1 month on rocket

118 W Laurel St, Springfield, IL, 62704

$410,000

Home List Price

$4,869*

Closing Credit

0 Baths
Multi

Location

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118 W Laurel St, Springfield$410,000

Buyer Closing Credits

$4,869*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAlley Access, Guest Parking, Oversized, Parking Pad
Year Built1962
HeatingBaseboard, Electric, Heat Pump, Central, Other
BasementYes
MLS #CA1033043
StatusActive

About 118 W Laurel St

Grasp this opportunity to purchase 9 apartments and 4 commercial spaces with a massive parking lot! This building comes with plans and permits for removing balcony on front and sides as well as replacing rear balcony and stairs. Tons of updates both cosmetically and mechanically throughout! video tour available Each of the 4 commercial spaces is approximately 975 sqft on ground level! Seven of the apartments are approximately 590 sqft Six are located on top floor One is in lower level with egress. Two 2 bedroom apartments are approximately 902 sqft on lower level with egress. 8 apartments have in unit laundry hookups. The lot connecting to myrtle is also included.

Property Details

Property Features

Property Information:

  • Year Built: 1962

Listing Office:

  • Office Name: Real Broker, LLC
  • Office Phone: (217) 960-8605
  • Listing Agent: Jay Myers

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Storage

Exterior Features

Parking Information:

  • Parking: Alley Access, Guest Parking, Oversized, Parking Pad

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Heat Pump, Central, Other

Other

Directions Information:

  • Directions: traveling north on south 6th turn left onto west Laurel

Price Information

Listing Price Info

Price Summary:

  • List Price: $410,000

Tax Information:

  • Annual Amount: $5,233
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Springfield, IL.

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Springfield, IL

City

Med. Sold Price

$169.9K

Med. Price/SqFt

$103

Avg. Days On Market

16

# of Sold Homes

128

118 W Laurel St vs Springfield

36 DAYS ON ROCKET

+20 Days

$410,000

+$240K More

KEY TAKEAWAY

This property is $240K more than the Median Sold Price in Springfield, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: RMLSA
  • MLS Number: #CA1033043

Listing Office:

  • Office Name: Real Broker, LLC
  • Office Phone: (217) 960-8605
  • Listing Agent: Jay Myers

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 11, 2018Home Sold
$158,500

Tax History

YEARPROP. TAXASSESSMENT
2020$5,233$59,404
2019$5,422$59,197
2018$5,422$64,171
2017$5,310$63,341

History based on county public records data.

Payment Calculator

$2,114

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,296

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4497579
4
/10

  • Black Hawk Elementary School

  • 2500 S College St

  • 0.73 miles

  • Public District Grades KG-5

school-card-donut-4497580
6
/10

  • Butler Elementary School

  • 1701 S MacArthur Blvd

  • 0.81 miles

  • Public District Grades KG-5

school-card-donut-4497581
2
/10

  • Harvard Park Elementary School

  • 2501 S 11th St

  • 1.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,705. Residents of Springfield, IL typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Illinois›Sangamon County›Springfield›62704›118 W Laurel St

This home is located at 118 W Laurel St in Springfield, IL and zip code 62704. This home was built in 1962. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $410,000.

In November 2024, from all listings sold in Springfield, IL there were more than 42 sold above asking price, over 61 sold below and more than 25 were sold right at the asked price. In November 2024 in Springfield, IL there were 6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 16 days, the median list price was $169,915.

From Rocket Homes Real Estate and based on county public records data.

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