Springfield, IL Multifamily properties for sale

Six-Unit Apartment Building with Upgrades

$399,900

4,500 SF

Six-Unit Apartment Building with Upgrades

824 E Ridgely Avenue, Springfield, IL 62702

Updated six-unit apartment building with expansion potential in Springfield, IL.

Six renovated units in a 4,500 sq ft apartment building
Additional parcel included, with potential to rebuild another six‑unit structure
Significant recent upgrades: new roof and siding (2021)
Multiple new HVAC systems and water heaters
Minimal initial maintenance required

Updated: May 1

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Springfield Multifamily Investment Opportunity

$749,800

6.60 Acres

Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

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

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

Updated: Mar 4

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$184,900

Move-In Ready Duplex

Two identical units each offer two bedrooms and one full bath, with included appliances and recent interior updates.

1515-1517 N MARYLAND Avenue, Springfield, IL 62702

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$294,900

3,200 SF

Brick Ranch Duplex in Springfield

Spacious duplex with garages, patios, and income potential.

80 CELESTE Court, Springfield, IL 62703

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$250,000

Updated Duplex in Downtown Springfield

Two-unit property with modern updates and downtown convenience.

910 S 2ND Street, Springfield, IL 62704

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$300,000

Versatile Multifamily/Office Property in Springfield

Unique property near downtown Springfield, suitable for residential or commercial use.

1501 & 1505 S 5TH Street, Springfield, IL 62730

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$385,000

Springfield Multifamily Investment Opportunity

Six-unit complex with high occupancy and recent renovations.

629 W WASHINGTON Street, Springfield, IL 62702

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Income-Producing Duplex in Springfield, IL

$185,000

0.16 Acres

Income-Producing Duplex in Springfield, IL

Well-maintained duplex with strong tenant appeal and convenient location.

141 N DOUGLAS Avenue, Springfield, IL 62702

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$250,000

Springfield Multifamily Investment Opportunity

Six-unit multifamily property near Lincoln Park, fully occupied.

524 E Ridgely Avenue, Springfield, IL 62702

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$150,000

Springfield Duplex Near Medical Center

Income-generating duplex near Memorial Medical Center and SIU School of Medicine.

1038 N 1ST Street, Springfield, IL 62702

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$160,000

Three Unit Investment Opportunity

Affordable three-unit property in Springfield, Illinois, perfect for rental portfolio.

817 E Stanford Avenue, Springfield, IL 62704

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Two Historic Springfield Office Buildings

$400,000

130,621 SF

Two Historic Springfield Office Buildings

Two-building office portfolio in Springfield's Capitol District.

424 S 5th St, Springfield, IL 62701

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Springfield Mixed-Use Investment Property

$123,000

0.27 Acres

Springfield Mixed-Use Investment Property

Four-unit, fully rented property with retail potential in Springfield, IL.

212 W LAUREL Street, Springfield, IL 62704

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Historic Ridgely Building Redevelopment Opportunity

Contact for pricing

57,185 SF

Historic Ridgely Building Redevelopment Opportunity

Twelve-story building suitable for office, retail, or multifamily redevelopment.

500 E Monroe St, Springfield, IL 62701

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$100,000

Duplex Lakefront Lot Opportunity

Desirable duplex lakefront lot in Rochester School District.

329-331 Harbor Point Place, Springfield, IL 62712

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$186,500

Springfield Duplex with Rental History

Duplex in Springfield with excellent rental history and tenants.

1137 N PARK Avenue, Springfield, IL 62702

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$135,000

840 SF

Two Houses on One Property

Two houses on one property, ideal for investors or multi-generational.

3324 S 2ND Street, Springfield, IL 62703

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$142,500

Like New Springfield Duplex

Recently renovated duplex with new roof, plumbing, and electrical.

318 S STATE Street, Springfield, IL 62704

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$160,000

Springfield Multifamily Investment Opportunity

Six-unit, all-brick apartment building in Springfield, Illinois.

1546 E CORNELL Street, Springfield, IL 62703

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Historic Springfield Mixed-Use Restoration Opportunity

$49,900

0.28 Acres

Historic Springfield Mixed-Use Restoration Opportunity

Historic mixed-use property near Lincoln's Home needing full restoration.

703 S 8TH Street, Springfield, IL 62703

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$72,000

0.29 Acres

Springfield, IL Land For Sale

Residential land available in Springfield, Illinois.

4614 Boone Drive, Springfield, IL 62711

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$72,000

Springfield, IL Land For Sale

Duplex property for sale in Springfield, Illinois.

4610 Boone Drive, Springfield, IL 62711

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$1,500,000

0.23 Acres

Westchester, IL Commercial Property

Commercial property for sale in Westchester, Illinois.

2150 S Mannheim Road, Westchester, IL 60154

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$192,000

Arlington Heights Condo with Amenities

Well-maintained 2 bed, 2 bath condo with modern amenities.

2622 N Windsor Drive #101, Arlington Heights, IL 60004

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Springfield, IL Multifamily Properties Investment Opportunities Market Analysis

Explore 72 multifamily properties for sale in Springfield, IL, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 139,161 square feet of properties for sale, with an estimated market value of $1,229,800.

Sale prices for multifamily properties in Springfield, IL start at $135,000, averaging $307,450, and reaching up to $400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
62711	$72K
62712	$100K
62704	$158.4K
62703	$160K
62701	$200K

Neighborhood

Average Price

62711

$72K

62712

$100K

62704

$158.4K

62703

$160K

62701

$200K

Springfield, IL Multifamily Properties for Sale

Six-Unit Apartment Building with Upgrades

Updated six-unit apartment building with expansion potential in Springfield, IL.