Springfield, IL Multifamily Properties for Sale

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Grandview, IL Southern View, IL Sherman, IL Riverton, IL Rochester, IL Chatham, IL Cantrall, IL Decatur, IL

21 properties

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Updated: Jul 2

Mixed-Use Mobile Home Park

3721 Wollesen Lane, Springfield, IL 62702

$250,000

1.58 AC lot

Mixed‑use zoned B‑1 with variance for mobile home park
Vacant commercial building at front (24 x 48), previously rented for $1,300/mo
Three mobile homes: seller‑owned at 3727 Wollesen ($650/mo) and 3721 ($750/mo), plus tenant‑owned 3725 with $220/mo lot rent
Roof reported as 2010; stick‑built structure on slab; vinyl siding
Utilities: Ameren gas; CWLP water/electric; aeration septic

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Updated: Mar 4

Springfield Multifamily Investment Opportunity

2510 & 2518 W JEFFERSON Street, Springfield, IL 62702

$749,800

6.60 AC lot

Fully occupied 10‑unit multifamily property on 6.5 acres in Springfield High School District
Two 5‑unit buildings at 2510 & 2518 W Jefferson; total monthly income $7,965
Central air cooling and natural gas/other heating with baseboard; shingle roof
Tenants pay electric and gas; owner pays water, sewer, trash, and mowing
R3 County zoning with creek, wooded areas, and a gazebo

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Mobile Home Park with Vacant Building

3721 Wollesen Lane, Springfield, IL 62702

$250,000

1.58 AC lot

B-1 mixed-use property with a variance mobile home park, including three rental units and a vacant front commercial building.

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Mixed-Use Retail and Residential Property

9865-9869 W Roosevelt Rd, Westchester, IL 60154

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35,870 sqft

Ground-floor storefronts with upper-level residential units offer diversified space for service and living tenants.

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Tri-Plex With Detached Garage

1520 N 4TH Street, Springfield, IL 62702

$185,000

Three rental units offer flexible living arrangements, including a 3-bedroom main residence and additional 1-bedroom and efficiency units.

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Duplex with Detached Garage

843 S GLENWOOD Avenue, Springfield, IL 62704

$179,000

Two units with 2 bedrooms and 1 full bath each, plus a detached garage for off-street parking and storage.

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Six-Unit Apartment Building

824 E Ridgely Avenue, Springfield, IL 62702

$379,900

Renovated six-unit apartment building with recent roof and siding updates, plus an adjacent rebuild parcel included.

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Fully Leased Springfield Duplex

1038 W MAPLE Avenue, Springfield, IL 62704

$175,000

2,000 sqft

Investment opportunity: fully leased duplex with two-bedroom units.

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Brick Ranch Duplex in Springfield

80 CELESTE Court, Springfield, IL 62703

$294,900

Spacious duplex with garages, patios, and income potential.

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Springfield Multifamily Investment Opportunity

629 W WASHINGTON Street, Springfield, IL 62702

$385,000

Six-unit complex with high occupancy and recent renovations.

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Six-Unit Residential Income Building

524 E Ridgely Avenue, Springfield, IL 62702

$250,000

Two buildings—a 4-plex and a duplex—are fully occupied with tenant-paid utilities.

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Side-by-Side Duplex with Attached Garages

141 N DOUGLAS Avenue, Springfield, IL 62702

$185,000

0.16 AC lot

Two 2-bedroom units with in-unit laundry hookups and private attached garages, with owner-paid water and sewer.

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Remodeled 4-Unit Apartment Building

913 S 8TH Street, Springfield, IL 62703

$219,000

Four remodeled units include an efficiency, two 1-bedrooms, and one 2-bedroom with off-street and street parking.

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Move-In Ready Duplex With Updated Units

1515-1517 N MARYLAND Avenue, Springfield, IL 62702

$179,500

A Springfield duplex with two-bedroom, one-bath layouts on each side and included appliances for turnkey occupancy.

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Springfield Multifamily Investment Opportunity

1546 E CORNELL Street, Springfield, IL 62703

$160,000

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

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All-Brick Duplex with Garage Parking

1428 Lowell Avenue, Springfield, IL 62704

$280,000

All-brick duplex offers garage parking, renovated upper unit updates, and unit-dedicated washers and dryers included.

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Renovated Duplex for Sale

318 S STATE Street, Springfield, IL 62704

$142,500

Renovations include a new 50-year roof, updated systems, and refreshed interiors, with limited showings available for unit 2.

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Duplex Lakefront Lot Opportunity

329-331 Harbor Point Place, Springfield, IL 62712

$100,000

Desirable duplex lakefront lot in Rochester School District.

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All-Brick Side-by-Side Duplex

1050 W FAYETTE Avenue, Springfield, IL 62704

$175,000

Two side-by-side units with unfinished basements and month-to-month tenants, requiring repairs and updates.

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Updated Side-by-Side Duplex

1233-35 N 8TH Street, Springfield, IL 62702

$139,900

Side-by-side duplex with recent interior and exterior upgrades, offering well-maintained income potential and tenant-ready units.

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Turnkey Duplex Investment

2112-2114 Westchester Boulevard, Springfield, IL 62704

$280,000

Turnkey duplex with two 2-bedroom, 2-bath units and a roof replacement completed in 2020.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Springfield, IL, we suggest to view alternatives - similar 2 Off-Market properties to explore as potential leads.

Off-Market Properties in Springfield, IL

Consider similar Off-Market properties in Springfield, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

3609 Iles Ave, Springfield, IL 62711

Value Estimation by Request

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Multifamily properties

2305-2309 Cherry Hills Dr, Springfield, IL 62704

Value Estimation by Request

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Springfield, IL Multifamily Properties Market Trends and Statistics

Explore 23 multifamily properties for sale in Springfield, IL, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 2,000 square feet of properties for sale, with an estimated market value of $175,000.

Sale prices for multifamily properties in Springfield, IL start at $175,000, averaging $175,000, and reaching up to $175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 138K

Population Growth (5Y) +1.9%

Median Household Income $70,314

College Educated 9.5%

High-Yield Neighborhoods for Investment

Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62704	$153.9K
62712	$212.5K
62703	$227.5K
62702	$291.9K
62701	$316.6K

Taxes & Financing

Tax Rate (average for all types) 8.64%

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sangamon County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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