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Three-Building Apartment Portfolio
For Sale
$540,000

604-614 South 4th Street, Springfield, IL 62703

As-is multifamily property near downtown Springfield and two prominent civic landmarks.

Property Size26,856 SF
Days on Market18

Property Features for 604-614 South 4th Street

General Information

Standard status Active
Size 26,856 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 27

Building Details

Building Size 26,856 SF
Buildings 3
Units 27
Listing Agency: SVN | Core 3
Listed By: Carrie Tinucci-Troll, CCIM · License #IL475166842
Source: Commercialcafe
Added: Aug 15 Changed: Aug 29 Last Checked: Aug 31 at 1:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Core 3

Investment Insights

Based on property information with market context.

This as-is apartment portfolio includes three separate buildings at 604–614 South 4th Street in Springfield, Illinois. Building 606 contains 6 units, Building 610 contains 6 units, and Building 614 contains 15 units, creating a 27-unit multifamily offering across the property. The buildings are offered in their current condition.

The portfolio is located in downtown Springfield, within walking distance of the Governor’s Mansion and the Capitol Building. Its central setting places the three-building asset near the city’s primary civic district while retaining a defined apartment configuration across multiple addresses.

Key Highlights

  • 27 units across three apartment buildings
  • Building 606 includes 6 units
  • Building 610 includes 6 units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Storage Facility HVAC Service Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Home Appliance 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

27
Residential units

Location Intelligence

Trade Area within ½ mile

1,861
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

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 - As-is multifamily property near downtown Springfield and two prominent civic landmarks.
Where is this apartment building located?
The property is located at 604-614 South 4th Street Springfield, IL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 27 units across three apartment buildings; Building 606 includes 6 units; Building 610 includes 6 units
More about this property
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