Homes for sale - 608 S NEW ST, Springfield, IL 62704

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Chris Rothan

chris@therothangroup.com +1(309) 868-2841

Listed by KyleT Killebrew • The Real Estate Group, Inc.

$409,000

Est. payment - /mo

3,520 SqFt

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 3,520 sqft

Price per Sqft $116

MLS Listing ID CA1035238

Maintenance Fees $3,762

Originating Board rmlsa

Year Built 1937

Annual Tax Amount $5,490

Tax Year 2023

Lot Dimensions 94 x 80

Property Sub-Type Residential Income

Property Description

This rare investment opportunity offers both immediate income & significant upside potential. Complex features 7 apartment units in a quiet, convenient setting right in the heart of downtown. There's strong tenant appeal with five of the seven units featuring spacious private balconies and all units offering attractive amenities like large windows (some with stunning views), built-in cabinetry, generous closets & efficient layouts. Tenants enjoy mature landscaping, a convenient, common laundry area and modest yet functional floor plans that promote long-term tenancy. The top floor unit is an expansive 1BR penthouse style suite with a jetted tub, separate shower and a private balcony boasting exceptional views which makes it ideal for a premium long-term tenant or a high-performing vacation unit. In 2024, the sewer line from the building to the city main was fully upgraded with new PVC piping. This central location is ideal for commuters and remote workers alike in a high-demand rental area that's within walking distance to government offices, state agencies and many major medical employers.

Location

State IL

County Sangamon

Area Springfield

Direction Located On New Street Between Lawrence And Edwards.

Rooms

Basement Full

Interior

Interior Features Cable Available

Heating Forced Air, Central Air

Fireplace N

Laundry Common Area

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 7

Garage 1

Building

Lot Description Level

Faces Located On New Street Between Lawrence And Edwards.

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1383691Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":800,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1383691Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":725,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1383691Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1383691Group_4\"}]

Foundation Concrete

Water Public Sewer, Public

Structure Type Wood Siding

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 14330254002

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Chris Rothan

+1(309) 868-2841

Broker | License ID: 475175860

Broker License ID: 475175860

608 S NEW ST Springfield, IL 62704

Chris Rothan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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608 S NEW ST