Movoto Real Estate

3100 Butler Dr, Springfield, IL 62703

  • $1,900,000

  • bed

  • bath

Multi-family pending
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About 3100 Butler Dr

Property type Multi-family
Neighborhood
Year built 1978
HOA fee $0/month
Lot size 2 Acre
Movoto estimate
Rental estimate
Property description
Don’t miss this rare opportunity to own a turnkey 36-unit multifamily property located in Springfield’s desirable south end. This well-maintained complex offers a strong rental history with 95% occupancy of two bed 1 bath units making it ideal for long-term stability and consistent income. Recent capital improvements, on-site parking, and professional management in place provide ease of ownership for investors. The property sits in a high-demand rental corridor, close to major employers, shopping, dining, and transportation routes. With market rents and low vacancy, this asset is positioned for immediate returns and future upside potential. Showings require 24 hour notice and the listing agent present.
Listed by
Listing Office - Wiese Properties Powered By Keller Williams
Source: RMLS Alliance mls logo
MLS#CA1037328 • last updated 10 months ago
Movoto checked RMLS Alliance for data 7 minutes ago
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Overview
MLS # CA1037328
Status Pending (No Showings)
SubType Residential Income
Lot Size (Acres) 2
Property Tax 38000
Year Built 1978
Exterior
Structure Type Apartment Building
Roof Rubber
Construction Vinyl Siding
Parking Guest
# of Parking Spaces 50
Lot Features Level
Amenities / Utilities
Cooling Central Air
Heating Forced Air, Electric Water Heater
Water Source Public Sewer, Public
Location
Subdivision Springfield
High School Springfield District #186
APN 22-11.0-329-020
Directions Take Stevenson Dr. To Butler And Head North
Multifamily Details
Total # of Units 36
Net Operating Income 260000
Gross Income 298000
Gross Scheduled Income 298000
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Source: GreatSchools.org © 2026. All rights reserved.

Around Springfield

Explore everything this neighborhood has to offer.
49/100
Walk
66/100
Family
60/100
Dining
81/100
Pet
  • Real Estate
  • IL
  • Sangamon County
  • Springfield
  • 62703
  • 3100 Butler Dr

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