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3-Unit Multifamily Property

2316 S 6TH Street, Springfield, IL 62703

For Sale
New
$185,000

Residential Income, Springfield, IL

Property SizeContact for details
Days on Market2

Property Features for 2316 S 6TH Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3
Parking 3
Parking features Alley
Basement Unfinished
Subdivision Harvard Park
Lot features Level
High school Springfield District #186
Directions Heading North on South 6th Street, building is on the East side of street before underpass
Standard status Active
APN 22030353005

Taxes and HOA fees

Tax Year 2025
Tax Description L 472 HARVARD PARK
Tax Annual Amount 3330
Legal Description L 472 HARVARD PARK

Utilities

Heating system Forced Air, Baseboard, Natural Gas
Water source Public

Building Details

Year built 1925
Number of units 3
Building materials Aluminum Siding
Roof type Shingle
Buildings 2
Listing Agency: The Real Estate Group, Inc.
Listed By: Megan Pressnall · License IL #475162500
Added: Nov 9 Changed: Nov 10 Last Checked: Nov 10 at 5:06PM
MLS# CA1047688

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.

The property has three apartments across two buildings. The front structure is a two-flat with a 2-bedroom, 1-bath apartment on each level; both are occupied. At the rear, a garage occupies the ground floor, with a separate 1-bedroom apartment above. The buildings date to 1925 and have aluminum siding. Heating includes baseboard and forced-air systems using natural gas.

The roofs are approximately 6 years old. The property is professionally managed, and parking access is via an alley.

Key Highlights

  • Three apartments in two separate buildings
  • Both 2‑bedroom, 1‑bath units in the front two‑flat are occupied
  • Rear building has a ground‑level garage and a separate 1‑bedroom apartment above

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

505
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
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Market

Properties on Market for Multifamily properties in Springfield

Jul
Aug
Sep
Oct

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?
Multifamily property - Two apartments are occupied, and a third sits above a ground-level garage in the rear building.
Where is this multifamily property located?
The property is located at 2316 S 6TH Street Springfield, IL.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Three apartments in two separate buildings; Both 2‑bedroom, 1‑bath units in the front two‑flat are occupied; Rear building has a ground‑level garage and a separate 1‑bedroom apartment above
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