Income Property

InvestmentSaleLandMulti-Family 2,398 SF
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612 N 5th St
Springfield, IL 62702
Price: $275,000 (Previously $289,000)
Building Size: 2,398 SF
Available Space: 2,398 SF
Lot Size (acre): 0.129 AC
Zoning: R-5B
Tax PIN: 14-27.0-330-006
RE: $4,102.44
Year Built/Renovated: 1895 / 2020
Track: 12/0009.00

Property Description

Income/investment property, with a classic and modern appeal. Extensive and beautiful renovation completed in 2020.  Has maintained 100% occupancy attracting medical professionals as tenants.  Appraised for refinancing at $302,000.00.  2023 Net operating income = $22,680.  Onsite Utilities include electric, gas, sewer and water.

Property owned by licensed Illinois real estate broker.

Area Description

Property is located immediately north of downtown Springfield in the heart of the Medical District, just one block from the new YMCA.