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Springfield, IL Other Residential Income Properties for Sale

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Northbrook
Updated: Jan 4, 2025
Northbrook

3430 N Peoria Road, Springfield, IL 62707

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924 sqft
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Renovated Mixed-Use Building
Updated: Apr 10
Renovated Mixed-Use Building

109 S 5th St, Springfield, IL 62701

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Renovated mixed‑use building across 5 on Old Capitol Square
Street & lower level is occupied by fine dining restaurant Augie’s Front Burner
Floors 2 & 3 feature a renovated 3‑bedroom apartment with about 3,000 SF
Apartment includes a living room view of Old Capitol Square
Ample parking on site
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Residential Income Property with Rooftop Deck
Residential Income Property with Rooftop Deck

736 Sw Washington Street Unit #2E, Peoria, IL 61602

$408,000
1,493 sqft

Historic downtown loft with open living space, modern kitchen finishes, in-unit laundry, and secure building access.

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Mixed-Use Building with Commercial Kitchen
Mixed-Use Building with Commercial Kitchen

325 W Adams Rd, Macomb, IL 61455

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Main-floor commercial space is paired with two unfinished apartments above.

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Residential Income Property
Residential Income Property

123 & 125 SW Jefferson Avenue, Peoria, IL 61602

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Residential units include designated underground parking and available garage storage spaces.

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Mixed-Use Building with Offices
Mixed-Use Building with Offices

123 S MCARTHUR Street, Macomb, IL 61455

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Office space and upstairs apartments combine commercial operations with residential income potential.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Land in Springfield, IL
Residential Land in Springfield, IL

2929 Tanner Drive, Springfield, IL 62702

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Buildable lot in Manchester Woods Subdivision, Springfield, IL.

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Residential Land Parcel in Springfield
Residential Land Parcel in Springfield

2102 W JEFFERSON Street, Springfield, IL 62702

$135,000

5.47 acre residential land parcel with commercial potential.

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Residential Land Near Bunn Golf
Residential Land Near Bunn Golf

Bunn Drive lot: 1 & 2, Springfield, IL 62703

$49,900
4.40 AC lot

4.4 acres of residential land in Woodside Township.

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Residential Lot Near Golf Course
Residential Lot Near Golf Course

1215 GOLF CREST Court, Sherman, IL 62684

$35,000
1.20 AC lot

1.2-acre residential lot in Rail Estates, Sherman, Illinois.

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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.

702 8Th St
Land

702 8Th St, Springfield, IL 62703

Value Estimation by Request
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Springfield, IL Other Residential Income Properties Market Trends and Statistics

Explore 3 other residential income properties for sale in Springfield, IL on our real estate platform. These investment opportunities span a total of 924 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Multifamily properties 45
Apartment buildings 17
Duplexes 15
Mobile home & RV parks 6
Quadplexes 3

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
Arlington Heights - 60004 $7M

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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