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Updated 6-Unit Apartment Building
For Sale
Contact for pricing
Pending

629 W Washington St, Springfield, IL 62702

Unit mix includes one- and two-bedroom floor plans, with shared coin-operated laundry.

Property SizeContact for details
Days on Market142

Property Features for 629 W Washington St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 4 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 6

Amenities

coin-operated laundry

Building Details

Year Renovated 2019
Listing Agency: The Real Estate Group Inc
Listed By: Joshua Kruse · License #IL
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 31 at 6:40AM

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 The Real Estate Group Inc

Investment Insights

Based on property information with market context.

The apartment property contains six units arranged across two floor plans: four two-bedroom, one-bath residences and two one-bedroom, one-bath residences. Flooring, fixtures, kitchens, and bathrooms were substantially updated in 2019. The building also includes a common-area coin-operated laundry facility.

Located at 629 W Washington St in Springfield, IL, the property is currently fully occupied. Residents pay the utilities serving their individual units, while ownership covers water and garbage disposal service, creating a clearly defined utility arrangement for ongoing operations.

Key Highlights

  • Six‑unit apartment property currently at full occupancy
  • Four 2 bedroom/1 bath units and two 1 bedroom/1 bath units
  • Two 1 bedroom/1 bath units complement the larger floor plan

Property Analytics

Current Use

Springfield Clock Shop (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Parts Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,177
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Unit mix includes one- and two-bedroom floor plans, with shared coin-operated laundry.
Where is this apartment building located?
The property is located at 629 W Washington St Springfield, IL.
What are key features of this property?
This property features: Six‑unit apartment property currently at full occupancy; Four 2 bedroom/1 bath units and two 1 bedroom/1 bath units; Two 1 bedroom/1 bath units complement the larger floor plan
(217) 816-9405 Call to check price and availability
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