Vaulted-Ceiling
2704 Johnathan Place, Springfield, IL 62711
For Sale
$310,000
Finished basement, patio, and partially fenced yard expand the property’s practical living and outdoor areas.
Property Size2,611 SF
Price / SF$118.73
Days on Market53
Property Features for 2704 Johnathan Place
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
yard
patio
partially fenced
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Professionals
Listed By:
Jim Fulgenzi · License #471021607
(217) 341-5393
Source:
Curveyrealestate
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 8 at 5:29AM
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 RE/MAX Professionals
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Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains 2,611 square feet and offers an open interior with vaulted ceilings. A finished basement adds flexible space, while recent improvements include a newer central air conditioner and ejector pump. The property was pre-inspected by B-Safe.
Located at 2704 Johnathan Place in Springfield, the property sits on a quiet cul-de-sac with a large yard, patio, and partially fenced area. Shopping, dining, parks, and west-side amenities are nearby.
Located at 2704 Johnathan Place in Springfield, the property sits on a quiet cul-de-sac with a large yard, patio, and partially fenced area. Shopping, dining, parks, and west-side amenities are nearby.
Key Highlights
- 2,611‑square‑foot duplex built in 2007
- Finished basement adds flexible living space
- Vaulted ceilings and an open interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,334
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,680
$486.7K
Cap Rate 7%
$347,629
$347.6K
Cap Rate 9%
$270,378
$270.4K
Market Conditions
NOI Build-Up for 2,611 SF
Gross rent
$36.0K $13.80/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$34.8K $13.31/SF
− OpEx
−$10.4K −$3.99/SF
NOI
$24.3K $9.32/SF
Area
Springfield, IL
Vacancy
3.52%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,680
Cap Rate 7%
$347,629
Cap Rate 9%
$270,378
Alternative Uses
Best Use
Multifamily LT 5
$347.6K
$304.2K – $405.6K
NOI $24,334 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$303.5K
$265.5K – $354.0K
NOI $21,242 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$641.1K
$560.9K – $747.9K
NOI $44,874 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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Business Placement
Demographics for 62711, IL
18,115
Population
7,885
Households
2.3
Avg Household Size
49
Median Age
57%
College-Educated
98%
High-School Grad
30.9 sq mi
ZIP Area
586
Density / Sq Mi
$123,507
Median Household Income
$65,758
Median Earnings
$1,272
Median Rent
$299,400
Median Home Value
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Market
Properties on Market for Duplexes in Sangamon County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Finished basement, patio, and partially fenced yard expand the property’s practical living and outdoor areas.
Where is this duplex located?
The property is located at 2704 Johnathan Place Springfield, IL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,611‑square‑foot duplex built in 2007; Finished basement adds flexible living space; Vaulted ceilings and an open interior layout
