748 Bruns Ln N | Springfield, IL 62702
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748 Bruns Ln N
Springfield, IL 62702
Auction - Olde Towne Apartments | 218 Units · Multifamily Property For Sale
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218 Units
INVESTMENT HIGHLIGHTS
- STARTING BID $1,250,000 | Olde Towne Apartments | 218 Units | Vacant | AUCTION OCTOBER 27-29
- Efficient Unit Mix & Sizes: 1-Bed (33%, ±580 SF), 2-Bed (47%, ±960 SF), 2-Bed,1.5-Bath TH (9%, ±1,100 SF), 2-Bed,1.5-Bath Large TH (11%, ±1,180 SF)
- Employment & Demand Drivers: Springfield MSA anchored by State of Illinois plus large healthcare/education bases
- Scale & Flexibility: 218 units across 25 two and three-story, garden-style buildings on ±11.84 acres - enables phased renovations
- Infill Capital-City Location: Quick access to Route 97/Route 4, ±2.5 miles to Amtrak, ±4 miles to Abraham Lincoln Capital Airport; near bus stops
PROPERTY FACTS
| No. Units | 218 | Lot Size | 11.59 AC |
| Property Type | Multifamily | Building Size | 249,618 SF |
| Property Subtype | Apartment | Average Occupancy | 33% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | F | Year Built | 1974 |
| Zoning | R-3B - single-family and duplex housing | ||
| No. Units | 218 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 11.59 AC |
| Building Size | 249,618 SF |
| Average Occupancy | 33% |
| No. Stories | 3 |
| Year Built | 1974 |
| Zoning | R-3B - single-family and duplex housing |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Picnic Area
- Playground
- Property Manager on Site
- Package Service
- Health Club Discount
- Maintenance on site
- Sundeck
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,812,761 | |
| Land Assessment | $310,857 | Total Assessment | $2,123,618 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$310,857
Improvements Assessment
$1,812,761
Total Assessment
$2,123,618
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