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Maple Tree Townhomes & Condos

3260 River Rd, Riverton, IL 62561

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For Sale

$2,820,000

35-unit apartment complex in Riverton, IL near Springfield.

Type:Multifamily

HighLights

Value‑add potential through interior renovations to increase rents.
35 well‑maintained units in a desirable location near Springfield, IL.
Every unit has an attached garage.
Oversized floor plans (averaging 1,008 sq ft for 2‑bedroom and 1,373 sq ft for 3‑bedroom units).
Strong curb appeal.
Proximity to Springfield, IL (15 minutes).

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Listing Contact

Teddy Kenny

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For Sale

$2,820,000

35-unit apartment complex in Riverton, IL near Springfield.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 4:54 am

Property Features for 3260 River Rd

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Teddy Kenny

Listing agent Teddy Kenny License #IN: RB22001936

Listing office Indianapolis Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Indianapolis Office

HighLights

Value‑add potential through interior renovations to increase rents.
35 well‑maintained units in a desirable location near Springfield, IL.
Every unit has an attached garage.
Oversized floor plans (averaging 1,008 sq ft for 2‑bedroom and 1,373 sq ft for 3‑bedroom units).
Strong curb appeal.
Proximity to Springfield, IL (15 minutes).

Overview

Maple Tree Townhomes & Condos is a 35-unit apartment complex located in Riverton, IL, approximately 15 minutes from Springfield, IL. Constructed predominantly from 1993-1998, the property includes ten 2-bedroom/1.5-bath apartments, two 2-bedroom/1-bath apartments, four 3-bedroom/1.5-bath apartments, and nineteen 3-bedroom/2-bath apartments. Each unit features an attached garage. The 2-bedroom units average approximately 1,008 square feet, with current blended rents of $955. Comparable nearby properties average $1,180. The 3-bedroom units average approximately 1,373 square feet, with current blended rents of $1,087, while comparable properties average $1,469. This rent delta suggests an opportunity for value-add interior renovations to drive revenue growth. The property offers investors the opportunity to acquire well-maintained units near Springfield, Illinois. The property is positioned for both near-term upside and long-term performance.

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Local Demand

City: Riverton
County: Sangamon
State: Illinois
Longitude: -89.548935
Latitude: 39.853265

For sale
Apartment buildings
IL
Riverton
62561
3260 River Rd

What type of property is this?

Apartment building - 35-unit apartment complex in Riverton, IL near Springfield.

Where is this apartment building located?

The property is located at 3260 River Rd Riverton, IL.

What is the asking price?

The asking price for this property is $2,820,000.

What are key features of this property?

This property features: Value‑add potential through interior renovations to increase rents.; 35 well‑maintained units in a desirable location near Springfield, IL.; Every unit has an attached garage.

3260 River Rd, Riverton, IL 62561

35-unit apartment complex in Riverton, IL near Springfield.

Property Features for 3260 River Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

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