An excellent investment opportunity awaits you with this well maintained fourplex in a desirable west side location just west of Veterans Parkway, conveniently located near shopping, dining, and everyday amenities. Situated on a quiet cul-de-sac with low traffic, the property offers four spacious units, each approximately 1,000 square feet with a functional layout featuring two large bedrooms, a full bath, generous living room, and oversized eat in kitchen. Each unit also includes washer/dryer hookups, a rear deck, and off-street parking. The building is all electric, with individual tenant-paid utilities helping to simplify ownership expenses. The spacious lot offers a private backyard with a mature tree line and plenty of room surrounding the building. Whether you're expanding an existing portfolio or looking for your first multifamily investment, this well located 4 unit property offers flexibility, desirable unit layouts, and strong rental potential. Property being Sold-As Is.
For sale
Price cut: $10K (9/11)
$359,900
2811 Monmouth Ct, Springfield, IL 62704
8beds
4baths
2,800sqft
Multi Family
Built in 1979
-- sqft lot
$345,100 Zestimate®
$129/sqft
$-- HOA
What's special
Functional layoutSpacious lotOff-street parking
- 51 days
- 615
- 44
Zillow last checked:
Listing updated:
Listed by:
Kyle T Killebrew Mobl:217-741-4040,
The Real Estate Group, Inc.,
Justin Creasey,
The Real Estate Group, Inc.
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1045804
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator, Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Features
- Exterior features: Rec Area
Lot
- Size: 0.36 Acres
- Dimensions: 80.65 x 196.23
- Features: Other
Details
- Parcel number: 1431.0304002
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $232,206
- Annual tax amount: $6,719
- Date on market: 8/13/2026
- Cumulative days on market: 52 days
- Tenant pays: All Utilities
Estimated market value
$345,100
$328,000 - $362,000
$1,201/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $359,900-2.7%$129/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #CA1045804 Report a problem | ||
| 8/13/2026 | Listed for sale | $369,900+94.7%$132/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA1045804 Report a problem | ||
| 2/13/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/18/2019 | Sold | $190,000$68/sqft |
Source: RMLS Alliance as distributed by MLS GRID #CA2443 Report a problem | ||
| 9/1/2019 | Listing removed | $675 |
Source: Owner Report a problem | ||
| 7/3/2019 | Listed for rent | $675 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,501 +4% | $77,402 +9.5% |
| 2023 | $6,251 +4% | $70,700 +5.4% |
| 2022 | $6,010 +3.4% | $67,065 +3.9% |
| 2021 | $5,810 +2% | $64,554 -0.2% |
| 2020 | $5,695 -7.5% | $64,651 -2.5% |
| 2019 | $6,156 | $66,308 -9% |
| 2018 | $6,156 +2.1% | $72,859 +1.3% |
| 2017 | $6,029 +2% | $71,917 +1.5% |
| 2016 | $5,910 +1% | $70,868 +1.2% |
| 2015 | $5,853 +1.5% | $70,021 +0.6% |
| 2014 | $5,765 +2.3% | $69,569 |
| 2013 | $5,637 +2% | $69,569 |
| 2012 | $5,529 +2.5% | $69,569 |
| 2011 | $5,393 +2.6% | $69,569 +1% |
| 2010 | $5,258 +3% | $68,901 +1.4% |
| 2009 | $5,103 +6% | $67,923 +4.2% |
| 2008 | $4,813 -4.2% | $65,183 -0.8% |
| 2007 | $5,023 +1.6% | $65,726 +3.8% |
| 2006 | $4,945 | $63,314 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 62704
Nearby schools
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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