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    Springfield, IL Apartment Buildings for Sale

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    Six-Unit Brick Apartment Building
    Updated: Mar 31
    Six-Unit Brick Apartment Building

    1546 E CORNELL Street, Springfield, IL 62703

    $160,000
    Six occupied apartment units in a single‑story building
    All‑brick construction completed in 1968
    Individual electric meters for each unit
    Tenants pay electric and gas costs
    House meter for water and sewer; landlord pays those utilities
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    Apartment Building
    Updated: Aug 10, 2020
    Apartment Building

    820 Converse Avenue, Springfield, IL 62702

    $540,000
    Apartment building offering in Springfield, Illinois
    Includes 820 Converse Avenue
    Additional property identified at 1339 N 9th
    Springfield ZIP code 62702
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    Historic Apartment Community
    Historic Apartment Community

    631 South 4th Street, Springfield, IL 62703

    Contact for pricing
    53,265 sqft

    Two-building multifamily property with studios, one-bedroom units, ancillary structures, and an R-5(B) zoning designation.

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    See hot listings in Springfield

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Three-Building Apartment Portfolio
    Three-Building Apartment Portfolio

    604-614 South 4th Street, Springfield, IL 62703

    $540,000

    As-is multifamily property near downtown Springfield and two prominent civic landmarks.

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    Historic Multifamily Apartment Community
    Historic Multifamily Apartment Community

    631 S 4th St, Springfield, IL 62703

    $3,500,000

    Historic property with 75 studio and one-bedroom units across two buildings, plus detached garage and outbuilding.

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    264-Unit Apartment Community
    264-Unit Apartment Community

    2473 Ladley Ct, Springfield, IL 62703

    $17,000,000

    Multifamily community with a mix of one- and two-bedroom units, including updated kitchens, bathrooms, flooring, and fixtures.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Lincoln Tower High-Rise Apartments
    Lincoln Tower High-Rise Apartments

    520 South Second Street, Springfield, IL 62701

    Contact for pricing

    Downtown apartment property with one-, two-, and three-bedroom layouts plus resident-focused amenities.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 7 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    $435,000
    0.86 AC lot

    Full occupancy includes two additional lots with tenant-owned mobile homes and shared coin-operated laundry.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    102 ELM Street, Dawson, IL 62520

    $435,000

    Fully occupied multifamily property with tenant-owned mobile homes and shared coin-operated laundry facilities.

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    Mixed-Use Building with Gymnasium
    Mixed-Use Building with Gymnasium

    352 FRANKLIN Street, Jacksonville, IL 62650

    $415,000
    4.22 AC lot

    Tenant-occupied residential units occupy the main floor, with a commercially zoned lower level and substantial interior amenities.

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    Apartment Building with Gymnasium
    Apartment Building with Gymnasium

    352 FRANKLIN Street, Jacksonville, IL 62650

    $415,000
    4.22 AC lot

    Former school property combines occupied residential units with a commercially zoned lower level and oversized parking.

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    Off-Market Properties in Springfield, IL

    Consider similar Off-Market properties in Springfield, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2305-2309 Cherry Hills Dr
    Multifamily properties

    2305-2309 Cherry Hills Dr, Springfield, IL 62704

    Estimated value: by Request
    View details

    Springfield, IL Apartment Buildings Market Trends and Statistics

    Explore 8 apartment buildings for sale in Springfield, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 53,265 square feet of properties for sale, with an estimated market value of $21,740,000.

    Sale prices for apartment complexes in Springfield, IL start at $160,000, averaging $4,348,000, and reaching up to $17,000,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Small apartment buildings 1

    Demographics Overview

    Population 138K
    Population Growth (5Y) +1.9%
    Median Household Income $70,314
    College Educated 9.5%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62702 $540K
    62703 $5.3M

    Taxes & Financing

    Tax Rate (average for all types) 8.64%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sangamon County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, IL

    • 62703
    • 62701
    • 62702

    Featured Springfield Real Estate Agencies

    Realmo connects you with licensed Springfield CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Capital
    3171 Robbins Road Springfield, IL 62704
    Phone: 12175534368
    www.kwspi.com
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