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724 N 5th St, Springfield, IL 62702
0 Beds
40 Baths
39,221 sqft

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RARE INVESTMENT OPPORTUNITY near hospitals, downtown Spfld & new YMCA site! DESIRABLE exceptionally Managed/Maintained (+/-)45 unit TURN-KEY complex & winner of historic presvation awards, incl 9 structures & 3 vac lots occupying nearly entire sq block (SEE ATCHMNTS for list & Rent Roll)! TotMoRent based on ACTUAL current rents. GOI is 5yr avg of ACTUAL Rent Receipts & INCL avg Coin-op net inc of $4,133/yr. Maint Exp & Mngmnt estimated. Taxes ACTUAL! Beautiful 717 N 6th currently single fam but could convert back to duplex(NO inc or exp incl in ANY #'s). See comments w/photos & Confid Remarks!
  • Price:
  • $2,000,000
  • Full Baths:
  • 42
  • Square Footage:
  • 39,221
  • Acreage:
  • 1.94
  • Listing ID #:
  • 190194
  • Street Address:
  • 724 N 5th St
  • City:
  • Springfield
  • State:
  • Illinois
  • Postal Code:
  • 62702
  • County:
  • Sangamon
  • Listing Status:
  • Active
  • Basement Type:
  • Partial
  • Construction Description:
  • Aluminum, Brick, Wood
  • Dwelling Type:
  • 17+apt
  • Foundation:
  • Brick
  • Number Of 1 Bedroom Units:
  • 11
  • Number Of 2 Bedroom Units:
  • 17
  • Number Of 3 Bedroom Units:
  • 13
  • Number Of Units:
  • 45
  • Total Building Square Footage:
  • 39221
  • Annual Electric Expenses:
  • 22340
  • Annual Maintenance Expenses:
  • 18275
  • Annual Snow Expenses:
  • 4000
  • Annual Trash Expenses:
  • 2707
  • Gross Income:
  • 314442
  • Net Operating Income:
  • 198013
  • Operating Expense:
  • 116429
  • Conforms To Zoning:
  • R-5b
  • Lot Size:
  • 1.94 Acres
  • Monthly Rent:
  • 29270
  • Property Taxes:
  • $22,113
  • Tax Year:
  • 2017
  • Parking Spaces:
  • 67
  • Cooling System:
  • Central, Window Unit
  • Equipment:
  • Smoke Alarm, Other-See Remarks
  • Existing Water:
  • City
  • Heating:
  • Forced Air, Radiator
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • City
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By The Real Estate Group Inc.