202 N Springfield Street, Newark, IL, 60541

Originally built as the Lisbon Academy (circa 1845), this very unique 2-story building has been re-zoned R-2 (2-unit apartment building)~Once the upper unit has been completed per the blueprints, each unit to have a living room/dining room, eat-in kitchen, 2-bedrooms & a full bathroom~Great potential here, perfect as an investment property, reside in one unit & rent the other unit out for addt' income or reside in one unit & use the other unit for a home based business! Many recent upgrades/improvements have been made to this building including new windows, a 30-year architectural shingle roof (w/complete tear-off & new 5/8" plywood decking/16" on center), aluminum soffit, vinyl siding, exterior doors/storm doors & exterior lighting~Interior upgrades/improvements to the 1st floor unit include new high efficiency (96% AFUE) Trane furnace, new 3-ton Trane central A/C unit, new hot water heater (electric), water softener, insulation, drywall, paint, interior lighting/ceiling fans, electric (200-amp service) panel, plumbing (w/3-pipe system for hot/cold & recirculating water), reverse osmosis system & sealed sub-flooring~The 1st floor unit is almost ready for occupancy, offering a living room/dining room, a spacious eat-in kitchen w/breakfast bar, 2-bedrooms & a full bath~This 1st floor unit promotes brand new kitchen cabinetry (drawers w/soft-close feature), counter tops, breakfast bar, water filtration system at kitchen sink & a new dishwasher~The 1st floor also features a beautiful new bathroom w/luxury vinyl plank flooring (LVP), a new vanity, new mirror, toilet & shower/tub~This bathroom is also plumbed for a stacked washer & dryer (electric dryer)~Some interior trim/molding work needs to be finished, some window frames need to be completed (the wood is already on-site) & new flooring will need to be installed in LR/DR, kitchen & bedrooms in this unit~The 2nd floor unit has blueprints for a floor plan that is very similar to 1st floor unit & does have some framing done w/a sealed sub-flooring throughout & a new 200-amp electric panel~Some plumbing has also been brought to this upper unit including a new bathtub~This 2nd floor unit features an 11' ceiling & lots of windows for great natural light~This unit could also be finished as a 'loft-style' apartment~This property has a 200' well w/newer well pump (set at 125') & water system (including a newer hydro pneumatic tank)~Each unit has a separate entrance & is set up for separate utilities (gas & electric)~Located on a premium 0.40 acre lot w/ample parking space for residents & guests~Conveniently close to park & Lisbon elementary school!