2875 Taylor Ave

$599,900
Price
—
Beds
—
Baths
8,646 Sq. Ft.
$69 / Sq. Ft.
8,646
Sq. Ft.
$69
per Sq. Ft.

Description

Great investment opportunity! Well-maintained 8-unit apartment complex featuring all 2-bedroom, 1-bath units with walk-in closets. Property offers strong rental income in a convenient location just 10 minutes from the Medical District, with easy access to shopping, restaurants, and major interstates. Recent updates include include updated electrical, fresh paint, new balconies, new roof (2017), and new carpet in common areas (Nov 2025). Solid, income-producing asset with long-term upside.Great investment opportunity! Well-maintained 8-unit apartment complex featuring all 2-bedroom, 1-bath units with walk-in closets. Property offers strong rental income in a convenient location just 10 minutes from the Medical District, with easy access to shopping, restaurants, and major interstates. Recent updates include include updated electrical, fresh paint, new balconies, new roof (2017), and new carpet in common areas (Nov 2025). Solid, income-producing asset with long-term upside.
  1. Listed by Jerry George • The Real Estate Group, Inc.
  2. Listed by Inar Kattom • The Real Estate Group, Inc.

Property Details for 2875 Taylor Avenue

Parking Total
15.0
Subdivision Name
None
LISTING UPDATED: 11/27/2025 02:01 PM

Property Details for 2875 Taylor Avenue

StatusActive
MLS #CA1040690
Days on Market30
Taxes$9,223 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1983
Lot Size0.48 AC / 20,908 SF
CountySangamon County

Location

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

Building Information for 2875 Taylor Avenue

Stories-Residences8Year Built1983Building Size-Lot Size0.48 AC / 20,908 SF

Payment Calculator

$3,733 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,964

Property Taxes

$769

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2875 Taylor Avenue

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: STEVENSON DR TO NORTH ON TAYLOR, WEST SIDE OF STREET AFTER STANTON AVENUE
  • Latitude: 39.7652
  • Longitude: -89.617243
  • MLSArea Minor: Springfield
  • Postal Code: 62703
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 22-11.0-251-009
  • Tax Annual Amount: $9,223
  • Tax Legal Description: Lake Victoria Pud Project Tttt Lot 7
  • Tax Year: 2024
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Guest, Parking Pad
Property
Lot Information
  • Structure Type: Apartment Building
  • Building Area Total: 8646.0
  • Lot Features: Level
  • Lot Size Acres: 0.48
  • Lot Size Dimensions: Irregular
  • Number Of Units Total: 8
  • 100 Year Plain: Unknown
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Block
  • New Construction: No
  • Year Built: 1983
  • Year Built Source: Public Records
Utilities
  • Number Of Electric Meters: 1
  • Number Of Gas Meters: 0
  • Numberof Water Meters: 1
  • Water Sewer Expense: $6,960
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Lawn Snow Removal: 500
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Crawl Space
  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Interior Features: Cable Available
  • Laundry Features: Common Area, Owned Equipment
  • Number Of Central Air Units: 8
  • Number Of Dishwashers: 0
  • Number Of Dryers: 1
  • Number Of Heating Units: 8
  • Number Of Ranges: 8
  • Numberof Refrigerators: 8
  • Number Of Washers: 1
  • Number Of Water Heaters: 8
  • Number Of Window Units: 0
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $87,800
  • Gross Scheduled Income: $87,800
  • Insurance Expense: $13,200
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $56,237
  • Operating Expense: $22,340
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $1,680
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 2875 Taylor Avenue

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Temporarily Off Market

MRED #1040690

—
Nov 24, 2025

Listed (Active)

MRED #1040690

$599,900—
Nov 24, 2025

Listed (Active)

RMLS ALLIANCE #CA1040690

$599,900—
Apr 30, 2025

Sold (Public Record)

Public Record #1557205348

$485,000

+9.8% / yr

Apr 30, 2025

Sold

RMLS ALLIANCE #CA1034719

$485,000—
Mar 11, 2025

Pending

RMLS ALLIANCE #CA1034719

—
Mar 1, 2025

Listed (Active)

RMLS ALLIANCE #CA1034719

$499,900—
Jan 3, 2018

Sold (Public Record)

Public Record #1279527585

$245,000

+5.6% / yr

Jan 3, 2018

Sold

RMLS ALLIANCE #CA175242

$245,000—
Oct 25, 2017

Pending

RMLS ALLIANCE #CA175242

—
Aug 3, 2017

Listed (Active)

RMLS ALLIANCE #CA175242

$294,900—
Oct 22, 2013

Temporarily Off Market

RMLS ALLIANCE #CA211739

$265,000—
Apr 23, 2013

Sold (Public Record)

Public Record #1120405599

$190,000—
Sep 30, 2009

Expired

RMLS ALLIANCE #CA282231

$249,900—
Apr 11, 2008

Listed (Active)

RMLS ALLIANCE #CA282231

$275,000—
Jul 24, 2007

Expired

RMLS ALLIANCE #CA265213

$310,000—
Jul 24, 2007

Expired

RMLS ALLIANCE #CA272533

$299,900—
Jul 24, 2006

Listed (Active)

RMLS ALLIANCE #CA265213

$310,000—
Jul 24, 2006

Listed (Active)

RMLS ALLIANCE #CA272533

$310,000—
Jul 23, 2001

Sold

RMLS ALLIANCE #CA211739

$257,000—
Apr 9, 2001

Pending

RMLS ALLIANCE #CA211739

—
Apr 1, 2001

Listed (Active)

RMLS ALLIANCE #CA211739

$265,000—
DateEvent & SourcePrice
12/18/2025

Temporarily Off Market

MRED #1040690

—
11/24/2025

Listed (Active)

MRED #1040690

$599,900
11/24/2025

Listed (Active)

RMLS ALLIANCE #CA1040690

$599,900
04/30/2025

Sold (Public Record)

Public Record #1557205348

$485,000

+9.8% / yr

04/30/2025

Sold

RMLS ALLIANCE #CA1034719

$485,000
03/11/2025

Pending

RMLS ALLIANCE #CA1034719

—
03/01/2025

Listed (Active)

RMLS ALLIANCE #CA1034719

$499,900
01/03/2018

Sold (Public Record)

Public Record #1279527585

$245,000

+5.6% / yr

01/03/2018

Sold

RMLS ALLIANCE #CA175242

$245,000
10/25/2017

Pending

RMLS ALLIANCE #CA175242

—
08/03/2017

Listed (Active)

RMLS ALLIANCE #CA175242

$294,900
10/22/2013

Temporarily Off Market

RMLS ALLIANCE #CA211739

$265,000
04/23/2013

Sold (Public Record)

Public Record #1120405599

$190,000
09/30/2009

Expired

RMLS ALLIANCE #CA282231

$249,900
04/11/2008

Listed (Active)

RMLS ALLIANCE #CA282231

$275,000
07/24/2007

Expired

RMLS ALLIANCE #CA265213

$310,000
07/24/2007

Expired

RMLS ALLIANCE #CA272533

$299,900
07/24/2006

Listed (Active)

RMLS ALLIANCE #CA265213

$310,000
07/24/2006

Listed (Active)

RMLS ALLIANCE #CA272533

$310,000
07/23/2001

Sold

RMLS ALLIANCE #CA211739

$257,000
04/09/2001

Pending

RMLS ALLIANCE #CA211739

—
04/01/2001

Listed (Active)

RMLS ALLIANCE #CA211739

$265,000

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

Public Records for 2875 Taylor Avenue

Taxable ValueLand$11,864Additions$97,938Total$109,802
Tax Record2024$9,223 ($769 / month)
Home Facts
Lot Size20,909 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN22-11.0-251-009

Schools near 2875 Taylor Avenue

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Laketown Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

Springfield Southeast High School
Public9 to 12

Springfield Ball Charter School
CharterK to 8

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.

Similar Homes

Similar Sold Homes

2875 Taylor Avenue is a multi-family home for sale in Springfield, IL 62703. This property was listed for sale on November 24, 2025 by The Real Estate Group, Inc., it's currently listed at $599,900. It has been on the market for a total of 30 days and was last sold on April 30, 2025. This listing's school district is Springfield School District 186. Nearby schools include Laketown Elementary School, Jefferson Middle School and Springfield Southeast High School. 2875 Taylor Avenue is a 0-bed, 0-bath, 8,646 sqft multi-family home built in 1983.

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 12/24/2025 05:47 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.