Spring Meadows Apartments

3117 Butler Street, Springfield, IL 62703
Status: Available
Year Built: 1995
Price: UNPRICED OFFERING
For more information please contact:
mike@lihtcadvisors.com
In Cooperation with:

Vaughn Zimmerman
Zimmerman Properties

# of Units: 84
# of Buildings: 7
# of Stories: 3
Rentable SF: 90,600
Lot Size: 4.04 Acres
Density: 20.79 Units/Acres

Highlights:

  • Multi-Family Property Conveniently Located Near Major Shopping Areas, Grocers, Dining, and Parks
  • Springfield is Historically Renowned for Being the Birthplace of Abraham Lincoln and Offers Tourists a  Variety of Museums and Historical Sites of Interests
  • Springfield is Home to the University of Illinois at Springfield & Lincoln Land Community College
  • The Property has Successfully Gone Through the Qualified Contract Process and is Still Within the 3 Year De-Control Period

Description:

Spring Meadows Apartments is an 84-unit housing community located in Springfield, IL. Residents enjoy easy access to major shopping areas, grocers,  pharmacies, dining, parks, and interstates, as well as peaceful surroundings and an array of on-site amenities. The property is located near the University of Illinois Springfield, Lincoln Land Community College, and primary and secondary schools. Entertainment and sites of historical importance such as the Henson Robinson Zoo, the Old State Capitol Building, and the home of former president Abraham Lincoln are within minutes from the property via I-55 and I-72.

The property was built and placed in service in 1995 under the Section 42 Low Income Housing Tax Credit (LIHTC) program. The property has gone through the qualified contract process and is no longer restricted to LIHTC rents for new tenants as of October 24th, 2019. The property is still in the three year de-control period.

Residents benefit from community amenities such as an on-site property manager, emergency maintenance services, and a community clubhouse. Spring Meadows offers two and three bedroom units that include fully equipped kitchens with microwaves, disposals, and dishwashers, private balconies and patios, ceiling fans, spacious oversized closets, central heating and air conditioning, and an abundance of storage space.

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