125-131 S Sangmon Street, Lincoln, IL 62656

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Listed by Coldwell Banker Cornerstone - View Local Website
$299,900 USD
N/A Bedrooms
N/A Baths
18260 SqFt
MLS: 20130071
Location: Lincoln, IL 62656 Property Taxes: $6,168/year (estimated) Prop Type: Multi-Family Year Built: 1880 Lot size: 9180.00 Stories: 2
 
 
 

Contact Sue Pinney

 
Sue Pinney -  Suite One,Lincoln Real Estate Agent
Office: Coldwell Banker Cornerstone Address: 303 S. Kickapoo Street, Suite One, Lincoln, IL 62656 Office Phone: (217) 732-8353 Fax: (217) 732-1177 Email:
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Description

 
About 125-131 S Sangmon Street, Lincoln, IL 62656

investors dream come true.10.4% cap rate! An elegant,beautifully designed townhouse plus collect rent on other 8 units.This apartment complex located in historic downtown Lincoln just 2 blocks off the square. Townhouse is 4400 square feet of beauty with 2 fireplaces.it features an open living concept with living room with amazing fireplace dining room and kitchen in one large space. Featuring 3 bedrooms.master bedroom large with 2 large closets and a master bath.It also has a 1/2 bath and a separate tub and shower room.Family room is nice and cozy with steps down to library with fireplace and back entryway to parking .There is also a working electric elevator in townhouse .This property has a lot of charm The 8 furnished apartments all vary in sizes designs and electric or gas heat.Tenants pay own heat and electric bill.Tenants also pay surcharge for trash,sewer and water.Parking lot with 15 cars capacity is in rear of building for tenants.Property has a full basement with lots of room for storage or work shop area.Additional storage space on main level too .

Features

 
General
Appliances: Microwave
Appliances: Refrigerator
Age: Over 50 Years Old
General: Elevator
Special Program: Historic Property
Area Description: Historic / Antique
General: Ceiling Fan(s)
General: Skylight
Appliances: Range / Oven
Feature
Cooling: A/C
Cooling: Other A/C
Heating - Fuel Type: Gas
Heating - Fuel Type: Electric
Cooling: Wall Unit A/C
Fireplace Description: Gas
Outdoor
Lot Size: Under 1/2 Acre
Water: City Water
Roof: Rubber
Sewer: City
Style: Multi-Family (5-20 Units)
Exterior Description: Brick

Neighborhood

 
Located in Logan County, this neighborhood in Lincoln has a population of 20598.
Median Age37
Married37%
Median Income$44,779
Households with Children30%

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