Taxes
- Assessed Value: $14,445
- Assessed Year: 2025
- Assessed County: Sangamon
- APN: 14-22.0-437-016
- Assessed Land Value: 2647
- Market Land Value: 7941
- Tax Amount: 683.74
- Tax Year: 2025
- Market Value: 43335
- Market Year: 2025
1501 N Michigan Ave; Springfield, IL Property Details
Off market
1501 N Michigan Ave Springfield, IL 62702
$37,500 Listing Price
2 Beds
1 Baths
700 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Purchase Price: $37,500
- Est. Equity / %: $81,000 / 100%
- Inv. Liens: 1
- Gross Yield: 22.963%
- APN: 14-22.0-437-016
- Situs County: Sangamon
- Length Of Ownership: 16 years, 8 months
Rooms
- Bedrooms: 2
- Bathrooms: 1
Measurements
- Total: 700/SqFt
- Lot: 5,434/SqFt
- Price Per Square Foot: $53.57
Legal Description
- Description: L 128 RESERVOIR PARK PLACE
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Springfield School District 186
- Lat / Lon: 39.82008 / -89.63531
- Subdivision: Reservoir Park Place
- Property Class: Residential
- County Use Code: 40
Amenities
- Plus Four: 2824
HOA
- H O A One: $2,616
- H O A Amount: $2,616
- H O A One Frequency: Annual
- H O A One Type: Home Owner Association
Ownership Info
1501 N Michigan Ave has no associated ownership info
1501 N Michigan Ave has no associated ownership info.
Taxes
1501 N Michigan Ave has 10 associated Taxes items
1501 N Michigan Ave, Springfield, IL pays taxes in Sangamon County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $14,445. The APN we've located for 1501 N Michigan Ave is 14-22.0-437-016.
Unlock the full reportTax History
1501 N Michigan Ave has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $14,445 | Land Value $2,647 | Improvement Value $11,798 | Tax Amount $683.74 | Change Rate +0.089278% | Assessed CR | Tax Rate +0.047334% |
| Year 2024 | Assessed Value $13,473 | Land Value $2,469 | Improvement Value $11,004 | Tax Amount $627.7 | Change Rate +0.125879% | Assessed CR | Tax Rate +0.046589% |
| Year 2023 | Assessed Value $12,306 | Land Value $2,255 | Improvement Value $10,051 | Tax Amount $557.52 | Change Rate +0.096703% | Assessed CR | Tax Rate +0.045305% |
| Year 2022 | Assessed Value $11,673 | Land Value $2,139 | Improvement Value $9,534 | Tax Amount $508.36 | Change Rate +0.078634% | Assessed CR | Tax Rate +0.04355% |
| Year 2021 | Assessed Value $11,236 | Land Value $2,059 | Improvement Value $9,177 | Tax Amount $471.3 | Change Rate +0.018499% | Assessed CR | Tax Rate +0.041946% |
| Year 2020 | Assessed Value $11,253 | Land Value $2,062 | Improvement Value $9,191 | Tax Amount $462.74 | Change Rate +0.434764% | Assessed CR | Tax Rate +0.041121% |
| Year 2019 | Assessed Value $11,214 | Land Value $2,055 | Improvement Value $9,159 | Tax Amount $322.52 | Change Rate | Assessed CR | Tax Rate +0.02876% |
| Year 2018 | Assessed Value $8,316 | Land Value $2,045 | Improvement Value $6,271 | Tax Amount $322.52 | Change Rate +0.008001% | Assessed CR | Tax Rate +0.038783% |
| Year 2017 | Assessed Value $8,209 | Land Value $2,019 | Improvement Value $6,190 | Tax Amount $319.96 | Change Rate +0.005152% | Assessed CR | Tax Rate +0.038977% |
| Year 2016 | Assessed Value $8,090 | Land Value $1,990 | Improvement Value $6,100 | Tax Amount $318.32 | Change Rate -0.002319% | Assessed CR | Tax Rate +0.039347% |
| Year 2015 | Assessed Value $7,993 | Land Value $1,966 | Improvement Value $6,027 | Tax Amount $319.06 | Change Rate +0.008662% | Assessed CR | Tax Rate +0.039917% |
| Year 2014 | Assessed Value $7,941 | Land Value $1,953 | Improvement Value $5,988 | Tax Amount $316.32 | Change Rate +0.022829% | Assessed CR | Tax Rate +0.039834% |
| Year 2013 | Assessed Value $7,948 | Land Value $1,953 | Improvement Value $5,995 | Tax Amount $309.26 | Change Rate | Assessed CR | Tax Rate +0.03891% |