Great investment property with a reliable tenant in place, currently renting for $1,100/month. Tenant covers all utilities, lawn care, and trash. Recent updates include a new water heater system and some plumbing improvements—low maintenance and immediate cash flow!
Sold for $75,000
$75,000
1903 S 16th St, Springfield, IL 62703
3beds
1,337sqft
Single Family Residence, Residential
Built in 1940
4,880 Square Feet Lot
$78,500 Zestimate®
$56/sqft
$1,224 Estimated rent
Home value
$78,500
$71,000 - $86,000
$1,224/mo
Zestimate® history
Owner options
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$1,224/mo
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$1,224/mo
Rent Zestimate®
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$441/mo
Est. payment
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$441/mo
Est. payment
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List your homeWhat's special
Plumbing improvementsNew water heater system
Zillow last checked:
Listing updated:
Listed by:
Jay Myers Pref:217-502-9339,
Real Broker, LLC
Bought with:
Jay Myers, 475202466
Real Broker, LLC
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1037929
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: Main
- Dimensions: 14ft 0in x 9ft 0in
Bedroom 2
- Level: Upper
- Dimensions: 13ft 0in x 11ft 0in
Bedroom 3
- Level: Main
- Dimensions: 13ft 0in x 12ft 0in
Other
- Level: Main
- Dimensions: 13ft 0in x 12ft 0in
Additional room
- Description: pantry
- Level: Main
- Dimensions: 6ft 0in x 5ft 0in
Additional room 2
- Description: Back Entry
- Level: Main
- Dimensions: 11ft 0in x 6ft 0in
Kitchen
- Level: Main
- Dimensions: 13ft 0in x 14ft 0in
Living room
- Level: Main
- Dimensions: 14ft 0in x 12ft 0in
Main level
- Area: 889
Upper level
- Area: 448
Heating
- Forced Air
Appliances
- Included: Range, Refrigerator
Features
- Basement: Daylight,Unfinished
Interior area
- Total structure area: 1,337
- Total interior livable area: 1,337 sqft
Property
Parking
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 4,880 Square Feet
- Dimensions: 40 x 122
- Features: Level
Details
- Parcel number: 2203.0281019
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Aluminum Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Springfield
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $56/sqft
- Tax assessed value: $38,295
- Annual tax amount: $1,072
- Date on market: 7/18/2025
- Cumulative days on market: 41 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/7/2025 | Sold | $75,000$56/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #CA1037929 Report a problem | ||
| 8/28/2025 | Pending sale | $75,000$56/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1037929 Report a problem | ||
| 7/18/2025 | Listed for sale | $75,000+89.9%$56/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1037929 Report a problem | ||
| 3/10/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/27/2024 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/15/2024 | Sold | $39,500-20.8%$30/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1026973 Report a problem | ||
| 2/4/2024 | Contingent | $49,900$37/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1026973 Report a problem | ||
| 1/26/2024 | Listed for sale | $49,900$37/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1026973 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,072 +7.9% | $12,765 +13.5% |
| 2023 | $994 | $11,242 +5.4% |
| 2022 | -- | $10,664 +3.9% |
| 2021 | -- | $10,264 -0.2% |
| 2020 | -- | $10,280 +0.4% |
| 2019 | -- | $10,244 -10% |
| 2018 | $33 +63% | $11,385 +1.3% |
| 2017 | $20 | $11,238 +1.5% |
| 2016 | -- | $11,074 +1.2% |
| 2015 | -- | $10,942 +0.7% |
| 2014 | -- | $10,871 -6.2% |
| 2013 | -- | $11,593 |
| 2012 | $127 +132% | $11,593 |
| 2011 | $55 +1.6% | $11,593 +1% |
| 2010 | $54 +1.6% | $11,482 +1.4% |
| 2009 | $53 -69.7% | $11,319 +4.2% |
| 2008 | $174 +89.5% | $10,862 +7.7% |
| 2007 | $92 -30.9% | $10,082 +3.8% |
| 2006 | $133 | $9,712 |
Find assessor info on the county website
Neighborhood: 62703
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Nearby schools
GreatSchools rating
- 6/10Butler Elementary SchoolGrades: K-5Distance: 1.9 mi
- 4/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Springfield Southeast High SchoolGrades: 9-12Distance: 0.7 mi
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$78,500
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$80,070
- Illinois
- Sangamon County
- Springfield
- 62703
- 1903 S 16th St
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