IL > Springfield
Springfield, IL 62704,506 S WALNUT ST
Springfield, IL 62704,506 S WALNUT ST
Springfield, IL 62704,506 S WALNUT ST
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Shelley Berendt

Shelley Berendt

+1(217) 741-7227
Listed by KyleT Killebrew • The Real Estate Group, Inc.
$182,500
Est. payment /mo
3,236 SqFt
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UPDATED:

11/11/2024 08:02 PM

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 3,236 sqft

Price per Sqft $56

MLS Listing ID CA1031314

Originating Board rmlsa

Year Built 1923

Annual Tax Amount $2,532

Tax Year 2023

Lot Dimensions 228 x 42

Property Description

This four-unit investment property in the heart of Springfield offers strong income potential and a prime location near the medical district, downtown, and state buildings?perfect for attracting renters from these communities. The property consists of one main floor unit, two second-floor units, and a fourth unit on the finished third floor, each featuring 2 bedrooms, 1 bath, and a formal living space. Tenants pay for gas and electric (separately metered), while the landlord covers water and trash. The first-floor unit currently rents for $830/month on a month-to-month lease. Two of the three furnaces are new within the last five years, with central air in the first and third floors, and window AC on the second floor. The roof is approximately 7-8 years old. The property includes one parking space in front and additional parking in the back. Whether you?re looking to maximize rental income or live in one unit while renting out the others, this well-maintained property in a desirable area presents a fantastic investment opportunity.

Location

State IL

County Sangamon

Area Springfield

Direction From W Lawrence North on Walnut (just past W Edwards St) to 506 on Right

Rooms

Basement Full, Unfinished

Interior

Interior Features Cable Available

Heating Heating Systems - 2+, Forced Air, Gas, Central Air, Window Unit(s)

Fireplace N

Laundry None

Exterior

Exterior Feature Fence

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 4

Garage 1

Building

Lot Description Level

Faces From W Lawrence North on Walnut (just past W Edwards St) to 506 on Right

Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":795,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1367362Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1367362Group_2\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1367362Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1367362Group_4\"}]

Foundation Brick

Water Public Sewer, Public

Structure Type Other

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 14-33.0-251-009

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Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

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506 S WALNUT ST

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