This four bedroom, two bathroom investment property is a fantastic opportunity for investors seeking a stable rental income. Currently rented by a Section 8 tenant for $1,166/mo, this property offers a reliable source of passive income. The property has recently been updated with all new windows and flooring throughout, making it more attractive to potential tenants and increasing it's overall value. The four bedrooms offer plenty of space for families or roommates, while the two bathrooms provide added convenience and privacy. With the tenants currently under lease until December 2023, investors can enjoy the security of a guaranteed income stream. The investment property is in the medical district, which is a highly sought-after area for renters. Being near medical facilities and healthcare providers makes this property an attractive option for healthcare professionals and their families, increasing the potential pool of renters and further solidifying its investment value.
Sold for $65,000 on 05/19/23
$65,000
926 N 3rd St, Springfield, IL 62702
4beds
1,122sqft
Single Family Residence, Residential
Built in ----
5,200 Square Feet Lot
$84,300 Zestimate®
$58/sqft
$1,355 Estimated rent
Home value
$84,300
$72,000 - $98,000
$1,355/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 21, 2023 at 01:12pm
Listed by:
Jerry George Pref:217-638-1360,
The Real Estate Group, Inc.
Bought with:
Richard Wiese, 475199673
Keller Williams Capital
Source: RMLS Alliance,MLS#: CA1021191
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom 1
- Level: Main
- Dimensions: 10ft 4in x 14ft 0in
Bedroom 2
- Level: Main
- Dimensions: 11ft 3in x 14ft 0in
Bedroom 3
- Level: Main
- Dimensions: 11ft 4in x 13ft 9in
Bedroom 4
- Level: Main
- Dimensions: 10ft 6in x 9ft 6in
Additional room
- Description: Mud Room
- Level: Main
- Dimensions: 7ft 0in x 8ft 7in
Kitchen
- Level: Main
- Dimensions: 11ft 11in x 9ft 8in
Living room
- Level: Main
- Dimensions: 12ft 11in x 13ft 1in
Main level
- Area: 1122
Heating
- Forced Air
Appliances
- Included: Range, Refrigerator
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 1,122
- Total interior livable area: 1,122 sqft
Property
Parking
- Parking features: Gravel
Lot
- Size: 5,200 sqft
- Dimensions: 130 x 40
- Features: Level
Details
- Parcel number: 1427.0153018
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Aluminum Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Springfield
- Subdivision: None
Other
Other facts
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2023 | Sold | $65,000-7.1%$58/sqft |
Source:  RMLS Alliance #CA1021191 | ||
| 4/10/2023 | Pending sale | $70,000$62/sqft |
Source: RMLS Alliance #CA1021191 | ||
| 3/28/2023 | Listed for sale | $70,000+118.8%$62/sqft |
Source: RMLS Alliance #CA1021191 | ||
| 9/14/2022 | Sold | $32,000-8.3%$29/sqft |
Source: RMLS Alliance #CA1017647 | ||
| 8/31/2022 | Pending sale | $34,900$31/sqft |
Source: RMLS Alliance #CA1017647 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,902 +4% | $22,640 +9.5% |
| 2023 | $1,828 +49.1% | $20,679 +51.1% |
| 2022 | $1,226 +3.4% | $13,687 +3.9% |
Find assessor info on the county website
Neighborhood: Enos Park
Nearby schools
GreatSchools rating
- 3/10Mcclernand Elementary SchoolGrades: K-5Distance: 0.2 mi
- 2/10U S Grant Middle SchoolGrades: 6-8Distance: 1.9 mi
- 1/10Lanphier High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: Lanphier High School
Source: RMLS Alliance. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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