Sangamon County, IL Multifamily properties for sale

Renovated Multifamily Asset in Springfield

$965,000

14,000 SF

Renovated Multifamily Asset in Springfield

1025 S 5Th St, Springfield, IL 62703

19-unit multifamily property with renovated units and value-add potential.

Prime location next to Springfield Clinic Main Campus, a major demand driver.
19 renovated 1 bed 1 bath units (updated 2022‑2023).
New roof being installed on the north building.
Value‑add opportunity: Vacant 800 SF office space with 2 bathrooms for potential rental income.
Most HVAC refurbished or replaced in the last 18 months.

Updated: Feb 24

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$680,000

Furnished Historic Apartment Building Investment

520 S Grand Ave, Springfield, IL 62703

Well-maintained, fully furnished 12-unit building in Springfield, Illinois.

Listed under appraised value, presenting an immediate investment advantage.
Turnkey operation with 12 fully furnished 1‑bedroom units, ready for tenants or short‑term rentals.
Recent upgrades in select units (2025) including new furnishings, modern cabinetry, updated appliances, and refreshed bathrooms.
Historic brick building with newer windows and roof (circa 2016) ensuring durability and energy efficiency.
Reliable boiler system for consistent heat and individual window A/C units for year‑round comfort.

Updated: Feb 24

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$499,000

Multi-Family Investment Opportunity in Dawson

Nine-unit apartment building and two mobile home lots for sale.

102 Elm St, Dawson, IL 62520

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$849,900

Well-Maintained Apartment Complex Investment

Turnkey 12-unit apartment complex in excellent location.

2309 W Lawrence Ave, Springfield, IL 62704

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$680,000

Furnished Historic Apartment Building

Turnkey investment opportunity with 12 furnished units in Springfield.

520 S Grand Ave, Springfield, IL 62703

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Well-Maintained Multi-Family Riverton Property

Pending

$575,000

Well-Maintained Multi-Family Riverton Property

10 units, including 8-plex and garage with apartments.

555 Madison St, Riverton, IL 62561

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$575,000

Riverton Multifamily Investment Opportunity

Well-maintained 10-unit multifamily property in Riverton, Illinois.

555 Madison St, Riverton, IL 62561

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Springfield Multifamily Investment Opportunity

Pending

$599,900

0.48 Acres

Springfield Multifamily Investment Opportunity

Well-maintained 8-unit apartment complex near Medical District.

2875 Taylor Ave, Springfield, IL 62703

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Springfield Multifamily Property For Sale

Pending

$425,000

Springfield Multifamily Property For Sale

Four-unit multifamily property with updated interiors and detached garages.

1736-1740 S Park Ave, Springfield, IL 62704

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$259,900

Two Homes, One Riverton Parcel

Two single-family homes on one lot, great investment opportunity.

600 Piza St, Riverton, IL 62561

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Springfield Multifamily Property with Income

Pending

$94,900

1,345 SF

Springfield Multifamily Property with Income

Multifamily property in Springfield, IL with excellent cash flow.

2700 S State St, Springfield, IL 62704

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$575,000

Riverton, IL Commercial Property

Commercial property for sale in Riverton, Illinois, 62561.

555 Madison St, Riverton, IL 62561

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Springfield Commercial Property with Apartments

Pending

$325,000

Springfield Commercial Property with Apartments

Commercial building with office suites and apartments in central location.

983 Clock Tower Dr, Springfield, IL 62704

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Pending

$399,000

Springfield Multifamily Investment Opportunity

Six-unit apartment building near downtown Springfield.

102 W Scarritt St, Springfield, IL 62704

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Historic Springfield Mixed-Use Restoration Opportunity

$89,500

0.28 Acres

Historic Springfield Mixed-Use Restoration Opportunity

Historic 3-story building near Lincoln's Home, ideal for restoration.

703 S 8Th St, Springfield, IL 62703

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$99,900

Springfield Duplex Near Medical District

Move-in ready duplex in Springfield, ideal for investment.

1224 N Rutledge St, Springfield, IL 62702

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Pending

$139,751

Turnkey Duplex Investment Opportunity

Fully furnished duplex operating as a high-performing short-term rental.

615 S English Ave, Springfield, IL 62704

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Springfield Duplex with Recent Renovations

Pending

$150,000

Springfield Duplex with Recent Renovations

Renovated duplex in Springfield with new roof and updated systems.

318 S State St, Springfield, IL 62704

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$419,900

Chatham, IL Four-Unit Investment

Four-unit property in Chatham, Illinois with long-term tenants.

26/28/30/32 Cir Dr, Chatham, IL 62629

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Historic Multifamily Building in Springfield

Pending

$399,000

1.80 Acres

Historic Multifamily Building in Springfield

15,000 sqft historic building with 26 studio units.

541 E Black Ave, Springfield, IL 61702

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Pending

$55,000

Springfield Two-Unit Income Property

Two-unit property near downtown Springfield, ideal for investors or owner-occupants.

1510 S 6Th St, Springfield, IL 62703

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Pending

$225,000

Income-Producing Duplex Near Downtown

Well-maintained duplex near downtown Springfield, ideal for investors or owner-occupants.

811 W Governor St, Springfield, IL 62704

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Pending

$80,000

Springfield Duplex with Cash Flow

Maintenance-free duplex in Springfield, Illinois with recent updates.

830 W Jefferson St, Springfield, IL 62702

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$179,900

Well-Maintained Springfield Multi-Family Complex

Two-unit complex with modern amenities and shared outdoor space.

1211 W Lawrence St, Springfield, IL 62704

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Sangamon County, IL Multifamily Properties Investment Opportunities Market Analysis

Explore 42 multifamily properties for sale in Sangamon County, IL, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 263,046 square feet of properties for sale, with an estimated market value of $1,677,300.

Sale prices for multifamily properties in Sangamon County, IL start at $72,000, averaging $239,614, and reaching up to $599,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Sangamon County, IL Multifamily Properties for Sale

Renovated Multifamily Asset in Springfield

19-unit multifamily property with renovated units and value-add potential.

Furnished Historic Apartment Building Investment

Well-maintained, fully furnished 12-unit building in Springfield, Illinois.

Multi-Family Investment Opportunity in Dawson