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Listing Details

2337-2341 Gillespie Springfield, IL 62704
$499,800
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GREAT INVESTMENT OPPORTUNITY! 2 apartment buildings for 1 price! Total of 8 units--4 units in each building. 2 Fully leased Four-Plexes with cash flow already set in place! Easily take ownership & let the money come in. Well maintained and easy to find tenants in the heart of Springfield at aggressive rent rates. Separate water, electric & gas meters means even less owner expenses. Owner pays trash, security light & lawn/snow removal year round while all tenants are responsible for their own utilities. Financial info reflects totals for all 8 units. The rent for 2337 building is as follows Unit 1=$795 Unit 2=$850 Unit 3=$700 Unit 4=$700. The rent for 2341 building is as follows Unit 1=$850 Unit 2=$800 Unit 3=$700 Unit 4=$650.

Square Feet: Bedrooms: 8

Listing

Listing Price:499800
List Date:2020-05-18
MLS #:Ca1001652
Year Built:1966
Zoning:R4
Legal Description:Chas S Wanless Knox Knolls Sub 6Th Addn L 289 & L288 (9106.86 Sq Ft) & (9287.38 Sq Ft)

Location

Address Number:2337-2341
Address Street:Gillespie
City:Springfield
State:Il
Zip:62704
Address:2337-2341 Gillespie
County:Sangamon
Street Type:Avenue
High School:Springfield District #186
Subdivision:None

Income

Sale/Rent:For Sale
U1 $ Rent:1645
U2 $ Rent:1650
U3 $ Rent:1400
U4 $ Rent:1350
Gross Annual Rent Income:72540
Gross Annual Income:72540
Net Operating Income:64740
LEASE INFORMATION:Various Terms
TENANT PAYS:Gas &Amp; Electric

Dwelling

Total # Units:8
Total # Water Heaters:8
Total # Heating Units:8
Total # Central Air Units:8
Total SQFT:8816
U1 Bedrooms:3
U1 Full Baths:2
U2 Bedrooms:3
U2 Full Baths:2
U3 Bedrooms:2
U3 Full Baths:2
U4 Bedrooms:2
U4 Full Baths:2
U1 Fireplace (Y/N):N
U2 Fireplace (Y/N):N
U3 Fireplace (Y/N):N
U4 Fireplace (Y/N):N
GARAGE/PARKING:Assigned
BASEMENT:Full
HEATING/COOLING:Gas,Central Air
WATER/SEWER:Public Sewer,Public Water
LAUNDRY FACILITIES:Units Hook-Ups

Taxes / Expenses

Parcel ID#/Tax ID:14310232011
Lawn/Snow Rmvl Ann. Exp:1200
Insurance Expense:2400
Other Expense 1$:1560
Annual Taxes:9341.88
Tax Year:2019
TAX EXEMPTIONS:None

Interior

# Ranges:8
# Refrigerators:8

Exterior

EXTERIOR:Brick

Grounds / Land / Lot

Area/Tract:Springfield
# Parking Spaces:8
U1 # Parking:1
U1 # Parking Uncovered:1
U2 # Parking:1
U2 # Parking Uncovered:1
U3 # Parking:1
U3 # Parking Uncovered:1
U4 # Parking:1
U4 # Parking Uncovered:1
LOT DESCRIPTION:Level

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Listed by: The Real Estate Group Inc.  /   MLS: 1001652