Springfield, IL Apartment buildings for sale

Updated: Mar 4

Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

$749,800

6.60 AC lot

Fully occupied 10‑unit multifamily property on 6.5 acres in Springfield High School District
Two 5‑unit buildings at 2510 & 2518 W Jefferson; total monthly income $7,965
Central air cooling and natural gas/other heating with baseboard; shingle roof
Tenants pay electric and gas; owner pays water, sewer, trash, and mowing
R3 County zoning with creek, wooded areas, and a gazebo

View details

Updated: May 1

Six-Unit Apartment Building

824 E Ridgely Avenue, Springfield, IL 62702

$379,900

4,500 SF, six‑unit apartment building with all units renovated
Updated exterior includes new roof and all new siding in 2021
Multiple new HVAC systems and water heaters reported
Heating: natural gas forced air; cooling: central air
Public water supply; shingle roof; wood siding construction

View details

Springfield Multifamily Investment Opportunity

629 W WASHINGTON Street, Springfield, IL 62702

$385,000

Six-unit complex with high occupancy and recent renovations.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Springfield Multifamily Investment Opportunity

1546 E CORNELL Street, Springfield, IL 62703

$160,000

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

View details

Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Unique Multifamily Asset in Jacksonville

500 W State St, Jacksonville, IL 62650

$2,800,000

58-unit multifamily property with distinctive architectural character in Jacksonville, Illinois.

View details

Mixed-Use Apartment Building

352 FRANKLIN Street, Jacksonville, IL 62650

$450,000

4.22 AC lot

Tenant-occupied residential units share space with a lower level featuring a gymnasium, locker rooms, and commercial zoning.

View details

Decatur Multifamily Investment Opportunity

105, 111, 117, & 133 Elder Lane, Decatur, IL 62522

$2,130,000

35-unit multifamily property in Decatur, Illinois with value-add potential.

View details

Multifamily Property with Redevelopment Potential

417-461 W Wood St, Decatur, IL 62522

$800,000

16,248 sqft

Converted multifamily property with value-add opportunity in Decatur, Illinois.

View details

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.

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

View details

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

View details

Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

View details

Norman Land For Luxury Condos

801 NW 36th Avenue, Norman, OK 73072

$285,000

0.74 AC lot

Prime Norman land suitable for luxury condos development.

View details

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.

Multifamily properties

2305-2309 Cherry Hills Dr, Springfield, IL 62704

Value Estimation by Request

View details

Springfield, IL Apartment Buildings Market Trends and Statistics

Explore 5 apartment buildings for sale in Springfield, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 57,185 square feet of properties for sale, with an estimated market value of $1,924,701.

Sale prices for two-family homes in Springfield, IL start at $1.00, averaging $320,783, and reaching up to $749,800 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
62703	$160K
62702	$441.2K

Neighborhood

Average Price

62703

$160K

62702

$441.2K

Springfield, IL Apartment Buildings for Sale

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

824 E Ridgely Avenue, Springfield, IL 62702

629 W WASHINGTON Street, Springfield, IL 62702

1546 E CORNELL Street, Springfield, IL 62703