2 Level apartment building with Eight (8) 2BR/1BA units. High-income potential with MTM leases, allowing immediate value-add opportunities. This well-maintained building features new windows with lifetime warranties, new balconies, a newer roof, and a new coin-op dryer. Four units have been remodeled, and each unit includes a spacious primary bedroom with a walk-in closet. Prime central location, just 5 minutes from Lake Springfield and 10 minutes from the medical district, with easy access to shopping, restaurants, and major interstates—a major draw for commuters and remote workers alike. Strong rental demand keeps occupancy high, making this a stable and profitable investment. Mom-and-pop owned and meticulously maintained. Don’t miss this rare find—call today!
Pending
$499,900
2875 Taylor Ave, Springfield, IL 62703
8beds
4baths
8,646sqft
Est.:
Multi Family, Apartment
Built in 1983
-- sqft lot
$488,500 Zestimate®
$58/sqft
$-- HOA
What's special
New balconiesNewer roof
- 56 days
- on Zillow |
- 18 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2025 at 01:01pm
Listed by:
Kyle T Killebrew Mobl:217-741-4040,
The Real Estate Group, Inc.
Source: RMLS Alliance,MLS#: CA1034719
Originating MLS: Capital Area Association of Realtors


Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area, Owned Equipment
Features
- Basement: Crawl Space
Interior area
- Total structure area: 8,646
- Total interior livable area: 8,646 sqft
Video & virtual tour
Property
Parking
- Total spaces: 17
- Parking features: Guest
Lot
- Size: 0.48 Acres
- Features: Level
Details
- Parcel number: 22110251009
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $58/sqft
- Annual tax amount: $8,867
- Date on market: 3/2/2025
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