2875 Taylor Ave Springfield, IL 62703
Estimated payment $3,903/month
Highlights
- Guest Parking
- Forced Air Heating and Cooling System
- Level Lot
About This Home
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.
Listing Agent
The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475159363 Listed on: 11/24/2025
Co-Listing Agent
The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475206000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,223
Year Built
- Built in 1983
Lot Details
- 0.48 Acre Lot
- Level Lot
Home Design
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 8 Bedrooms
- 8,646 Sq Ft Home
- Crawl Space
Parking
- 15 Parking Spaces
- Parking Pad
- Guest Parking
Schools
- Springfield District #186 High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Community Details
- Trash Expense $1,680
Listing and Financial Details
- Assessor Parcel Number 22-11.0-251-009
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,223 | $109,802 | $11,864 | $97,938 |
| 2023 | $8,867 | $100,294 | $10,837 | $89,457 |
| 2022 | $8,233 | $91,874 | $10,280 | $81,594 |
| 2021 | $7,960 | $88,434 | $9,895 | $78,539 |
| 2020 | $7,802 | $88,567 | $9,910 | $78,657 |
| 2019 | $7,657 | $88,258 | $9,875 | $78,383 |
| 2018 | $7,094 | $83,960 | $9,855 | $74,105 |
| 2017 | $7,626 | $90,971 | $9,729 | $81,242 |
| 2016 | $7,476 | $89,644 | $9,587 | $80,057 |
| 2015 | $7,403 | $88,572 | $9,472 | $79,100 |
| 2014 | $7,293 | $88,000 | $9,411 | $78,589 |
| 2013 | $7,130 | $88,000 | $9,411 | $78,589 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $599,900 | +23.7% | $69 / Sq Ft | |
| 04/30/2025 04/30/25 | Sold | $485,000 | -3.0% | $56 / Sq Ft | View Prior Sale |
| 03/11/2025 03/11/25 | Pending | -- | -- | -- | |
| 03/01/2025 03/01/25 | For Sale | $499,900 | +104.0% | $58 / Sq Ft | |
| 01/03/2018 01/03/18 | Sold | $245,000 | -16.9% | $28 / Sq Ft | View Prior Sale |
| 10/25/2017 10/25/17 | Pending | -- | -- | -- | |
| 08/03/2017 08/03/17 | For Sale | $294,900 | -- | $34 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $485,000 | None Listed On Document | |
| Deed | $190,000 | -- | |
| Deed | -- | -- | |
| Deed | $257,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $388,000 | New Conventional |
Source: RMLS Alliance
MLS Number: CA1040690
APN: 22-11.0-251-009
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