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Listed by KyleT Killebrew • The Real Estate Group, Inc.

$485,000

$499,900 3.0%

Est. payment - /mo

8,646 SqFt

Sold on 04/30/2025

2875 TAYLOR AVE Springfield, IL 62703

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Bianca Abbott

Agent | License ID: 71303000 / 475.211226

+1(563) 676-5518

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Key Details

Sold Price $485,000

Property Type Single Family Home

Sub Type Residential Income

Listing Status Sold

Purchase Type For Sale

Square Footage 8,646 sqft

Price per Sqft $56

MLS Listing ID CA1034719

Sold Date 04/30/25

Maintenance Fees $4,507

Year Built 1983

Annual Tax Amount $8,867

Tax Year 2023

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions Irregular

Property Sub-Type Residential Income

Source rmlsa

Property Description

2 Level apartment building with Eight (8) 2BR/1BA units. High-income potential with MTM leases, allowing immediate value-add opportunities. This well-maintained building features new windows with lifetime warranties, new balconies, a newer roof, and a new coin-op dryer. Four units have been remodeled, and each unit includes a spacious primary bedroom with a walk-in closet. Prime central location, just 5 minutes from Lake Springfield and 10 minutes from the medical district, with easy access to shopping, restaurants, and major interstates—a major draw for commuters and remote workers alike. Strong rental demand keeps occupancy high, making this a stable and profitable investment. Mom-and-pop owned and meticulously maintained. Don't miss this rare find—call today!

Location

State IL

County Sangamon

Area Springfield

Zoning Residential

Direction Stevenson Dr to north on Taylor. West side of Street after Stanton Ave

Rooms

Basement Crawl Space

Interior

Interior Features Cable Available

Heating Forced Air

Cooling Central Air

Fireplace N

Laundry Common Area, Owned Equipment

Exterior

View true

Roof Type Shingle

Total Parking Spaces 17

Garage 1

Building

Lot Description Level

Faces Stevenson Dr to north on Taylor. West side of Street after Stanton Ave

Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":820,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1381688Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":800,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1381688Group_2\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":850,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1381688Group_3\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":800,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1381688Group_4\"}]

Water Public Sewer, Public

Structure Type Vinyl Siding

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 22110251009

GET MORE INFORMATION

Bianca Abbott

Agent | License ID: 71303000 / 475.211226

+1(563) 676-5518

2875 TAYLOR AVE Springfield, IL 62703

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

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2875 TAYLOR AVE