Modern 3-Bed Duplex
3418 Telford Drive Springfield, IL 62711
New
3418 Telford Drive, Springfield, IL, 62711
$389,000
For Sale
$389,000
Modern 2019-built duplex with three bedrooms, three full baths, and a finished basement plus fenced backyard.
Property Size2,717 SF
Price / SF$143.17
Days on Market4
Property Features for 3418 Telford Drive
General Information
- Standard status
- Active
- Size
- 2,717 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing agency
Hurwitz Enterprises
Listed by
Mary Hurwitz ([email protected])
Source
Curveyrealestate
Added: Jul 20 Updated: Jul 22 at 3:15AM Checked: Jul 22 at 3:15AM
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 Hurwitz Enterprises
Investment Insights
Based on property information with market context.
This well-maintained duplex offers modern, move-in-ready living with three bedrooms and three full bathrooms. Built in 2019 and owned by a single owner, the home features an open layout and updates designed for everyday comfort and entertaining. A finished basement completed in 2020 adds additional living space, including a large family room, a generously sized bedroom, ample storage, and a flex room that could serve as a home office, playroom, or workout area.
Located at 3418 Telford Drive in Springfield, the property sits on a quiet cul-de-sac. Outdoor space includes a large fenced-in backyard with room for gatherings; the fence was added in 2022 and stained in 2023.
With approximately 2,700 square feet of living space (believed to be accurate but not warranted), this duplex provides a practical layout and flexible lower-level space.
Located at 3418 Telford Drive in Springfield, the property sits on a quiet cul-de-sac. Outdoor space includes a large fenced-in backyard with room for gatherings; the fence was added in 2022 and stained in 2023.
With approximately 2,700 square feet of living space (believed to be accurate but not warranted), this duplex provides a practical layout and flexible lower-level space.
Key Highlights
- Built in 2019, this 3‑bedroom, 3‑full‑bath duplex is in a quiet cul‑de‑sac in Kreston Place.
- Finished basement completed in 2020 offers a large family room, additional bedroom, flex room, and ample storage.
- Large fenced‑in backyard with outdoor entertaining space; fence added in 2022 and stained in 2023.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $36.2k | $13.31 |
| − OpEx | −$10.9k | −$3.99 |
| NOI | $25.3k | $9.32 |
2,717 SF · lease $13.80/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $422.0K
NOI $25,322 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,104 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$667.1K
$583.7K – $778.3K
NOI $46,695 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Modern 2019-built duplex with three bedrooms, three full baths, and a finished basement plus fenced backyard.
Where is this duplex located?
The property is located at 3418 Telford Drive Springfield, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Built in 2019, this 3‑bedroom, 3‑full‑bath duplex is in a quiet cul‑de‑sac in Kreston Place.; Finished basement completed in 2020 offers a large family room, additional bedroom, flex room, and ample storage.; Large fenced‑in backyard with outdoor entertaining space; fence added in 2022 and stained in 2023.
