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Brick Duplex
For Sale
Contact for pricing
Pending

817 E Stanford Ave, Springfield, IL 62703

Fire-damaged interior is fully gutted, allowing a buyer to pursue renovation or removal of the existing improvements.

Property SizeContact for details
Days on Market142

Property Features for 817 E Stanford Ave

General Information

Standard status Pending
Property subtype Multifamily

Property Condition

Severity Major Repairs Needed
Evidence fire

Additional Details

Multifamily Units 2

Building Details

Construction brick
Listing Agency: RE/MAX Professionals
Listed By: Steve Contri · License #475086430
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:28PM

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

Investment Insights

Based on property information with market context.

This brick duplex has a completely gutted interior following a fire. The existing improvements are positioned for a buyer to either renovate the structure or remove it and pursue a replacement plan. No interior finishes or operating systems are described as remaining, so the asset should be evaluated primarily by its existing building shell and duplex configuration.

The property is located at 817 E Stanford Ave in Springfield, Illinois. Its residential income property classification and duplex format provide the basic framework for evaluating the site, while the post-fire condition creates a substantial reconstruction requirement.

Key Highlights

  • Brick duplex configuration
  • Interior completely gutted following a fire
  • Buyer may renovate the existing structure or remove it

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Furniture & Home Goods Parking Lot & Garage Bakery

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby

Demographics for 62703, IL

28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Fire-damaged interior is fully gutted, allowing a buyer to pursue renovation or removal of the existing improvements.
Where is this duplex located?
The property is located at 817 E Stanford Ave Springfield, IL.
What are key features of this property?
This property features: Brick duplex configuration; Interior completely gutted following a fire; Buyer may renovate the existing structure or remove it
(217) 652-9390 Call to check price and availability
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