For sale

Price cut: $50K (4/21)

$749,800

2510 & 2518 W Jefferson St, Springfield, IL 62702

8beds

4baths

6,180sqft

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Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$121/sqft

$-- HOA

What's special

Wooded areas

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.

119 days

288

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Range, Refrigerator, Washer, Water Heater
Laundry: Other

Features

Basement: Finished

Interior area

Total structure area: 6,180
Total interior livable area: 6,180 sqft

Property

Parking

Total spaces: 30
Parking features: Parking Pad
Has uncovered spaces: Yes

Features

Waterfront features: Creek

Lot

Size: 6.6 Acres
Dimensions: 392 x 132 x 165 x 170 x 200
Features: Other, Wooded

Details

Parcel number: 1430203014
Zoning description: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Concrete Perimeter
Roof: Shingle

Condition

New construction: No

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Springfield

Financial & listing details

Price per square foot: $121/sqft
Annual tax amount: $6,601
Date on market: 3/4/2026
Cumulative days on market: 120 days
Road surface type: Gravel

Estimated market value

Not available

Estimated sales range

Not available

$1,303/mo

Price history

Date	Event	Price
4/21/2026	Price change	$749,800-6.3%$121/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1042098 Report a problem
3/4/2026	Listed for sale	$799,800$129/sqft
Source: RMLS Alliance as distributed by MLS GRID #CA1042098 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 62702

Getting around

33 / 100

Car-Dependent

27 / 100

Some Transit

23 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Jane Addams Elementary School
Grades: K-5Distance: 0.8 mi
2/10
U S Grant Middle School
Grades: 6-8Distance: 1.4 mi
5/10
Springfield High School
Grades: 9-12Distance: 2.2 mi

Schools provided by the listing agent

High: Springfield

Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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