1300 Grand AveSpringfield, IL 62702

For Sale
$650,000

Ten-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Class A, ten-unit apartment building located at 1300 N Grand Ave W, Springfield, IL 62702, presents a compelling investment opportunity. The property boasts 8,000 square feet on a 20,941 square foot lot, encompassing a two-story, all-brick structure. Each of the ten units features two bedrooms and one bathroom, designed for comfortable living. Almost all units have undergone recent renovations, showcasing updated fixtures, flooring, and appliances. The all-electric design, including central air conditioning, promotes energy efficiency and reduces environmental impact. The building is an owner/user investment opportunity, priced at $650,000, or $65,000 per unit, with a price per square foot of $81.25. Its prime location provides convenient access to shopping, dining, schools, and parks, ensuring high occupancy rates and strong rental income. This is a turnkey investment ready for immediate income generation. The property is organized as an LLC.

Highlights

  • Ten-unit apartment building in Springfield, IL.
  • 8,000 square feet on a 20,941 square foot lot; two-story, all-brick construction.
  • Each unit features two bedrooms and one bathroom.
  • Almost all units recently renovated with updated fixtures, flooring, and appliances.
  • All-electric building with central air conditioning.
  • Priced at $650,000 ($65,000 per unit, $81.25 per square foot).

Property Details for 1300 Grand Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
8,000 SF
Class
A
Buildings
1
Stories
2
Units
10

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.816052459022
Longitude
-89.67480017926
1300 Grand Ave, Springfield, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1300 Grand Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message