Sangamon County, IL – On September 8, 2025, NMBL Strategies was appointed as the court-appointed receiver for The Hickox Collection, a group of apartment buildings in Springfield, IL.  The first property is now on the market.

About The Property

Located in the heart of Downtown Springfield, this three-building multifamily portfolio is positioned for strong rent growth and long-term appreciation. The property includes 6 units in Building 606, 6 units in Building 610, and 15 units in Building 614. Many unit renovations have already been started or are close to being finished, offering a head start for the next owner. Two units are currently gutted and ready for a full remodel.

This is an ideal opportunity for an experienced investor or developer looking for a value-add multifamily project with great upside potential. Based on comparable properties and management data in the area, renovated units could achieve rents between $750 and $900 per month. This portfolio is being offered as-is. Bring your vision and unlock the potential this property has to offer!

Highlights

🏢 Three-building portfolio totaling 27 units

🏢 Downtown Springfield location – close to amenities, jobs, and transit

🏢 Value-add opportunity being offered as-is

🏢 Most units partially renovated or near completion

See the full listing here: https://svncore3.com/properties/?propertyId=1574489-sale