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    Property profile & analytics

    3609 Iles Ave Springfield, IL 62711

    • Residential income homes
    For Sale
    View listing
    $2,506,600
    Value Estimation
    Location Intelligence
    Property ID
    US28-3055899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 3609 Iles Ave

    Property type
    Residential income homes

    Description

    This exceptional portfolio comprises six meticulously maintained single-family homes situated across desirable Illinois neighborhoods: Springfield, Elk Grove Village, Collinsville, Bloomingdale, Joliet, and Decatur. The properties boast a combined NOI of $175,462, representing a compelling 7.00% capitalization rate on an asking price of $2,506,600. Each home is move-in ready, featuring spacious layouts with upgraded kitchens and bathrooms. Many include finished basements, fireplaces, and private outdoor spaces. Recent improvements across the portfolio include new roofs, fresh paint, updated flooring, and remodeled kitchens and baths, minimizing maintenance needs and maximizing rental income. The properties exhibit excellent curb appeal, with well-maintained yards and outdoor amenities. This turnkey portfolio presents a rare opportunity for investors seeking a high-yield, low-maintenance investment in the Illinois real estate market. The portfolio's diverse geographic locations across multiple counties (Sangamon, Cook, Madison, DuPage, Will, and Macon) offer diversification and resilience. This is an ideal investment for those seeking immediate cash flow and long-term appreciation potential. The properties are located at 3609 W Iles Ave, Springfield, IL 62711

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.721315
    Latitude
    39.7712126

    Comparable in this City

    • $72,000
      0.29 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, build-ready in growing community.
      4622 Boone Dr, Springfield, IL 62711
      View Details
    • $74,000
      0.31 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, build-ready in a growing community.
      4626 Boone Dr, Springfield, IL 62711
      View Details
    • $72,000

      Corner Duplex Lot in Springfield

      Build-ready duplex lot in a growing Springfield community.
      4610 Tess Dr, Springfield, IL 62711
      View Details
    • $72,000
      0.29 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, Springfield, build-ready in a growing community.
      4619 Boone Dr, Springfield, IL 62711
      View Details
    • $72,000

      Duplex Lot in Sloan Crossing

      Build-ready duplex lot in a growing Springfield community.
      4614 Tess Dr, Springfield, IL 62711
      View Details
    • $72,000
      0.29 Acres

      Duplex Lot in Sloan Crossing

      Build-ready duplex lot in a growing Springfield community.
      4618 Tess Dr, Springfield, IL 62711
      View Details

    Similar Nearby for Sale

    • $72,000
      0.29 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, build-ready in growing community.
      4622 Boone Dr, Springfield, IL 62711
      View Details
    • $72,000
      0.29 Acres

      Duplex Lot in Sloan Crossing

      Build-ready duplex lot in a growing Springfield community.
      4618 Tess Dr, Springfield, IL 62711
      View Details
    • $72,000
      0.29 Acres

      Springfield Duplex Lot in Sloan

      Build-ready duplex lot in a growing Springfield community.
      4615 Tess Dr, Springfield, IL 62711
      View Details
    • $74,000
      0.31 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, build-ready in a growing community.
      4626 Boone Dr, Springfield, IL 62711
      View Details
    • $72,000

      Corner Duplex Lot in Springfield

      Build-ready duplex lot in a growing Springfield community.
      4610 Tess Dr, Springfield, IL 62711
      View Details
    • $72,000
      0.29 Acres

      Build-Ready Duplex Lot

      Duplex lot in Sloan Crossing, Springfield, build-ready in a growing community.
      4619 Boone Dr, Springfield, IL 62711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,378 SF

      Springfield Retail with Drive-Thru Access

      Retail location with drive-thru access, coolers, and hoods in place.
      3013 Lindbergh Blvd, Springfield, IL 62711
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    • Contact for pricing
      3,200 SF

      Former Pet Daycare with Kennels

      3,200 SF commercial space with kennels on 1.23 acres.
      3401 Gateway Dr, Springfield, IL 62711
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    • Contact for pricing
      10,378 SF

      Springfield Retail Space Available

      Retail space in Springfield, IL, formerly overflow storage.
      3013 Lindbergh Blvd, Springfield, IL 62711
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    • Contact for pricing
      1,266 SF

      Prime Retail Space Available

      Adaptable storefront space with ample parking in strategic location.
      3211-3271 W Iles Ave, Springfield, IL 62711
      View Details
    • $8 SF/Yr
      6,000 SF

      Heated Warehouse Space Available

      6,000 SF heated warehouse with office space for lease.
      6100 S 2Nd St, Springfield, IL 62711
      View Details
    • Contact for pricing
      14,000 SF

      Furnished Office Space Available

      Furnished office space for rent in Springfield, Illinois.
      3243 Meadowbrook Rd, Springfield, IL 62711
      View Details
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    3609 Iles Ave
    Springfield, IL 62711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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