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Six-Unit Brick Apartment Building
For Sale
$160,000
Pending

1546 E CORNELL Street, Springfield, IL 62703

Residential Income, Springfield, IL

Property SizeContact for details
Days on Market178

Property Features for 1546 E CORNELL Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2
Parking 6
Lot features Level
High school Springfield Southeast
Directions 11th St. to Cornell. West to 1546. Property on South side of street.
Standard status Pending
APN 22030430055

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 19-21 LINCOLN HEIGHTS 3-15-5 75 X 130
Tax Annual Amount 2623
Legal Description LOTS 19-21 LINCOLN HEIGHTS 3-15-5 75 X 130

Utilities

Heating system Baseboard
Water source Public

Building Details

Year built 1968
Number of units 6
Building materials Brick
Roof type Shingle
Listing Agency: The Real Estate Group, Inc.
Listed By: Ben Call · License #475139475
Added: Mar 31 Changed: Sep 16 Last Checked: Sep 24 at 1:06PM
MLS# CA1042690

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Located at 1546 E Cornell Street in Springfield, Illinois, this six-unit apartment property is a single-story, all-brick building constructed in 1968. The units are being sold in as-is condition and are currently occupied. Baseboard heating, a shingle roof, and public water service are among the recorded property features.

Each apartment has its own electric meter, while tenants pay their electric and gas costs. Water and sewer are served through a house meter and paid by the landlord. The property includes three- and four-bedroom room designations in the recorded information, along with multiple bathrooms.

Key Highlights

  • Six occupied apartment units in a single‑story building
  • All‑brick construction completed in 1968
  • Individual electric meters for each unit

Property Analytics

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Current Use

Apartment buildings

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

230
Businesses Nearby

Demographics for 62703, IL

28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Single-story property with individual electric metering and tenant-paid electric and gas.
Where is this apartment building located?
The property is located at 1546 E CORNELL Street Springfield, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Six occupied apartment units in a single‑story building; All‑brick construction completed in 1968; Individual electric meters for each unit
More about this property
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