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2510 & 2518 W Jefferson Street

Springfield, IL 62702
  • $799,800
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: CA1042098
UPDATED: 15 min ago
$799,800
  • 0
    BEDS
  • 6.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:
Area:

School Information

High School:

Description

Fully Occupied 10-Unit Investment Property on 6.5 Acres Excellent opportunity to own a 10-unit multifamily property located in the desirable Springfield High School District. This property consists of two 5-unit buildings (2510 & 2518 W Jefferson) and is fully rented with a total monthly income of $7,965. Tenants pay electric and gas. Owner pays water, sewer, trash, and mowing. Situated on 6.5 acres with R3 County zoning, the property offers future development potential. A duplex previously stood on the property and was lost to a fire many years ago, providing the opportunity to rebuild at least one additional multi-unit structure. There is also ample space for further expansion, subject to zoning and county approval. The property features a creek, wooded areas, and a gazebo, creating a peaceful setting for tenants while still being conveniently located.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-04-20T23:44:49.413.
www.brysonsmithteam.com/homes/173690673
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2510 & 2518 W Jefferson Street Springfield, IL 62702

  • Price: $799,800
  • Status: Active
  • On Site: 47 Days
  • Updated: 15 min ago
  • ID#: CA1042098
0
Beds
0
Baths
0
½ Baths
6.6
Acres
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield
Property Description
Fully Occupied 10-Unit Investment Property on 6.5 Acres Excellent opportunity to own a 10-unit multifamily property located in the desirable Springfield High School District. This property consists of two 5-unit buildings (2510 & 2518 W Jefferson) and is fully rented with a total monthly income of $7,965. Tenants pay electric and gas. Owner pays water, sewer, trash, and mowing. Situated on 6.5 acres with R3 County zoning, the property offers future development potential. A duplex previously stood on the property and was lost to a fire many years ago, providing the opportunity to rebuild at least one additional multi-unit structure. There is also ample space for further expansion, subject to zoning and county approval. The property features a creek, wooded areas, and a gazebo, creating a peaceful setting for tenants while still being conveniently located.
Exterior Features

Construction Materials Other Parking Features Parking Pad Parking Total 30 Road Surface Type Gravel Roof Shingle

Interior Features

Basement Finished Building Area Total 6180 Cooling Central Air Heating BaseboardNatural GasWall Unit(s) Laundry Features Other Number Of Central Air Units 10 Number Of Dishwashers 3 Number Of Dryers 5 Number Of Electric Meters 10 Number Of Gas Meters 10 Number Of Heating Units 5 Number Of Ranges 10 Number Of Washers 5 Number Of Water Heaters 10 Numberof Refrigerators 10

Property Features

100 Year Plain Unknown Agent Owned No Disclosed Short Sale N Financing Cash OnlyCommercial Gross Income 95580 Gross Scheduled Income 95580 Insurance Expense 5805 Lot Features OtherWoodedCreek Lot Size Dimensions 392x132x165x170x200 Manager On Site YN Yes Net Operating Income 76607 New Construction YN No Number Of Water Meters 2 Number Of Window Units 5 Operating Expense 12372 Repossessed No Structure Type Other Tax Annual Amount 6601 Tax Legal Description PT S OF RD OF CREEK IN W 1/2 NE 1/4 30-16-5 Tax Year 2024 Trash Expense 195 Type Residential Income Water Source Public SewerPublic Zoning R3

Listing provided courtesy of Debra Sarsany of The Real Estate Group, Inc.: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-04-20T23:44:49.413.
 
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Bryson Smith Team | Keller Williams Premier Realty
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Peoria IL, 61616