27-unit Springfield Multifamily Opportunity
$540,000
604-614 South 4th Street, Springfield, IL 62703
26,856 sqft
Building Size
0.45 acres
Lot Area
Details:
Highlights:
- Three-building portfolio totaling 27 units
- Downtown Springfield location – close to amenities, jobs, and transit
- Value-add opportunity being offered as-is
- Most units partially renovated or near completion
Description:
Located in the heart of Downtown Springfield, this three-building multifamily portfolio is positioned for strong rent growth and long-term appreciation. The property includes 6 units in Building 606, 6 units in Building 610, and 15 units in Building 614.
Many unit renovations have already been started or are close to being finished, offering a head start for the next owner. Two units are currently gutted and ready for a full remodel.
This is an ideal opportunity for an experienced investor or developer looking for a value-add multifamily project with great upside potential. Based on comparable properties and management data in the area, renovated units could achieve rents between $750 and $900 per month. This portfolio is being offered as-is. Bring your vision and unlock the potential this property has to offer!
The property sits only a few blocks away from downtown Springfield and is within walking distance to the Governor's Mansion and Capitol Building.
Documents:
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| SVN - Brochure (L) | ||
| SVN_-_Brochure__L_.pdf |
Location
Gallery
