2510 & 2518 W JEFFERSON Street, Springfield, IL 62702
None · Sangamon County
Key Facts
Description
Fully Occupied 10-Unit Investment Property on 6.5 Acres Excellent opportunity to own a 10-unit multifamily property located in the desirable Springfield High School District. This property consists of two 5-unit buildings (2510 & 2518 W Jefferson) and is fully rented with a total monthly income of $7,965. Tenants pay electric and gas. Owner pays water, sewer, trash, and mowing. Situated on 6.5 acres with R3 County zoning, the property offers future development potential. A duplex previously stood on the property and was lost to a fire many years ago, providing the opportunity to rebuild at least one additional multi-unit structure. There is also ample space for further expansion, subject to zoning and county approval. The property features a creek, wooded areas, and a gazebo, creating a peaceful setting for tenants while still being conveniently located.
Property Information
Property Type
Residential Income
Living Area
6,180 sq ft
Lot Size
6.60 acres
Lot Dimensions
392x132x165x170x200
Parking Spaces
30
Zoning
R3
Days on Market
52
MLS® Listing#
CA1042098
Property Features
Appliances
Cooling
Heating
Basement
Parking
Laundry
Lot Features
Construction
Roof
Sewer
Water Source
Schools
- High:
- Springfield
Financial Details
HOA
Yes
Annual Taxes
$6,601
Tax year 2024
Parcel Number
1430203014
Directions
GPS
Affordability Calculator
$149,960
Estimated monthly payment
$3,991/mo
Principal $599,840 · Est. interest $836,830 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Springfield, IL
- 38
- Median Days on Market
- 1,827
- Median Sq Ft
- $112
- Median Price / Sq Ft
- 176
- Active Listings
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Springfield, IL.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1500 N 5TH Street, Springfield, IL | $525,000 | — | — | 6,850 |
| 15 S Old State Capitol Plaza, Springfield, IL | $525,000 | — | — | 14,000 |
| 975 S Durkin Drive, Springfield, IL | $525,000 | — | — | 12,000 |
| 1610 S 6TH Street, Springfield, IL | $525,000 | — | — | 5,400 |
| 3217 ENFIELD Circle, Springfield, IL | $533,000 | 3 | 3 | 2,063 |
| 2450 Old Beardstown Road, Springfield, IL | $535,000 | 4 | 3 | 3,201 |
Moving Cost Estimate
Listing Courtesy: The Real Estate Group, Inc. - Mobl: 217-313-0580
Presented by: Debra Sarsany