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129-Unit Apartment Community
For Sale
Contact for pricing
Pending

1700 W Washington St, Springfield, IL 62702

Multifamily property with studio, one-bedroom, and two-bedroom residences plus extensive resident services and shared amenities.

Property SizeContact for details
Days on Market142

Property Features for 1700 W Washington St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 129

Amenities

walk-in closets
patios or balconies
safety handrails
wheelchair access
full-service dining room
fitness center
library
on-site café
housekeeping
guest suites
organized wellness activities

Building Details

Year Built 1986
Listing Agency: Colliers - Chicago Downtown, Illinois
Listed By: Tyler Hague, LEED AP · License #471009171
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 10:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Chicago Downtown, Illinois

Investment Insights

Based on property information with market context.

This 129-unit apartment community, built in 1986, includes studio, one-bedroom, and two-bedroom residences averaging 518 square feet. Individual units feature walk-in closets, patios or balconies, safety handrails, and wheelchair access. Shared facilities include a full-service dining room, fitness center, library, on-site café, guest suites, housekeeping, and organized wellness activities.

The property is located at 1700 W Washington Street in Springfield, Illinois, approximately 2 miles or a 7-minute drive from Downtown Springfield. Hospitals, retail centers, and public transportation are identified in the surrounding area. The unit mix and combination of residential services and common amenities support a range of apartment-community operating models.

Key Highlights

  • 129‑unit apartment community constructed in 1986
  • Studio, one-, and two‑bedroom units averaging 518 square feet
  • Units include walk‑in closets and patios or balconies

Property Analytics

Current Use

Hickory Glen Apartment Complex Presbyterian Church Church

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Food Market Grocery & Convenience Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

129
Residential units

Location Intelligence

Trade Area within ½ mile

519
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with studio, one-bedroom, and two-bedroom residences plus extensive resident services and shared amenities.
Where is this apartment building located?
The property is located at 1700 W Washington St Springfield, IL.
What are key features of this property?
This property features: 129‑unit apartment community constructed in 1986; Studio, one-, and two‑bedroom units averaging 518 square feet; Units include walk‑in closets and patios or balconies
(312) 612-5944 Call to check price and availability
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