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Sold on 03/31/2026
  • Other
  • Living
  • Kitchen
  • Entry Way
  • Bath
  • Bedroom
  • Floorplan

2875 Taylor Ave, Springfield, IL 62703

$575,000

Last sold 03/31/2026 after 127 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 2875 Taylor Ave

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Lot size 0.48 Acre
Rental estimate
Property description
Great investment opportunity! Well-maintained 8-unit apartment complex featuring all 2-bedroom, 1-bath units with walk-in closets. Property offers strong rental income in a convenient location just 10 minutes from the Medical District, with easy access to shopping, restaurants, and major interstates. Recent updates include include updated electrical, fresh paint, new balconies, new roof (2017), and new carpet in common areas (Nov 2025). Solid, income-producing asset with long-term upside.
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1040690 • last updated 5 months ago
Movoto checked RMLS Alliance for data 20 minutes ago
Overview
Cooling/AC Central Air
Heating Electric, Forced Air
Levels/Style Apartment Building
MLS # CA1040690
Status Sold
SubType Residential Income
Lot Size (Acres) 0.48
Property Tax 9222.82
Year Built 1983
Interior
Laundry Common Area, Owned Equipment
Interior Features Cable Available
Exterior
Foundation Block
Roof Shingle
Construction Vinyl Siding
Parking Guest, Parking Pad
# of Parking Spaces 15
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 22-11.0-251-009
Directions STEVENSON DR TO NORTH ON TAYLOR, WEST SIDE OF STREET AFTER STANTON AVENUE
Multifamily Details
Total # of Units 8
Net Operating Income 56237
Expense: Water/Sewer 6960
Expense: Operating 22340
Expense: Trash 1680
Gross Income 87800
Gross Scheduled Income 87800
We are not permitted to show value estimates for this property.
  • Mar 2026
    Public Records
  • Mar 31, 2026 Sold
    $575,000
  • Mar 2026
    mls logo MLS # CA1040690
  • Mar 31, 2026 Sold
    $575,000 (-4.2%)
  • Jan 14, 2026 Pending
    —
  • Nov 24, 2025 Listed
    $599,900 (+23.7%)
  • May 2025
    Public Records
  • May 2, 2025 Sold
    $485,000
  • Apr 2025
    mls logo MLS # CA1034719
  • Apr 30, 2025 Sold
    $485,000 (-3.0%)
  • Mar 11, 2025 Pending
    —
  • Mar 1, 2025 Listed
    $499,900 (+104.0%)
  • Jan 2018
    Public Records
  • Jan 5, 2018 Sold
    $245,000 (+28.9%)
  • Apr 2013
    Public Records
  • Apr 25, 2013 Sold
    $190,000
  • Year Property taxes Tax assessment
  • 2024
    $9,223 +4.0%
    $109,802 +9.48%
  • 2023
    $8,867 +7.7%
    $100,294 +9.16%
  • 2022
    $8,233 +3.4%
    $91,874 +3.89%
  • 2021
    $7,960 +2.0%
    $88,434 -0.15%
  • 2020
    $7,802 +10.0%
    $88,567 +0.35%
  • 2018
    $7,094
    $88,258
  • 2875 Taylor Ave
    $575K
  • Springfield
    —
  • 62703
    $119K +30% y/y
  • Springfield
    $184K +1% y/y
No chart available
Statistics calculated by Movoto

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4/10
Laketown Elementary School
public Grades K-5
Springfield School District 186
1/10
Jefferson Middle School
public Grades 6-8
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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