Pending

3100 Butler Drive #1833

Springfield, IL 62703

$1,900,000 $8,010/Mo

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Overview

Bed

Bath

Acres(Lot)

Description

Don’t miss this rare opportunity to own a turnkey 36-unit multifamily property located in Springfield’s desirable south end. This well-maintained complex offers a strong rental history with 95% occupancy of two bed 1 bath units making it ideal for long-term stability and consistent income. Recent capital improvements, on-site parking, and professional management in place provide ease of ownership for investors. The property sits in a high-demand rental corridor, close to major employers, shopping, dining, and transportation routes. With market rents and low vacancy, this asset is positioned for immediate returns and future upside potential. Showings require 24 hour notice and the listing agent present.

Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 65495684

MLS Id : CA1037328

Lot Size : 2 Acres

Year Built : 1978

County : Sangamon

Subdivision: Metes And Bounds

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: None
Roofing Information

Rubber
Interior Features

Roof: Rubber Appliances: Electric Water Heater, Water Heater
Heating & Cooling

Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1978 Building Area Total: 36828 Construction Materials: Vinyl Siding Private Pool: No Association Fee Frequency: Monthly

Lot Information

Lot Dimensions: 78,271 Lot Size Acres: 2 Lot Description: Level

Property Information

Subdivision: Springfield Source Property Type: Residential Income MLS Area Minor: Springfield Property SubType: Multi Family Property Age: 48

Listing Price Information

Listing Price: $1900000 Original Price: $2340000

Tax Information

Parcel Number: 22-11.0-329-020 Tax Year: 2025 Annual Tax: $38000 Tax Legal Desc: Butler Place Apartments

Parking Information

Parking Total: 50 Guest

Homeowners Association Information
Has Association: Yes

School Information

Elementary School:

Junior High School:

Senior High School: Springfield District #186
Location Information

Direction: Take Stevenson dr. to Butler and head north WaterSource: Public

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Based on information submitted to the MLS GRID as of 06/04/2026 @ 14:49. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 06/04/2026 @ 14:49

MLS: CA1037328 LISTED BY: Richard Wiese, Wiese Properties Powered By Keller Williams 217-303-8445 SOURCE: RMLS Alliance