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3-Unit Triplex with Detached Garage
For Sale
$190,000

206 N STATE Street, Springfield, IL 62704

Residential Income, Springfield, IL

Property SizeContact for details
Days on Market44

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 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3
Parking 3
Parking features Alley
Interior features Cable Available
Basement Unfinished, Partial
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

Additional Details

Tenant in Place Yes

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

Building Details

Year built 1900
Number of units 3
Building materials Aluminum Siding
Roof type Shingle
Buildings 1
Listing Agency: The Real Estate Group, Inc.
Listed By: Joshua Kruse
Added: Sep 16 Changed: Oct 28 Last Checked: Oct 29 at 10:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This three-unit residential property includes two occupied apartments and a vacant largest unit. A studio is also part of the unit mix. The building has aluminum siding, forced-air heating, and a detached garage.

The property is a 4-minute drive from the medical district. Public water service is available, and the building dates to 1900.

Key Highlights

  • Three residential units, including a studio
  • Two units are currently leased; the largest unit is vacant
  • Detached garage

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
Multi-tenant
Tenancy

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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two occupied apartments and one vacant unit offer a mix of current tenancy and available space.
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 $190,000.
What are key features of this property?
This property features: Three residential units, including a studio; Two units are currently leased; the largest unit is vacant; Detached garage
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