property Description
Investment Property! Seller has done most of the work updating! 3-unit building fully leased. 2 main floor units and the 3rd unit is on the 2nd level. Units are a decent size; unit B could be a 2 bedroom. Upstairs tenant pays gas & electric. Main floor units' tenants pay electric and owner pays gas. 2023 Rubber Roof was terminated & possibly has 6 years left. Pictures are from the 2nd floor unit. Videos for the other 2 units are available. Off street parking. Inspections are welcome but selling as-is. 716 B - 1/1 - $450; large LR & FR 716 C - 1/1 - $800: New in 2024; Furnace, Electrical panel, AC, Windows, Rehabbed. 716.5 - 2/1 (upstairs unit) - $750: New in 2023; Furnace, Electrical panel, Windows, AC, Rehabbed.
Exterior Features

Construction Materials Brick Parking Features Parking Pad Parking Total 4 Road Surface Type Curbs & GuttersPaved Roof Rubber

Interior Features

Basement None Building Area Total 3086 Heating ElectricForced AirGasHeat PumpCentral Air Interior Features Cable Available Laundry Features NoneUnits Hook-Ups Number Of Central Air Units 2 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 3 Number Of Gas Meters 2 Number Of Heating Units 3 Number Of Ranges 3 Number Of Washers 0 Number Of Water Heaters 3 Numberof Refrigerators 3

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Gross Income 24000 Insurance Expense 2640 Lease Term Variable Lot Features Level Lot Size Dimensions 76x82 Manager On Site YN No Net Operating Income 16243 New Construction YN No Number Of Water Meters 1 Operating Expense 6504 Repossessed No Structure Type Two or More Story Tax Annual Amount 1252.52 Tax Legal Description W76' L1 EX PT N SOLD STATE ALSO N2' W76' L2 B 1 FRANK OSBURNS ADDN Tax Year 2023 Trash Expense 264 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Ben Call of The Real Estate Group, Inc.: Offc: 217-787-7000.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2024-09-20T21:45:07.47.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711