2510 & 2518 W Jefferson St, Springfield, IL, 62702
About This Home
Fully Occupied 10-Unit Investment Property on 6.5 Acres Excellent opportunity to own a 10-unit multifamily property located in the desirable Springfield High School District. This property consists of two 5-unit buildings (2510 & 2518 W Jefferson) and is fully rented with a total monthly income of $7,965. Tenants pay electric and gas. Owner pays water, sewer, trash, and mowing. Situated on 6.5 acres with R3 County zoning, the property offers future development potential. A duplex previously stood on the property and was lost to a fire many years ago, providing the opportunity to rebuild at least one additional multi-unit structure. There is also ample space for further expansion, subject to zoning and county approval. The property features a creek, wooded areas, and a gazebo, creating a peaceful setting for tenants while still being conveniently located.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Range,Refrigerator,Washer,Water Heater
- Laundry features: Other
Basement
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating & Cooling
- Heating features: Baseboard
- Cooling features: Central Air
Interior Area
- Total structure area: 6,180
- Total interior livable area: 6,180 sqft
Property
Details
- Parcel number: 1430203014
- Zoning description: R3
Features
- Waterfront features: Creek
Lot
- Lot size: 6.60 Acres
- Features: Other,Wooded
- Lot size dimensions: 392 x 132 x 165 x 170 x 200
Parking
- Total spaces: 30
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,791 | $45,492 |
| Home Insurance * | $872 | $10,464 |
| Property Taxes | $1,180 | $14,160 |
| Electricity | $475 | $5,704 |
| Total | $6,318 | $75,816 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Price change | $749,800 |
| 2026-03-04 | Listed for sale | $799,800 |
View on Zillow