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Three-Unit Multifamily Property
For Sale
$215,000

206 N STATE Street, Springfield, IL 62704

Residential Income, Springfield, IL

Property SizeContact for details
Days on Market9

Property Features for 206 N STATE Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3
Parking 3
Parking features Alley
Interior features Cable Available
Basement Partial, Unfinished
Lot features Level
High school Springfield District #186
Directions Heading East on W Washington from S MAcArthur, turn North on State. Home is on the east side of the street.
Standard status Active
APN 14-28.0-379-012

Taxes and HOA fees

Tax Year 2025
Tax Description L 11 E.A. WILSONS ADDN #3
Tax Annual Amount 3532
Legal Description L 11 E.A. WILSONS ADDN #3

Utilities

Heating system Natural Gas, Forced Air, Other (Heating)
Water source Public

Building Details

Year built 1900
Number of units 3
Building materials Aluminum Siding
Roof type Shingle
Listing Agency: The Real Estate Group, Inc.
Listed By: Joshua Kruse · License #475144896
Added: Sep 16 Changed: Sep 19 Last Checked: Sep 24 at 2:06PM
MLS# CA1046545

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 three-unit multifamily property was built in 1900 and features aluminum siding, shingle roofing, public water, and natural-gas forced-air heating. Two units are currently leased, while the largest unit is vacant and available for a new occupant. Interior features include cable availability and three bathrooms.

A detached garage adds flexible storage capacity and may also support rental use. The property is a 4 minute drive from the medical district, providing convenient access to that employment center. Alley parking is available, and the property is located in Springfield, Illinois.

Key Highlights

  • Three‑unit building with two units currently leased
  • Largest unit is vacant and available for occupancy
  • Detached garage offers storage or potential rental use

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,570
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
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?
Triplex - Two units are leased, while the largest unit is available for occupancy.
Where is this triplex located?
The property is located at 206 N STATE Street Springfield, IL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑unit building with two units currently leased; Largest unit is vacant and available for occupancy; Detached garage offers storage or potential rental use
More about this property
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