Springfield Multifamily Investment
For Sale
$160,000
1546 E CORNELL Street, Springfield, IL 62703
MULTI_FAMILY - Springfield, IL
Days on Market122
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
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 4
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
Active
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.
(217) 787-7000
Listed By:
Ben Call · License #475139475
(217) 341-9397
Added: Mar 31
Changed: Jul 12
Last Checked: Jul 30 at 11:06PM
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.
This is an all-brick, one-story apartment building containing six units. Each unit has an individual electric meter. The property is being sold As Is, with all units currently occupied. Tenants are responsible for paying their own electric and gas bills. The landlord is responsible for the house meter, which covers water and sewer expenses. The property is located in Springfield, Illinois.
Key Highlights
- All‑brick 1‑story 6‑unit apartment building built in 1968
- Individual electric meters for each unit; tenants pay electric and gas
- Public water service; water and sewer tied to a house meter paid by the landlord
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit, all-brick apartment building in Springfield, Illinois.
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: All‑brick 1‑story 6‑unit apartment building built in 1968; Individual electric meters for each unit; tenants pay electric and gas; Public water service; water and sewer tied to a house meter paid by the landlord
