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422 S LINCOLN Avenue, Springfield, IL 62704

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For Sale

$395,000

5,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $79.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Price adjusted to freshly appraised value! An incredible opportunity awaits with this Beautiful Multifamily property! This 8-unit Boasts a 1 year, renewable master Lease that pays $6200 per month that eliminates concerns with vacancy! The entire building has been updated with modern amenities and features during 2023-2024. Each unit is 1 bed, 1 bath, and a full sized kitchen. Additionally, each unit is separately metered for electric. Feel free to walk the property, but please do not disturb tenants showings can be scheduled with Contingent offers. SQFT is approximate not guaranteed. Current Cap rate is 9.92%
MLS# CA1029287

Courtesy Of Keller Williams Capital

(217) 303-8445

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick, Vinyl Siding
  • Heating Fuel
    Natural Gas
  • Roof Type
    Composition Shingle

Map and Directions

Directions to 422 S LINCOLN Avenue, Springfield, IL 62704

Home seller CENTURY 21 Real Estate Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Real Estate Associates

(217) 789-7200
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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