Built in the early 1900’s, the three buildings are located in Springfield, Missouri at 423 E Elm Street, 722 S Jefferson Avenue & 728 S Jefferson Avenue. All three buildings were originally built as multiple dwelling apartments and have been consistently used as such through the years. The buildings are included on the National Register of Historic Places because of their contribution as part of Springfield’s compelling inventory of intact early period multiple-dwelling apartment buildings. Built over 80 years ago to fill the housing demands for easy access to mass transportation and commercial business interests, the buildings stand today as a testimony of the continued need for affordable, accessible, quality housing in thriving downtown Springfield.
The existing units (72 efficiencies) were converted into 12 efficiency units with one bath and 40 one-bedroom units with one bath. The rental rates include water, trash and sewer paid. Each unit has central heating and air conditioning, washer/dryer, dishwasher, garbage disposal, range and oven, refrigerator, microwave, carpeting, and mini-blinds. Every household is provided wireless Internet access to allow for a technology accessible opportunity. In addition to modern units, the property provides a landscaped community patio area for the residents to enjoy a quiet place to relax. By utilizing our already local, experienced management and maintenance staffs, the property is professionally managed, ensuring its continued viability for many years to come. Accordingly, the project serves as much needed multi-family housing that encourages the continued growth of commercial and retail developments crucial to the balance of an economic and prosperous downtown infrastructure.
Springfield Commons was developed as an affordable housing community that targets income qualifying residents with incomes at or below 60% of the median income. The income limits for this community are located to the right on our official website http://midamproperties.com/
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