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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

    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.

    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#: CA1029479MLS LogoOriginating 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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    An equal housing lender. NMLS #10287.