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2309 W Lawrence Avenue

Springfield, IL 62704
  • $859,900
  • STATUS: Active
  • ON SITE: 237 Days
  • ID#: CA1036697
UPDATED: 31 min ago
$859,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Information

Description

Well-Maintained 12-Unit Apartment Complex – Excellent Westside Location!This all-brick, 12-unit apartment complex features two buildings, each with 6 spacious units, close to restaurants, offices, and shopping.The property has been well cared for and thoughtfully updated over the years. Recent improvements include:Several new HVAC systems.New flooring and fresh paint in turnover units.Updated appliances in select units.A new sump pump installed in the basementApproximately 8–10 units have been updated during tenant turnover. This is a turnkey investment offering immediate cash flow in a strong rental market. Don’t miss this opportunity!

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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 Ashley Coker Team | The Real Estate Group. Data last updated: 2026-01-20T19:44:49.623.
www.ashleycoker.com/homes/164246527
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2309 W Lawrence Avenue Springfield, IL 62704

  • Price: $859,900
  • Status: Active
  • On Site: 237 Days
  • Updated: 31 min ago
  • ID#: CA1036697
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
Well-Maintained 12-Unit Apartment Complex – Excellent Westside Location!This all-brick, 12-unit apartment complex features two buildings, each with 6 spacious units, close to restaurants, offices, and shopping.The property has been well cared for and thoughtfully updated over the years. Recent improvements include:Several new HVAC systems.New flooring and fresh paint in turnover units.Updated appliances in select units.A new sump pump installed in the basementApproximately 8–10 units have been updated during tenant turnover. This is a turnkey investment offering immediate cash flow in a strong rental market. Don’t miss this opportunity!
Exterior Features

Construction Materials Brick Parking Features Other Parking Total 12 Roof Shingle

Interior Features

Basement Unfinished Building Area Total 10800 Cooling Central Air Heating Forced Air Number Of Central Air Units 12 Number Of Electric Meters 12 Number Of Gas Meters 14 Number Of Heating Units 12 Number Of Water Heaters 4

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Gross Income 121836 Gross Scheduled Income 121836 Insurance Expense 8000 Lot Features Other Lot Size Dimensions 10800 Manager On Site YN No Net Operating Income 81984 New Construction YN No Number Of Water Meters 1 Operating Expense 22180 Repossessed No Structure Type Apartment Building Tax Annual Amount 17672.3 Tax Legal Description CHARLES S WANLESS KNO KNOLLS SUB LOTS 41 & 40 & LOT 45 EX E 120' Tax Year 2024 Trash Expense 0 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Julie Davis 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 Ashley Coker Team | The Real Estate Group. Data last updated: 2026-01-20T19:44:49.623.
 
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Ashley Coker Team | The Real Estate Group
3701 W. Wabash Ave.
Springfield IL, 62711