62-Unit Apartment
For Sale
Contact for pricing
800 Chatham Rd, Springfield, IL 62704
Built in 1970, this 62-unit complex features predominantly two-bedroom apartments and is across from Pasfield Golf Course and Washington Park.
Property SizeContact for details
Days on Market119
Property Features for 800 Chatham Rd
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
62
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Northmarq Capital, LLC
Listed By:
Daniel Baker · License #CA
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 9:20PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Pasfield Park is a 62-unit apartment complex built in 1970. The property is comprised of 88% two-bedroom units and has been operated with an emphasis on maintaining occupancy, reflected in rents described as well-below market. The offering notes an opportunity for new ownership to pursue property-wide light renovation to add value.
The complex is located in Springfield, Illinois in the Oaks neighborhood. It sits across the street from both Pasfield Golf Course and Washington Park.
The remarks also state that new ownership can implement market-standard “other income” charges, including parking income, pet rent, and laundry income. The information provided suggests these programs could contribute additional annual income, subject to implementation.
The complex is located in Springfield, Illinois in the Oaks neighborhood. It sits across the street from both Pasfield Golf Course and Washington Park.
The remarks also state that new ownership can implement market-standard “other income” charges, including parking income, pet rent, and laundry income. The information provided suggests these programs could contribute additional annual income, subject to implementation.
Key Highlights
- Pasfield Park is a 62‑unit apartment complex built in 1970
- 88% of units are 2‑bedroom apartments
- Located across the street from both Pasfield Golf Course and Washington Park
Property Analytics
Current Use
Lease Details
62
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1970, this 62-unit complex features predominantly two-bedroom apartments and is across from Pasfield Golf Course and Washington Park.
Where is this apartment building located?
The property is located at 800 Chatham Rd Springfield, IL.
What are key features of this property?
This property features: Pasfield Park is a 62‑unit apartment complex built in 1970; 88% of units are 2‑bedroom apartments; Located across the street from both Pasfield Golf Course and Washington Park
