Springfield, IL Apartment Buildings for Sale

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Springfield Multifamily Investment Opportunity

$799,800

6.60 Acres

Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

Fully occupied 10-unit property on 6.5 acres with development potential.

Fully occupied 10‑unit property generating $7,965 in monthly income
Significant development potential on 6.5 acres with R3 zoning
Located in the desirable Springfield High School District
Opportunity to rebuild an additional multi‑unit structure (duplex previously existed)
Tenants pay for electric and gas, reducing owner expenses

Updated: Mar 4

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$675,000

Furnished Historic Apartment Building Investment

520 E S Grand Avenue, Springfield, IL 62703

Turnkey, furnished 12-unit apartment building with income potential.

Listed under appraised value, presenting an immediate investment advantage.
Turnkey investment with 12 fully furnished 1‑bedroom units, ready for immediate rental income.
Recent upgrades in select units (2025) including new furnishings, modern cabinetry, updated appliances, and refreshed bathrooms.
Historic brick building with newer windows and roof (approx. 2016) ensuring durability and energy efficiency.
Each unit is move‑in ready with complete furniture package, kitchen essentials, and flat‑screen TVs.

Updated: Jan 4

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$675,000

Furnished Historic Apartment Building Investment

Well-maintained, fully furnished 12-unit building in Springfield, Illinois.

520 E S Grand Avenue, Springfield, IL 62703

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$965,000

Renovated Multifamily Asset in Springfield

19-unit multifamily property with renovated units and value-add potential.

1025 S 5TH Street, Springfield, IL 62703

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$599,900

0.48 Acres

Springfield Multifamily Investment Opportunity

Well-maintained 8-unit apartment complex near Medical District.

2875 TAYLOR Avenue, Springfield, IL 62703

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$325,000

Springfield Commercial Property with Apartments

Commercial building with office suites and apartments in central location.

983 Clocktower Drive, Springfield, IL 62704

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$225,000

Springfield Multi-Unit Investment Opportunity

Ten-unit brick ranch property in Springfield, Illinois for sale.

1901 S 1ST Street, Springfield, IL 62704

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$399,000

Springfield Multifamily Investment Opportunity

Six-unit apartment building near downtown Springfield.

102 W Scarritt Street, Springfield, IL 62704

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$849,900

Well-Maintained Apartment Complex Investment

Turnkey 12-unit apartment complex in excellent location.

2309 W LAWRENCE Avenue, Springfield, IL 62704

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Investment Opportunity: Apartment Buildings and House

$89,000

2.73 Acres

Investment Opportunity: Apartment Buildings and House

Two apartment buildings (11 units) and a house needing renovation.

3011 Niccolls Road, Springfield, IL 62703

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Historic Multifamily Building in Springfield

$399,000

1.80 Acres

Historic Multifamily Building in Springfield

15,000 sqft historic building with 26 studio units.

541 E BLACK Avenue, Springfield, IL 61702

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$1,000,000

Springfield Multifamily Investment Opportunity

Two buildings with nineteen 1BR units and one office.

1025 S 5TH Street, Springfield, IL 62703

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$160,000

Springfield Multifamily Investment Opportunity

Six-unit, all-brick apartment building in Springfield, Illinois. Sold As-Is.

1546 E CORNELL Street, Springfield, IL 62703

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Based on your search, we've compiled 347 Potential Opportunities for your consideration. Besides 13 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 326 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$575,000

Riverton Multifamily Investment Opportunity

Well-maintained 10-unit multifamily property in Riverton, Illinois.

555 MADISON Street, Riverton, IL 62561

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$575,000

Well-Maintained Multi-Family Riverton Property

10 units, including 8-plex and garage with apartments.

555 MADISON Street, Riverton, IL 62561

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$149,900

6,412 SF

Historic Mixed-Use Building For Sale

All-brick historic building with garage, ideal for mixed-use development.

326 West State Street, Jacksonville, IL 62650

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Historic Mixed-Use Building in Jacksonville

$149,900

7,976 SF

Historic Mixed-Use Building in Jacksonville

All-brick building near courthouse, ideal for mixed-use development.

326 W STATE Street, Jacksonville, IL 62650

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$2,750,000

29.20 Acres

Prime Development Land Opportunity

29.2 acres of retail-zoned land in Springfield, Missouri.

N West Bypass, Springfield, MO 65802

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Entitled Land for Multifamily Development

$8,550,000

4.24 Acres

Entitled Land for Multifamily Development

4.24 acres approved for 228 units in Nashville.

7220 Charlotte Pike West, Nashville, TN 37209

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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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$699,900

1.33 Acres

Greenville Development Opportunity: 1.33 Acres

APARTMENT HOUSE (UNDER 5 UNITS) • 3,200 SF

Value Estimation by Request

10342 Elizabeth St, Westchester, IL 60154-3945

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1626 Mannheim Rd

APARTMENT HOUSE (UNDER 5 UNITS) • 2,848 SF

Value Estimation by Request

1626 Mannheim Rd, Westchester, IL 60154-4319

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APARTMENT HOUSE (UNDER 5 UNITS) • 3,491 SF

Value Estimation

$515,000

1 Vail Ave, Arlington Heights, IL 60005-1477

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Springfield, IL Apartment Buildings Investment Opportunities Market Analysis

Explore 339 apartment buildings for sale in Springfield, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 2,041,710 square feet of properties for sale, with an estimated market value of $95,937,700.

Sale prices for two-family homes in Springfield, IL start at $89,000, averaging $497,086, and reaching up to $3,855,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Springfield, IL Apartment Buildings for Sale

Springfield Multifamily Investment Opportunity

Fully occupied 10-unit property on 6.5 acres with development potential.

Furnished Historic Apartment Building Investment

Turnkey, furnished 12-unit apartment building with income potential.

Furnished Historic Apartment Building Investment

Renovated Multifamily Asset in Springfield

Springfield Multifamily Investment Opportunity

Springfield Commercial Property with Apartments

Springfield Multi-Unit Investment Opportunity

Springfield Multifamily Investment Opportunity

Well-Maintained Apartment Complex Investment

Investment Opportunity: Apartment Buildings and House

Historic Multifamily Building in Springfield

Springfield Multifamily Investment Opportunity

Springfield Multifamily Investment Opportunity

Explore Opportunities in Nearby Cities

Riverton Multifamily Investment Opportunity

Well-Maintained Multi-Family Riverton Property

Historic Mixed-Use Building For Sale

Historic Mixed-Use Building in Jacksonville

Potential Development Sites for Consideration

Prime Development Land Opportunity

Entitled Land for Multifamily Development

Asheville Development Opportunity: 5.94 Acres

Greenville Development Opportunity: 1.33 Acres

Explore Off-Market Properties in Springfield, IL

1941 Mannheim Rd

1346 Norfolk Ave, Unit I

805 Wilke Rd

10342 Elizabeth St

1626 Mannheim Rd

1626 Mannheim Rd

1520 Arlington Hts Rd

1520 Arlington Hts Rd

1520 Arlington Hts Rd

1636 Mannheim Rd

1 Vail Ave

Springfield, IL Apartment Buildings Investment Opportunities Market Analysis

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