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    2875 Taylor Ave Springfield, IL 62703

    For Sale
    $599,900

    Residential Income - Springfield, IL

    Property size:
    8,646 SF
    Lot size:
    0.48 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 8 at 7:06 pm

    Property Features for 2875 Taylor Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    22-11.0-251-009
    Parking
    15
    Parking features
    Guest
    Interior features
    Cable Available
    Exterior features
    Level
    Size
    8,646 SF
    Lot size
    0.48 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Number of units
    8
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent Jerry George (217) 787-7000 License #475159363

    Listing date Nov 24, 2025

    MLS# CA1040690 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

    Springfield Multifamily Investment Opportunity

    This is an 8-unit apartment complex featuring all 2-bedroom, 1-bath units with walk-in closets. The property is located in a convenient location just 10 minutes from the Medical District, with easy access to shopping, restaurants, and major interstates. The property offers strong rental income and long-term upside. Recent updates include updated electrical and fresh paint. New balconies and a new roof were installed in 2017. New carpet in common areas is planned for November 2025. The property is situated on a 0.48-acre lot. The building has 8646 square feet of space and is located in Springfield, IL.
    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 Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.617243
    Latitude
    39.7652

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment complex near Medical District.
    Where is this apartment building located?
    The property is located at 2875 Taylor Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Strong rental income from a well-maintained 8-unit apartment complex.; - All units are desirable 2-bedroom, 1-bath with walk-in closets.; - Convenient location: 10 minutes from the Medical District with easy access to shopping, restaurants, and major interstates.
    (217) 787-7000
    Request Owner's contact information
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    Springfield, IL 62703
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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
    2875 Taylor Ave Springfield, IL 62703
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