Movoto Real Estate
Sold on 09/05/2024

2851 Taylor Ave, Springfield, IL 62703

  • $433,000

    Last sold 09/05/2024 after 70 Days

  • bed

  • bath

Multi-family not for sale
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About 2851 Taylor Ave

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 2.1 Acre
Rental estimate
Property description
Here is a great opportunity to grab a well maintained 6 unit complex with SO MUCH VALUE TO ADD! Conveniently located to I55, south 6th street and Dirksen. This building has a full basement that could easily be finished into leasable storage space, or add two efficiency apartments with plumbing already in place! Bonus vacant land included, and this ~1.5 acre ground is the perfect space to expand the investment footprint. Build multiple additional complexes, or add storage units and maximize the possibilities! The current structure was completely updated in 2015 with all new wiring, plumbing, windows, roof and HVAC. Multiple units have seen cosmetic upgrades even since then, with fresh paint, fixtures, Luxury Vinyl Plank, etc. 4 of the 6 units are leased with extended commitments, one unit Month to month, and the 6th is primed for its next occupant who is actively being sought out. Don't miss the chance to add this property to your investment portfolio!
Listed by
Listing Agent Contact: Offc: 217-787-7000
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1030068 • last updated 1 year ago
Movoto checked RMLS Alliance for data 9 minutes ago
Overview
Heating Electric, Forced Air, Central Air, Electric Water Heater
Levels/Style Two Or More Story
MLS # CA1030068
Status Sold
SubType Residential Income
Lot Size (Acres) 2.1
Property Tax 8691.96
Year Built 1978
Interior
Laundry Units Hook-Ups
Accessibility Features Handicap Access, Main Level Entry
Exterior
Foundation Concrete, Poured Concrete
Roof Rubber, Shingle
Construction Brick, Wood Siding
Parking Guest Parking
# of Parking Spaces 12
Lot Features Extra Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 22-11.0-251-005
Directions Heading East On Stevenson From 6th Street, Turn North On Taylor. Property Is On The West Side Of The Street.
Multifamily Details
Total # of Units 6
Net Operating Income -21543
Expense: Operating 12851
Expense: Manager 4680
Expense: Maintenance 4000
Expense: Trash 1560
Lot/ Land Details
Add'l Parcel(s) 22-11.0-251-004 & 22-11.0-251-003
Road Surface Paved
Rental est.: $945/month
Gross rent multiplier: 38.2
  • Jun 2024
    mls logo MLS # CA1030068
  • Jun 27, 2024 Listed
    $449,900
  • 2851 Taylor Ave
    $433K
  • Springfield
  • 62703
    $94.9K -12% y/y
  • Springfield
    $197K +2% y/y
No chart available
Statistics calculated by Movoto

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4/10
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Source: GreatSchools.org © 2026. All rights reserved.

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  • 2851 Taylor Ave
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