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Multifamily

The Hickox Apartments

631 S 4th St, Springfield, IL 62703

Listing Price: $2,060,000

Cap Rate
1.00%
Number of Units
1
Price/Unit
$2,060,000
Price/Gross SF
$37.66
Gross SF
54,700

Investment Overview

Marcus & Millichap is pleased to present the Hickox Apartments, a 103 unit, five building portfolio located in Springfield, IL, just steps from the State Capital, the historic downtown business district and the Governor’s Mansion and Lincoln’s Home, a National Historic Site. The Hickox Apartments have been held and managed by the same family for over 45 years. The Hickox Apartments is a rare value-add opportunity in a prime location in Springfield. The unit mix is comprised of 54 one-bedroom apartments and 49 studio apartments. The buildings are located adjacent and across the street from each other and originally constructed in the 1920’s. The buildings consist of one five-story elevator building and four three-story walk-ups. The Hickox Apartments originally served as the second homes and housing for those working in and serving the State Government, related government businesses, associations and agencies. The Hickox Apartments is recognized by the U.S. Department of the Interior and the National Park Service in the National Register of Historical Places.

Investment Highlights

  • Steps from the State Capital and Downtown Springfield
  • Six Blocks from the Amtrak Station
  • Convenient, In-Demand Location
  • Ideal for Renovation

Exclusively Listed By

Financing By

Multifamily

The Hickox Apartments

Listing Price: $2,060,000

Cap Rate
1.00%
Number of Units
1
Price/Unit
$2,060,000
Price/Gross SF
$37.66
Gross SF
54,700

Investment Highlights

  • Steps from the State Capital and Downtown Springfield
  • Six Blocks from the Amtrak Station
  • Convenient, In-Demand Location
  • Ideal for Renovation

Investment Overview

Marcus & Millichap is pleased to present the Hickox Apartments, a 103 unit, five building portfolio located in Springfield, IL, just steps from the State Capital, the historic downtown business district and the Governor’s Mansion and Lincoln’s Home, a National Historic Site. The Hickox Apartments have been held and managed by the same family for over 45 years. The Hickox Apartments is a rare value-add opportunity in a prime location in Springfield. The unit mix is comprised of 54 one-bedroom apartments and 49 studio apartments. The buildings are located adjacent and across the street from each other and originally constructed in the 1920’s. The buildings consist of one five-story elevator building and four three-story walk-ups. The Hickox Apartments originally served as the second homes and housing for those working in and serving the State Government, related government businesses, associations and agencies. The Hickox Apartments is recognized by the U.S. Department of the Interior and the National Park Service in the National Register of Historical Places.

Exclusively Listed By

Financing By

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