2309 W Lawrence Ave

Springfield, IL 62704

$859,900
Price
—
Beds
—
Baths
10,800 Sq. Ft.
$80 / Sq. Ft.
10,800
Sq. Ft.
$80
per Sq. Ft.

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...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!
  1. Listed by Julie Davis • The Real Estate Group, Inc.
  2. Listed by Xuna Hu • The Real Estate Group, Inc.

Property Details for 2309 West Lawrence Avenue

Parking Total
12.0
Subdivision Name
None
LISTING UPDATED: 10/20/2025 03:01 PM

Property Details for 2309 West Lawrence Avenue

StatusActive
MLS #CA1036697
Days on Market216
Taxes$17,672 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1980
Lot Size0.25 AC / 10,800 SF
CountySangamon County

Location

Listing Courtesy of The Real Estate Group, Inc.
Add your commute

Building Information for 2309 West Lawrence Avenue

Stories-Residences12Year Built1980Building Size-Lot Size0.25 AC / 10,800 SF

Payment Calculator

$5,722 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,249

Property Taxes

$1,473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2309 West Lawrence Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: W Monroe St turn right to W Lawrence Ave. 2 buildings are at the corner.
  • Latitude: 39.794878
  • Longitude: -89.694163
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-31.0-280-018
  • Tax Annual Amount: $17,672
  • Tax Legal Description: CHARLES S WANLESS KNO KNOLLS SUB LOTS 41 & 40 & LOT 45 EX E 120'
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 10800.0
  • Lot Features: Other
  • Lot Size Dimensions: 10800
  • Number Of Units Total: 12
  • 100 Year Plain: No
Property and Assessments
  • Documents Available: None Available
  • New Construction: No
  • Year Built: 1980
  • Year Built Source: Unable to Verify Actual Age
Utilities
  • Number Of Electric Meters: 12
  • Number Of Gas Meters: 14
  • Numberof Water Meters: 1
  • Water Sewer Expense: $3,090
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Brick
Interior Features
  • Basement: Unfinished
  • Cooling: Central Air
  • Heating: Forced Air
  • Number Of Central Air Units: 12
  • Number Of Heating Units: 12
  • Number Of Water Heaters: 4
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $3,090
  • Gross Income: $121,836
  • Gross Scheduled Income: $121,836
  • Insurance Expense: $8,000
  • Maintenance Expense: $0
  • Manager Expense: $6,500
  • Net Operating Income: $81,984
  • Operating Expense: $22,180
  • Advertising Expense: 0
  • Gas Expense: 1500
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 2309 West Lawrence Avenue

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Temporarily Off Market

MRED #1036697

—
Dec 17, 2025

Price Change

MRED #1036697

$859,900—
May 27, 2025

Listed (Active)

RMLS ALLIANCE #CA1036697

$950,000—
May 27, 2025

Listed (Active)

MRED #1036697

$950,000—
Mar 3, 2022

Sold (Public Record)

Public Record #1485333755

$610,000—
Mar 3, 2022

Sold

RMLS ALLIANCE #CA1012393

$610,000—
Feb 11, 2022

Pending

RMLS ALLIANCE #CA1012393

—
Feb 11, 2022

Listed (Active)

RMLS ALLIANCE #CA1012393

$610,000—
DateEvent & SourcePrice
12/18/2025

Temporarily Off Market

MRED #1036697

—
12/17/2025

Price Change

MRED #1036697

$859,900
05/27/2025

Listed (Active)

RMLS ALLIANCE #CA1036697

$950,000
05/27/2025

Listed (Active)

MRED #1036697

$950,000
03/03/2022

Sold (Public Record)

Public Record #1485333755

$610,000
03/03/2022

Sold

RMLS ALLIANCE #CA1012393

$610,000
02/11/2022

Pending

RMLS ALLIANCE #CA1012393

—
02/11/2022

Listed (Active)

RMLS ALLIANCE #CA1012393

$610,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2309 West Lawrence Avenue

Taxable ValueLand$30,664Additions$179,733Total$210,397
Tax Record2024$17,672 ($1,473 / month)
Home Facts
Lot Size32,503 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-31.0-280-018

Schools near 2309 West Lawrence Avenue

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Owen Marsh Elementary School
Public - K to 5
U S Grant Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Douglas School
Public - 6 to 12
Rating
School
Distance
Owen Marsh Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2309 West Lawrence Avenue, Springfield, IL 62704

2309 West Lawrence Avenue is a multi-family home for sale in Springfield, IL 62704. This property was listed for sale on May 27, 2025 by The Real Estate Group, Inc., it's currently listed at $859,900. It has been on the market for a total of 216 days and was last sold on March 3, 2022. This listing's school district is Springfield School District 186. Nearby schools include Owen Marsh Elementary School, U S Grant Middle School and Springfield High School. 2309 West Lawrence Avenue is a 0-bed, 0-bath, 10,800 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/29/2025 06:49 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.