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Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

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For Sale

$749,800

MULTI_FAMILY - Springfield, IL

Lot size:

6.60 Acres

HighLights

Fully occupied 10‑unit property generating $7,965 monthly income.
Significant development potential on 6.5 acres with R3 zoning.
Opportunity to rebuild a multi‑unit structure (duplex previously existed).
Located in the desirable Springfield High School District.
Tenants pay electric and gas, reducing owner expenses.
Features a creek, wooded areas, and a gazebo for a peaceful setting.

We can help!

Listing Contact

Debra Sarsany

For Sale

$749,800

MULTI_FAMILY - Springfield, IL

Lot size:

6.60 Acres

Added:: Mar 4, 2026
Days on Market:: 108
Last Refresh:: Jun 20 at 6:06 pm

Property Features for 2510 & 2518 W JEFFERSON Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R3
Bedrooms: 8
Bathrooms: 4
Rooms: Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3
Parking: 30
Basement: Finished
Standard status: Active
APN: 1430203014
Lot size: 6.60 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: PT S OF RD OF CREEK IN W 1/2 NE 1/4 30-16-5
Tax Annual Amount: 6601

Utilities

Heating system: Natural Gas, Other (Heating), Baseboard
Cooling system: Central Air
Water source: Public

Building Details

Number of units: 10
Roof type: Shingle

We can help!

Listing Contact

Debra Sarsany

Listing agent Debra Sarsany License #475118739

Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

Listing date Mar 4, 2026

MLS# CA1042098 Listing URL

HighLights

Fully occupied 10‑unit property generating $7,965 monthly income.
Significant development potential on 6.5 acres with R3 zoning.
Opportunity to rebuild a multi‑unit structure (duplex previously existed).
Located in the desirable Springfield High School District.
Tenants pay electric and gas, reducing owner expenses.
Features a creek, wooded areas, and a gazebo for a peaceful setting.

Overview

This is a fully occupied 10-unit multifamily property situated on 6.5 acres. Located in the Springfield High School District, the property consists of two 5-unit buildings. The property is fully rented, generating a total monthly income of $7,965. Tenants are responsible for electric and gas, while the owner covers water, sewer, trash, and mowing expenses. Zoned R3, the property offers future development potential. A duplex previously existed on the property but was destroyed by a fire, presenting an opportunity to rebuild at least one additional multi-unit structure. There is ample space for further expansion, subject to zoning and county approval. The property includes a creek, wooded areas, and a gazebo, providing a peaceful environment for tenants while maintaining convenient access to local amenities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Sangamon
State: Illinois
Longitude: -89.699232
Latitude: 39.814613

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For sale
Apartment buildings
IL
Springfield
62702
2510 & 2518 W JEFFERSON Street

What type of property is this?

Apartment building - Fully occupied 10-unit property on 6.5 acres with development potential.

Where is this apartment building located?

The property is located at 2510 & 2518 W JEFFERSON Street Springfield, IL.

What is the asking price?

The asking price for this property is $749,800.

What are key features of this property?

This property features: Fully occupied 10‑unit property generating $7,965 monthly income.; Significant development potential on 6.5 acres with R3 zoning.; Opportunity to rebuild a multi‑unit structure (duplex previously existed).

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

MULTI_FAMILY - Springfield, IL

Property Features for 2510 & 2518 W JEFFERSON Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property, Springfield, IL

Spacious Office Building, Springfield, IL

Multi-Purpose Building with Basketball Court

Warehouse & Flex Distribution Facility

Versatile Commercial Property in Springfield

Springfield Industrial Park Warehouse Building

Springfield Strip Mall For Sale

Well-Maintained Office Building

Warehouse with Multiple Overhead Doors

Drive-Through Restaurant Building

Class A Office Building

Multi-Unit Office and Retail Building

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