202 N Springfield Street Newark, IL 60541




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Key Details

Property Type: Multi-Family

Listing Status: Active

Purchase Type: For Sale

Lot Size: 0.400 Acres

Year Built: 1845

MLS Listing ID: 10858522

Total Units: 2

Property Description

Own a piece of local history (built circa 1845)~Originally built as the Lisbon Acadamy School, this building is now rezoned R-2 for a 2-unit apartment building~Brand new 30 year shingle roof w/all new decking (16" on center & 5/8" plywood)~All new aluminum soffits & new vinyl siding added to roof peak on both sides of the building~Architectural plans for each unit to have 2-bedrooms, 1 full bath, living room, kitchen & an eating area (view plans on-site)~The 1st floor unit is under construction (per plans) & has been framed w/new support beams added, 2 new windows installed & 5/8" drywall used~Both units have a new sealed plywood sub-flooring~The 1st floor also has some recent wall framing added & some interiors doors have been installed~The 2nd floor unit has a new quality built staircase (wide enough to accommodate chair lift if needed) & 11 new windows have been installed~Each unit has a separate entrance w/new exterior door & new storm door~Each unit will have separate electric service & separate heating/cooling system~The attic has all new insulation~Each unit has a new electrical panel (for 200 amp service)~A new electrical main 3 meter box has been brought to building~The property has a 200' well w/newer well pump (pump set @ 125') & a new water system is in place (includes a new hydro pneumatic tank)~Natural gas brought to property~The chimney/s have been removed~Premium .40 acre corner lot~Large fenced area w/asphalt & grass~Unique building offers many possibilities~Use as intended 2-unit rental, live in 1 unit & rent other unit for additional income~Plenty of parking space for tenants/guests~Located close to park & the highly rated Lisbon Grade School!


State: IL

County: Kendall

Community: Park,Sidewalks,Street Paved

Area: Newark

Zoning: MULTI


Basement: None

Multi-Unit Info

Total Units: 2

Unit 1 Information: SqFt: 1632; Includes: None

Unit 2 Information: SqFt: 1632; Includes: None


Heating: None


Community Features: Park,Sidewalks,Street Paved

Waterfront: No

Parking Type: Space/s

Total Parking Spaces: 6


Lot Description: Corner Lot,Fenced Yard

Lot Dimensions: 132X132

Lot Size Range: .25-.49 Acre

Sewer: Sewer-Storm

Structure Type: Vinyl Siding,Stone,Concrete

New Construction: No


Elementary Schools: Lisbon Grade School

High Schools: Newark Community High School

School District: 90


Senior Community: No

Tax Amount: $1,546

Tax Year: 2019

Ownership: Fee Simple

Special Sale: None

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Listing provided by  Coldwell Banker Real Estate Group

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