Residential Income

duplex for sale

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Listed: 02/13/23

2nd & Lawrence, South 2nd Street, Springfield, IL 62706, USA

Studio Bed:

1 Bath:

5,360 Sq Ft Living Area:

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Price

$ 360,000

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About This Duplex

The Frederick R. Feitshans House in Springfield's Old Aristocracy Hill Neighborhood is a beautiful 2 story high-style Gothic Revival Victorian that has been converted to office use but could be renovated to residential. Zoned R5B. Remarkable renovation and approximately 5360 sqft. The main floor level is converted office space with 2 half baths, a reception area that could be a future kitchen. The first floor is leased to a legal office and they are a long term tenant. Upper floor is also converted to office space with 1 full and 1 half bath and is vacant. The reception areas could serve as a future kitchens. 2 separate entrances and hallways for each floor. 2 reception offices. Lot size110 x 158 with approx. 22 spaces of parking in total. Zoned R5-B. Close to the Capital, downtown, and with easy interstate access.

Property Includes

Parking
Roof Composition Shingle
Heating Central Furnace
Heating Forced Air
Fuel Heating Natural Gas

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Duplexes for sale in Springfield

Vinegar Hill Housing & Living

Household Income

Median household income: $51,789

Number of households: 50,693

The average household income in Springfield, IL grew from $50,191 to $51,789 in the past year. This data is an estimate based upon 50,693 households in Springfield, IL.
The chart below presents how household income is distributed in Springfield, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Springfield, IL compared to median property taxes around the country. The prevalent amount of property taxes in Springfield, IL equals $3k+ , which is more than the national average.