Investment Overview

Marcus & Millichap is pleased to exclusively present Maple Tree Townhomes & Condos, a 35-unit apartment complex located in Riverton, IL. Located just 15 minutes from the Springfield, IL the property benefits from proximity to the state capital and the largest city in central Illinois. The property was built predominantly from 1993-1998 and is comprised of Ten (10) Two Bedroom / One and a half bath apartments, Two (2) Two Bedroom / One Bath Apartments, Four (4) Three Bedroom / One and a half bath Apartments, and Nineteen (19) Three Bedroom / Two Bath Apartments. Every unit has an attached garage. The two-bedroom units average approximately 1,008 square feet with current blended rents of $955, compared to nearby comparable properties averaging $1,180. The three-bedroom units average approximately 1,373 square feet with current blended rents of $1,087, while comparable properties average $1,469. This rent delta highlights a compelling opportunity for value-add interior renovations to drive substantial revenue growth. Maple Tree Townhomes & Condos offers investors the opportunity to acquire 35 well-maintained units near Springfield, Illinois. With strong curb appeal, oversized floor plans, attached garages throughout, and clear value-add potential, the property is well positioned for both near-term upside and long-term performance.