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    2309 W Lawrence Ave Springfield, IL 62704

    For Sale
    $859,900

    Residential Income - Springfield, IL

    Property size:
    10,800 SF
    Days on Market:
    56
    Last Refresh:
    Dec 9 at 3:06 pm

    Property Features for 2309 W Lawrence Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    14-31.0-280-018
    Parking
    12
    Size
    10,800 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    12
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Julie Davis (217) 787-7000 License #471011887

    Listing date Oct 15, 2025

    MLS# CA1036697 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained 12-Unit Apartment Complex

    This well-maintained, all-brick apartment complex is located on the westside of Springfield, IL. The property consists of two buildings, each containing 6 spacious units, totaling 12 units. The complex is situated in close proximity to restaurants, offices, and shopping. The property has been thoughtfully updated over the years. Recent improvements include several new HVAC systems, new flooring and fresh paint in turnover units, updated appliances in select units, and a new sump pump installed in the basement. Approximately 8 to 10 units have been updated during tenant turnover. The property size is 10800 square feet. This turnkey investment offers immediate cash flow in a strong rental market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.694163
    Latitude
    39.794878

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    FAQs

    What type of property is this?
    Apartment building - Turnkey investment property with immediate cash flow in a strong market.
    Where is this apartment building located?
    The property is located at 2309 W Lawrence Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $859,900.
    What are key features of this property?
    This property features: - Turnkey investment with immediate cash flow potential.; - Well-maintained 12-unit brick apartment complex.; - Excellent Westside location near restaurants, offices, and shopping.
    (217) 787-7000
    Request Owner's contact information
    2309 W Lawrence Ave Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2309 W Lawrence Ave Springfield, IL 62704
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