526 South Grand Ave W, Springfield, IL, 62704
Property Details
6
2
multi family
Description
Multi Family in Springfield, IL - Bedrooms: 6 - Bathrooms: 2 - Area: N/A - Year Built: 1973 - Lot: N/A
Listing Agent: Jerry George Brokerage: The Real Estate Group Inc.
Great mixed used income potential property with excellent visibility on the South Grand Ave. a house east from Walnut, the property provides the ideal combination or commercial and residential space, perfect for an investor owner occupied with his/her own business or lease out both units. The front unit has two bedrooms with one full bathroom, leased for $950. The back unit has three office rooms, conference room, reception area and break room with one full bathroom, it was used as a doctors office & massage shop before, comes with a one car attached garage, it can be easily converted to a three bedroom apartment. The property has 1920 SF, full basement with a full bathroom used currently by the property owner. Selling as-is, property is broker owned.
Location
Address
526 South Grand Ave W, Springfield, IL, 62704
City
Springfield
Features and Finishes
Bedrooms: 6, Laundry Features: Private, Basement Features: Full, Cooling Features: Central Air, Heating Features: Electric, Forced Air, Natural Gas, Hot Water, Gas Water Heater, Heating: Yes, Full Bathrooms: 2, Lot Description: Level, Lot Size Dimensions: 160x44, Road Surface Type: Alley Paved, Parking Features: Attached, Parking Total: 6, Elementary School: Butler, High School: Springfield District #186, Middle School: Benjamin Franklin, Gross Income: 27000, Gross Scheduled Income: 27000, Tenant Pays: All Utilities, Number of Units: 2, Bedrooms in Unit-1: 2, Bedrooms in Unit-2: 4, Total Bathrooms in Unit-1: 1, Total Bathrooms in Unit-2: 1, Full Bathrooms in Unit-1: 1, Full Bathrooms in Unit-2: 1, Unit 1 Total Actual Rent: 950, Unit 2 Total Actual Rent: 1300, Maintenance Expense: 2500, Annual Tax Amount: 2101, Source Listing Status: Active, County: Sangamon, Directions: PROPERTY BETWEEN WALNUT AND SOUTH GRAND, PARKING LOT ENTRY S LOWELL, Tax Year: 2025, Source Property Type: Residentia
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