909 S Chatham Rd | Springfield, IL 62704
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- LoopNet Team
909 S Chatham Rd
Springfield, IL 62704
Pasfield Park Apartments · Multifamily Property For Sale
·
62 Units
INVESTMENT HIGHLIGHTS
- Pasfield Park Apartments is a 62-unit multifamily community boasting approximately 96% occupancy with a year-to-date net operating income of $125,135.
- Take over a centrally located multi-building apartment complex with most units recently renovated, comprised of eight 1 BR and 54 2 BR units.
- Robust tenant base with 42% of the 73,181 people in a three-mile radius being renters and reporting an average household income of $73,136.
- Across the street from Springfield’s esteemed Washington Park, only three miles from Downtown and walkable to dozens of superior amenities.
- Residents can walk to Starbucks, Walgreens, Pasfield Golf Course, County Market, Shamrock Tavern, and an array of eateries in less than 15 minutes.
- Rents in the Springfield multifamily market have posted an average annual gain of 3.3% with only 46 units currently under construction.
PROPERTY FACTS
| No. Units | 62 | Lot Size | 5.16 AC |
| Property Type | Multifamily | Building Size | 52,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2017 |
| Building Class | B |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.16 AC |
| Building Size | 52,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2017 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
PROPERTY TAXES
| Parcel Number | 14-32.0-304-028 | Improvements Assessment | $1,039,601 |
| Land Assessment | $194,916 | Total Assessment | $1,234,517 |
PROPERTY TAXES
Parcel Number
14-32.0-304-028
Land Assessment
$194,916
Improvements Assessment
$1,039,601
Total Assessment
$1,234,517
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