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27-unit Springfield Opportunity 3 Multifamily Properties Offered at $753,408 CAD in Springfield, IL
INVESTMENT HIGHLIGHTS
- Three-building portfolio totaling 27 units
- Value-add opportunity being offered as-is
- Downtown Springfield location – close to amenities, jobs, and transit
- Most units partially renovated or near completion
EXECUTIVE SUMMARY
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!
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!
PROPERTY FACTS
| Price | $753,408 CAD | Number of Properties | 3 |
| Price / SF | $45.11 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 16,700 SF |
| Status | Active | Total Land Area | 0.66 AC |
| Price | $753,408 CAD |
| Price / SF | $45.11 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,700 SF |
| Total Land Area | 0.66 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 614 S 4th St, Springfield, IL 62703 | Multifamily | 8,900 SF | 1910 | - |
| 610 S 4th St, Springfield, IL 62703 | Multifamily | 3,900 SF | 1910 | - |
| 604-606 S 4th St, Springfield, IL 62703 | Multifamily | 3,900 SF | 1910 | - |
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27-unit Springfield Opportunity
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