Land contract
Land Contract Deal · Single Family · Springfield, IL
3430 Constitution Dr, Springfield, IL · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units3
Beds / baths5 / 3.5
Living area2,170 sqft
Lot0.4 acres
Year built1983
About this deal
Contract-for-deed opportunity in Springfield, IL. Single Family with 3 beds and 2.0 baths, 1,936 sq ft, built 1936. Price $235,000. Buyer takes possession immediately; seller holds title until paid. Great for investors and owner-occupants who prefer installment purchases.
The numbers
- Cap rate
- 8.3%
- Net operating income
- $18,816/yr
- Cash flow
- +$1,568/mo
- Occupancy
- 2 of 3 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.