Springfield, IL Multifamily properties for sale

Springfield Multifamily Investment Opportunity

$799,800

6.60 Acres

Springfield Multifamily Investment Opportunity

2510 W Jefferson St, Springfield, IL 62702

Fully occupied 10-unit property on 6.5 acres with development potential.

Fully occupied 10‑unit property generating $7,965 in monthly income
Significant development potential on 6.5 acres with R3 zoning
Located in the desirable Springfield High School District
Opportunity to rebuild an additional multi‑unit structure (duplex previously existed)
Tenants pay for electric and gas, reducing owner expenses

Updated: Mar 5

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Renovated Multifamily Asset in Springfield

Pending

$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: Mar 6

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$680,000

Furnished Historic Apartment Building Investment

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

520 S Grand Ave, Springfield, IL 62703

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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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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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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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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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$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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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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Pending

$98,500

Springfield Duplex with New Roof

Maintenance-free duplex with new roof and boiler for sale.

1129 S Spring St, Springfield, IL 62703

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$87,000

Springfield Triplex in Lincoln Park

Triplex in Lincoln Park area, ideal for multifamily investment.

1453 N 3Rd St, Springfield, IL 62702

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Pending

$68,000

Income Opportunity Near Lanphier High

Multifamily property near Lanphier High School in Springfield, Illinois.

1205 Converse Ave, Springfield, IL 62702

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$129,900

Triplex Investment Opportunity in Springfield

Triplex in Harvard Park with income potential.

2339 S 10Th St, Springfield, IL 62703

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Pending

$225,000

Income-Producing Four-Unit Property

Four-unit property in Grandview, IL with immediate rental income.

2173 N Grand Ave, Springfield, IL 62702

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Investment Opportunity: Apartment Buildings and House

Pending

$89,000

2.73 Acres

Investment Opportunity: Apartment Buildings and House

Two apartment buildings (11 units) and a house needing renovation.

3011 Niccolls Rd, Springfield, IL 62703

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Springfield, IL Multifamily Properties Investment Opportunities Market Analysis

Explore 361 multifamily properties for sale in Springfield, IL, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 2,086,520 square feet of properties for sale, with an estimated market value of $96,527,100.

Sale prices for multifamily properties in Springfield, IL start at $72,000, averaging $489,985, and reaching up to $3,855,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Springfield, IL Multifamily Properties for Sale

Springfield Multifamily Investment Opportunity

Fully occupied 10-unit property on 6.5 acres with development potential.

Renovated Multifamily Asset in Springfield

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

Furnished Historic Apartment Building Investment