$4,738

closing credit¹

118 W Laurel St Springfield, IL 62704

$399,000
Multi-Family

Property details

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.

Highlights

Home typeMulti Family
HeatingBaseboard, Electric, Heat Pump, Central, Other
StatusActive
BasementYes
Year built1962
ParkingAlley Access, Guest Parking, Oversized, Parking Pad
MLS #CA1033043

Summary

  • MLS Number: CA1033043
  • MLS Name: RMLSA
  • 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. Properties displayed may be listed or sold by various participants in the MLS.

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 © 2025 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: 2/4/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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exterior space

$399,000

118 W Laurel St

$4,738

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Mar 31, 2023
Home Sold
$200,000
May 11, 2018
Home Sold
$158,500

Tax history

YearAssessmentProperty Tax
2023$100,773$8,909
2022$61,622$5,521
2021$59,315$5,338
2020$59,404$5,232
2019$59,197$5,421
2018$64,171$5,421
2017$63,341$5,309

History based on county public records data.

Nearby schools

4

Black Hawk Elementary School

Public District KG-5

0.7 mi

2500 S College St

6

Butler Elementary School

Public District KG-5

0.8 mi

1701 S MacArthur Blvd

2

Harvard Park Elementary School

Public District PK-5

1.0 mi

2501 S 11th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,705. Residents of Springfield, IL typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

48%
<35k
40%
35k-100k
11%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

54%
Single, No Kids
14%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
10%
12-17 yrs old
31%
18-34 yrs old
38%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • College BasketballCollege Basketball
  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • DillardsDillards
  • Family DollarFamily Dollar
  • Books-a-MillionBooks-a-Million

Where do the neighbors go to eat?

  • Logan's RoadhouseLogan's Roadhouse
  • White CastleWhite Castle
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • HyundaiHyundai
  • ChevroletChevrolet
  • ToyotaToyota

What do the neighbors listen to?

  • RockRock
  • Adult HitsAdult Hits
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 118 W Laurel St in Springfield, IL and zip code 62704. Features: 0 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $399,000.

In January 2025 more than 22 listings in Springfield, IL were sold above the asking price. During the same period more than 22 listings were sold at asking price, while more than 46 were sold below. The number of homes for sale in Springfield, IL decreased by 14.8% between December and January 2025. In January 2025 median list price was $169,090 and the average listing age was 23 days.

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

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