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62-Unit Apartment Property
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909 Chatham Rd, Springfield, IL 62704

Updated multifamily asset with a mix of one- and two-bedroom residences.

Property SizeContact for details
Days on Market144

Property Features for 909 Chatham Rd

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 1BR, 54 x 2BR
Multifamily Units 62
Listing Agency: The Real Estate Group
Listed By: Jerry George · License #475159363
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:17PM

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

Investment Insights

Based on property information with market context.

This multifamily property comprises multiple apartment buildings with 62 units in total. The unit mix includes eight one-bedroom residences and 54 two-bedroom residences, providing a clear blend of smaller and larger apartment layouts. Updates have been completed across the property.

The property is located at 909 Chatham Rd in Springfield, near Washington Park. Golf courses, parks, shopping, and restaurants are nearby, while Springfield’s westside and downtown areas are only minutes away. The setting places everyday services and recreation within convenient reach of the apartment community.

Key Highlights

  • 62 total apartment units across multiple buildings
  • Unit mix includes eight 1BR units and 54 2BR units
  • Updated multifamily property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage

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

62
Residential units

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby

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

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 - Updated multifamily asset with a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 909 Chatham Rd Springfield, IL.
What are key features of this property?
This property features: 62 total apartment units across multiple buildings; Unit mix includes eight 1BR units and 54 2BR units; Updated multifamily property
(217) 638-1360 Call to check price and availability
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