1518 3rd St
Springfield, IL 62702
3 bd 1,900 sqft Built 1940 Lot 7,530 sqft single_family
Most recent sale
$174,000
Aug 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 25, 2024 | Sold | $185,500 | Public Record |
| Aug 9, 2022 | Sold | $174,000 | Public Record |
| May 15, 2022 | Listed | $160,000 | MLS #CA1014297 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $54,329 | $5,142 | $59,471 | $4,329 |
| 2024 | $42,353 | $4,796 | $47,149 | $3,456 |
| 2023 | $38,686 | $4,381 | $43,067 | $3,277 |
| 2022 | $34,037 | $4,155 | $38,192 | $3,238 |
| 2021 | $32,763 | $3,999 | $36,762 | $1,533 |
| 2020 | $32,812 | $4,005 | $36,817 | $1,501 |
| 2019 | $32,698 | $3,991 | $36,689 | $1,478 |
| 2018 | $32,539 | $3,972 | $36,511 | $1,440 |
| 2017 | $32,118 | $3,921 | $36,039 | $1,428 |
| 2016 | $31,650 | $3,864 | $35,514 | $1,421 |
| 2015 | $31,272 | $3,818 | $35,090 | $1,424 |
| 2014 | $29,590 | $3,792 | $33,382 | $1,412 |
| 2013 | $29,590 | $3,792 | $33,382 | $1,381 |
| 2012 | $29,590 | $3,792 | $33,382 | $1,434 |
| 2010 | $29,306 | $3,756 | $33,062 | $1,377 |
| 2009 | $28,890 | $3,703 | $32,593 | $1,355 |
| 2008 | $27,725 | $3,554 | $31,279 | $1,401 |
| 2007 | $27,394 | $3,512 | $30,906 | $1,443 |
| 2006 | $27,394 | $3,512 | $30,906 | $1,493 |
| 2005 | $25,402 | $3,343 | $28,745 | $1,565 |
Property facts
Year built
1940
Property type
single_family
Stories
—
Beds
3
Baths
—
Living area
1,900 sqft
Lot size
7,530 sqft
ZIP code
62702
City
Springfield
Street
3rd St
Coordinates
39.82152, -89.65155
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,044
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1518 3rd St last sell?
1518 3rd St most recently sold on Aug 9, 2022 for $174,000.
What is the current tax assessment for 1518 3rd St?
The most recent total assessment for 1518 3rd St (year 2025) is $59,471 with $4,329 in property tax.
How does 1518 3rd St's assessment compare to its last sale price?
The current assessment is 65.8% below the last sale price of $174,000.
When was 1518 3rd St built?
1518 3rd St was built in 1940.
How does 1518 3rd St compare to others on 3rd St?
We track 8 other properties on 3rd St. Browse the list under "Other properties on 3rd St" to compare beds, baths, and sale history.
What are the property facts for 1518 3rd St?
1518 3rd St is a 3 bed, 1,900 sqft, 7,530 sqft lot single_family.
Is 1518 3rd St a flip candidate?
No — 1518 3rd St does not appear in our flips dataset.
Is 1518 3rd St a tax-appeal candidate?
No — 1518 3rd St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q3
$159K
2026 Q4
$163K
ZIP 62702 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 3rd St