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16-Unit Apartment Property

151 & 155 S Durkin Drive, Springfield, IL 62704

For Sale
$1,350,000
Pending

Residential Income, Springfield, IL

Property SizeContact for details
Days on Market21

Property Features for 151 & 155 S Durkin Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 7, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Parking 34
Basement Partial
Lot features Level
High school Springfield District #186
Directions Washingtron to south on Durkin. Property on west side of street
Standard status Pending
APN 14-31.0-126-008

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description Monroe Park Third Plat L 19 Ex W 230' S 20'
Tax Annual Amount 24605
Legal Description Monroe Park Third Plat L 19 Ex W 230' S 20'

Utilities

Heating system Electric (Heating), Forced Air
Cooling system Central Air
Water source Public

Building Details

Number of units 16
Building materials Vinyl Siding
Roof type Shingle
Buildings 2
Listing Agency: The Real Estate Group, Inc.
Listed By: Robert Nevill
Added: Oct 20 Changed: Oct 30 Last Checked: Nov 9 at 6:06AM
MLS# CA1047265

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

At 151 and 155 S Durkin Drive, this apartment property comprises two 8-unit buildings, with two bedrooms and one bathroom in each unit. Surface parking serves the buildings. The property includes vinyl siding, shingle roofing, forced-air and electric heating, and central air conditioning.

The building at 151 S Durkin Drive was remodeled within the last 2 years, including work on the roof, windows, siding, HVAC, and interiors. The building at 155 S Durkin Drive has a new roof and has received additional updates as units became vacant or work was needed. The first building is fully leased; the second has 3 vacancies. Ownership pays water, sewer, and common-area electricity, while residents pay for electricity within their units.

Key Highlights

  • Two 8‑unit apartment buildings at 151 and 155 S Durkin Drive
  • Each unit has 2BR/1BA
  • Surface parking lot

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

602
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two apartment buildings offer matching two-bedroom, one-bathroom layouts and surface parking.
Where is this apartment building located?
The property is located at 151 & 155 S Durkin Drive Springfield, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two 8‑unit apartment buildings at 151 and 155 S Durkin Drive; Each unit has 2BR/1BA; Surface parking lot
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