Stabilized Class C property generating a $25,000 monthly GPR with room to grow! Located in Southeast region of Springfield, Lakeside Village is an established complex operating three 12 unit apartment buildings. Total of 36 2BR/1BA units large parking lot & well maintained privacy fenced grounds. Individually metered all electric units with shared water meters (owner pays) & common coin laundry (income). Owner provides 2022 Profit/Loss totals, Q1 P/L, April 2023 Rent Roll, 2023 P/L projection, and says bring your offer.
Multi-familyProperty Type
1978Year Built
$42Price/Sq.Ft.
50 spacesParking
Listed by Kyle Killebrew• The Real Estate Group, Inc.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Sangamon County
APN
22-11.0-329-020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 17, 2025.
PUD
Planned Unit Development District
Traditional land development through subdivision is in general designed to apply to individual lots, sometimes making innovative, creative, and efficient land development more difficult than necessary. It is the purpose of a planned unit development to provide innovation, creativity, and efficiency by: Producing a development which would be as good or better than traditional development; Permitting developments which will provide a desirable and stable environment in harmony with the surrounding area and in accord with adopted plans for the city Permitting flexibility that will encourage a more creative approach in the development of land, which will result in a more efficient, aesthetic, and desirable integration of open space with housing and other land uses; Protecting and preserving scenic and natural features such as streams, trees, and topographic features; Permitting development of more energy efficient living areas by encouraging bicycle and pedestrian circulation facilities which will reduce reliance on automobiles, allowing for the proper orientation of streets, lots, and buildings to facilitate current and future solar energy application, and in general promoting a way of life that will lessen the consumption of scarce energy resources; Encouraging a more stable neighborhood by permitting a mixture of housing types.
Permitted uses
Include but are not limited to:
Gas station
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Manufacturing
Hotel / motel
Office
Property details
Parking
Parking Information
Parking Total: 50
Parking Features: Guest Parking
Interior
Heating & Cooling
Heating: Electric, Forced Air, Central Air
Room Information
Basement: Unfinished
Interior Features
Cable Available
Laundry Features: Common Area, Owned Equipment
Multi-Unit Information
Units: 36
Unit 1 Information
Unit 1 Full Bathrooms: 1
Unit 1 Half Bathrooms: 0
Unit 1 Covered Parking Spaces: 0
Unit 1 Actual Rent: 650
Unit 1 Type: Unit 1
Unit 1 Bedrooms: 2
Unit 2 Information
Unit 2 Full Bathrooms: 1
Unit 2 Half Bathrooms: 0
Unit 2 Covered Parking Spaces: 0
Unit 2 Actual Rent: 715
Unit 2 Type: Unit 2
Unit 2 Bedrooms: 2
Unit 3 Information
Unit 3 Full Bathrooms: 1
Unit 3 Half Bathrooms: 0
Unit 3 Covered Parking Spaces: 0
Unit 3 Actual Rent: 675
Unit 3 Type: Unit 3
Unit 3 Bedrooms: 2
Unit 4 Information
Unit 4 Full Bathrooms: 1
Unit 4 Half Bathrooms: 0
Unit 4 Covered Parking Spaces: 0
Unit 4 Actual Rent: 700
Unit 4 Type: Unit 4
Unit 4 Bedrooms: 2
Exterior
Property Type
Property Sub Type: Residential Income
Exterior Features
Fence
Roof: Cement, Shingle
Property Information
Property Sub Type: Residential Income
Lot Information
Lot Features: Corner Lot, Level
Lot Size Dimensions: Irregular
Road Surface Type: Paved
Building Information
Is New Construction: No
Building Area Total: 36828
Financial
Tax Information
Tax Year: 2022
Tax Annual Amount: 14784
Tax Legal Description: Lake Victoria Pud Project G-1 Except Lot G-1-4 11-15-5
Utilities
Utility Information
Water Source: Public Sewer, Public
Location
School Information
High School: Springfield District #186
Location Information
Directions: CORNER OF BUTLER & LAKE VICORIA DR, 1 BLOCK FROM STEVENSON
Subdivision Name: None
MLS Area Minor: Springfield
Community Information
Laundry Features: Common Area, Owned Equipment
Units: 36
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Sangamon County
APN: 22-11.0-329-020
Home facts updated by county records on Sep 17, 2025
Other
Listing Information
MLS Area Minor: Springfield
Standard Status: Closed
Home Information
Building Area Total: 36828
Structure Type: Apartment Building
Year Built: 1978
Information for Agents
Attribution Contact: Mobl: 217-741-4040
Around this home
Schools
Places
Transit
Edwin A Lee Elementary School
Public K-12 • Assigned • 1.7mi
2/10
Jefferson Middle School
Public 6-8 • Assigned • 0.5mi
2/10
Springfield Southeast High School
Public 9-12 • Assigned • 1.3mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Springfield, IL • 62703
Average low and high temperatures (°F)
33
17
42
25
62
38
69
49
75
55
84
67
88
71
84
66
82
59
72
49
53
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.2 hours in
June and 4 hours in December, which is comparable to the
U.S. average for solar exposure.