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608 S NEW ST Springfield, IL 62704
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Key Details
Sold Price $410,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $116
MLS Listing ID CA1035238
Sold Date 05/30/25
Maintenance Fees $3,762
Year Built 1937
Annual Tax Amount $5,490
Tax Year 2023
Lot Dimensions 94 x 80
Property Sub-Type Residential Income
Source rmlsa
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
Cooling 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 Perimeter
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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