Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.
Sold for $576,000 on 01/16/25
$576,000
122 N Parker Ave, Springfield, IL 62702
4beds
4baths
7,800sqft
Multi Family, Apartment
Built in 1985
-- sqft lot
$588,800 Zestimate®
$74/sqft
$1,549 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 16, 2025 at 11:06am
Listed by:
Jacque Combs Mobl: 217-416-7995,
RE/MAX Professionals
Bought with:
Dustin Walker
Heritage Real Estate Group
Source: RMLS Alliance,MLS#: CA1029479
Originating MLS: Capital Area Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Water Heater
- Laundry: Units Hook-Ups
Features
- High Speed Internet
- Basement: None
Interior area
- Total structure area: 7,800
- Total interior livable area: 7,800 sqft
Property
Parking
- Total spaces: 15
- Parking features: Guest, Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 0.44 Acres
- Dimensions: 120 x 160
- Features: Level
Details
- Additional parcels included: 1428.0456008 1428.0456007
- Parcel number: 1428.0456009
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Springfield
- Subdivision: None
Other
Other facts
- Road surface type: Paved
Services availability

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