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    545 S Lincoln St Springfield, IL 62704

    Picture of Quadplexes at S Lincoln St 545, Springfield, IL
    For Sale
    $150,000

    Residential Income - Springfield, IL

    Property size:
    2,268 SF
    Days on Market:
    82
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 545 S Lincoln St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    APN
    14320277041
    Parking
    2
    Parking features
    On Street
    Exterior features
    Level
    Size
    2,268 SF

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Masonite, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Jay Clark (217) 787-7000 License #475103848

    Listing date Sep 16, 2025

    MLS# CA1039242 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Income-Producing Fourplex Near Downtown

    This income-producing fourplex is located close to Washington Park and downtown Springfield. The property offers potential for paving a parking lot in the rear. The monthly rental income is $2,950, with monthly expenses of $1,015, resulting in an annual income of $34,500 and annual expenses of $12,180. The property is priced at a 14.01 capitalization rate. The building has a total size of 2,268 square feet and is located in Springfield, Illinois, with a zoning designation of R-2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Building Supply Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.673152
    Latitude
    39.796412

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    FAQs

    What type of property is this?
    Quadplex - Income-generating fourplex near Washington Park and downtown Springfield.
    Where is this quadplex located?
    The property is located at 545 S Lincoln St Springfield, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Solid income-producing 4-plex with an impressive 14.01 capitalization rate.; - Enjoy a monthly rental income of $2,950, bringing in $34,500 annually.; - Explore the potential to add a parking lot in the rear of the building.
    (217) 787-7000
    Request Owner's contact information
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    545 S Lincoln St Springfield, IL 62704
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