$575,000
SOLD MAR 31, 2026

2875 Taylor Ave Springfield, IL 62703

8 Beds
-- Bath
8,646 Sq Ft
20,909 Sq Ft Lot

Sale Details

Date Sold: March 31, 2026

$67 Per Sq Ft

4% Below List Price

51 Days on Market

Highlights

  • Guest Parking
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Jerry George

The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475159363 Listed on: 11/24/2025

The Real Estate Group, Inc.

Co-Listed By

Inar Kattom

The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475206000

Last Buyer's Agent

Jerry George

The Real Estate Group, Inc. Brokerage Phone: 217-638-1360 License #475159363 Listed on: 11/24/2025

The Real Estate Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,223

Year Built

  • Built in 1983

Lot Details

  • 20,909 Sq Ft 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,223

Year Built

Built in 1983

Lot Details

0.48 Acres

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1983
  • New Construction: No
  • Structure Type: Apartment Building
  • Attribution Contact: Pref: 217-638-1360
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Total Bedrooms: 8
  • Interior Amenities: Cable Available

Exterior Features

  • Lot Features: Level
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Guest, Parking Pad
  • Total Parking Spaces: 15

Utilities

  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Laundry Features: Common Area, Owned Equipment
  • Water Source: Public Sewer, Public
  • GasExpense: 0
  • NumberOfRanges: 8
  • NumberofRefrigerators: 8
  • NumberOfWashers: 1
  • NumberOfDryers: 1
  • NumberOfDishwashers: 0
  • NumberOfWindowUnits: 0

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 500

Fee Information

  • Trash Expense: 1680
  • AdvertisingExpense: 0

Schools

  • High School: Springfield District #186

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size: Irregular
  • Parcel #: 22-11.0-251-009

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9222.82
  • TaxExemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2025
Closed on
Apr 30, 2025
Sold by
Mm And Bb Llc
Bought by
Bin Piaza Inc
Seller's Agent
Kyle Killebrew
The Real Estate Group, Inc.
Buyer's Agent
Kyle Killebrew
The Real Estate Group, Inc.
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.46%
Original Mortgage
$388,000
Outstanding Balance
$343,412
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$248,428

Purchase Details

Listed on
Aug 3, 2017
Closed on
Jan 3, 2018
Sold by
Level Three Properties Llc
Bought by
Mm And Bb Llc
Seller's Agent
Steve Contri
RE/MAX Professionals
Buyer's Agent
Steve Contri
RE/MAX Professionals
List Price
$294,900
Sold Price
$245,000
Premium/Discount to List
-$49,900
-16.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$196,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2013

Purchase Details

Closed on
Jun 27, 2002

Purchase Details

Closed on
Jul 23, 2001
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $485,000 None Listed On Document
Warranty Deed $245,000 Zelle Law Offices Pc
Deed $190,000 --
Deed -- --
Deed $257,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $388,000 New Conventional
Previous Owner $196,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2026 03/31/26 Sold $575,000 -4.2% $67 / Sq Ft
01/14/2026 01/14/26 Pending -- -- --
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
Source: RMLS Alliance

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: CA1040690

RMLS Alliance

APN: 22-11.0-251-009

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