202 N Springfield Street
Newark, IL 60541

  • 2 beds
  • 2 baths
  • – sqft
  • ~1/2 acre lot
  • on site

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Originally built as the Lisbon Academy (circa 1845), this very unique 2-story building has been re-zoned R-2 (2-unit apartment building)~Once the upper unit has been completed per the blueprints, each unit to have a living room/dining room, eat-in kitchen, 2-bedrooms & a full bathroom~Great potential here, perfect as an investment property, reside in one unit & rent the other unit out for addt' income or reside in one unit & use the other unit for a home based business! Many recent upgrades/improvements have been made to this building including new windows, a 30-year architectural shingle roof (w/complete tear-off & new 5/8" plywood decking/16" on center), aluminum soffit, vinyl siding, exterior doors/storm doors & exterior lighting~Interior upgrades/improvements to the 1st floor unit include new high efficiency (96% AFUE) Trane furnace, new 3-ton Trane central A/C unit, new hot water heater (electric), water softener, insulation, drywall, paint, interior lighting/ceiling fans, electric (200-amp service) panel, plumbing (w/3-pipe system for hot/cold & recirculating water), reverse osmosis system & sealed sub-flooring~The 1st floor unit is almost ready for occupancy, offering a living room/dining room, a spacious eat-in kitchen w/breakfast bar, 2-bedrooms & a full bath~This 1st floor unit promotes brand new kitchen cabinetry (drawers w/soft-close feature), counter tops, breakfast bar, water filtration system at kitchen sink & a new dishwasher~The 1st floor also features a beautiful new bathroom w/luxury vinyl plank flooring (LVP), a new vanity, new mirror, toilet & shower/tub~This bathroom is also plumbed for a stacked washer & dryer (electric dryer)~Some interior trim/molding work needs to be finished, some window frames need to be completed (the wood is already on-site) & new flooring will need to be installed in LR/DR, kitchen & bedrooms in this unit~The 2nd floor unit has blueprints for a floor plan that is very similar to 1st floor unit & does have some framing done w/a sealed sub-flooring throughout & a new 200-amp electric panel~Some plumbing has also been brought to this upper unit including a new bathtub~This 2nd floor unit features an 11' ceiling & lots of windows for great natural light~This unit could also be finished as a 'loft-style' apartment~This property has a 200' well w/newer well pump (set at 125') & water system (including a newer hydro pneumatic tank)~Each unit has a separate entrance & is set up for separate utilities (gas & electric)~Located on a premium 0.40 acre lot w/ample parking space for residents & guests~Conveniently close to park & Lisbon elementary school!

Midwest Real Estate Data logo Listing courtesy of MRED / Coldwell Banker Real Estate Group as distributed by MLS GRID MLS GRID logo

Last checked: Checking… • Last updated Apr 19, 2024 •

MLS# 11693075 —

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Sale history

Date Event Source Price % Change
9/6/23
Sold MRED $200,000 -27.3%
7/12/23
Sold Subject To Contingencies MRED $275,000
12/30/22
Listed / Active MRED $275,000

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Multifamily Sold on 9/6/2023

$200,000

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Listing provided by broker:

Robin Freiman

Coldwell Banker Real Estate Group

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Midwest Real Estate Data logo Listing courtesy of MRED, Coldwell Banker Real Estate Group, and Robin Freiman as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The 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.
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Based on information submitted to MLS GRID as of Apr 19, 2024, 11:41 am. 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.