220-Unit Garden Apartment
For Sale
Contact for pricing
Pending
1833 Seven Pines Rd, Springfield, IL 62704
Thirteen three-story buildings offer one- and two-bedroom residences across a 12.77-acre multifamily community.
Property SizeContact for details
Lot Size12.77 Acres
Days on Market131
Property Features for 1833 Seven Pines Rd
General Information
Standard status
Pending
Lot size
12.77 Acres
Property subtype
Multifamily
Units
Unit Mix
28 x 1BR (750 SF), 192 x 2BR (900 SF)
Multifamily Units
220
Additional Details
Average Monthly Rent
$995
Building Details
Year Built
1973
Buildings
13
Stories
3
Construction
garden-style
Listing Agency:
Colliers - Chicago Downtown, Illinois
(312) 612-5944
Listed By:
Tyler Hague, LEED AP · License #IL 471009171
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Sep 1 at 3:17AM
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.
Pine Ridge is a 220-unit garden apartment property at 1833 Seven Pines Road in Springfield, Illinois. Constructed in 1973, the community includes thirteen three-story buildings on 12.77 acres. The unit mix comprises 28 one-bedroom residences averaging 750 square feet and 192 two-bedroom residences averaging 900 square feet, with an overall average of 881 square feet per unit.
The property is 12 minutes from Downtown Springfield and 7.3 miles from the University of Illinois Springfield. Springfield’s multifamily inventory totals approximately 7,600 units, with vacancy at 6.4% and no new construction currently underway. Market rents have increased 10.3% year over year, while average monthly rent remains below the national average. These conditions provide context for the property’s location within a market characterized by limited recent additions to supply.
The property is 12 minutes from Downtown Springfield and 7.3 miles from the University of Illinois Springfield. Springfield’s multifamily inventory totals approximately 7,600 units, with vacancy at 6.4% and no new construction currently underway. Market rents have increased 10.3% year over year, while average monthly rent remains below the national average. These conditions provide context for the property’s location within a market characterized by limited recent additions to supply.
Key Highlights
- 220‑unit apartment community on 12.77 acres
- Thirteen three‑story buildings constructed in 1973
- Unit mix includes 28 one‑bedroom and 192 two‑bedroom residences
Property Analytics
Current Use
Lease Details
220
Residential units
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Thirteen three-story buildings offer one- and two-bedroom residences across a 12.77-acre multifamily community.
Where is this apartment building located?
The property is located at 1833 Seven Pines Rd Springfield, IL.
What are key features of this property?
This property features: 220‑unit apartment community on 12.77 acres; Thirteen three‑story buildings constructed in 1973; Unit mix includes 28 one‑bedroom and 192 two‑bedroom residences
