Quadplex

Springfield, IL Quadplexes for Sale

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Grandview, IL Southern View, IL Sherman, IL Riverton, IL Rochester, IL Chatham, IL Cantrall, IL Decatur, IL
Remodeled 4-Unit Apartment Building
Updated: Jul 9
Remodeled 4-Unit Apartment Building

913 S 8TH Street, Springfield, IL 62703

$219,000
4‑unit apartment building built in 1891
All four units remodeled, including new flooring, tile, cabinets, light fixtures, and fresh paint
Unit mix: one efficiency, two 1‑bedroom units, and one 2‑bedroom unit
Each unit updated with a new stove and refrigerator
Heating includes hot water (heating) with natural gas; roof is shingle and exterior is aluminum siding
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Six-Unit Residential Income Building
Updated: May 11
Six-Unit Residential Income Building

524 E Ridgely Avenue, Springfield, IL 62702

$250,000
6‑unit rental property: one 4‑plex and one duplex, all fully occupied
Total gross monthly income of $3,850
New roof layover installed August 2024
New siding on the 4‑plex
Heating: forced air; cooling: central air
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Multi-Parcel Residential and Parking Portfolio
Multi-Parcel Residential and Parking Portfolio

517 E Monroe Street # 519, Metamora, IL 61548

$700,000
1,925 sqft

Package includes multi-unit residential buildings and a pay-to-park lot with 49 income-producing spaces.

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Small Multi-Unit Income Property
Small Multi-Unit Income Property

418 N SPRING Street, Metamora, IL 61548

Contact for pricing
0.93 AC lot

Package includes a pay-to-park lot with 49 spaces and three multi-unit buildings totaling eight units.

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Four-Unit Mixed-Use Building
Four-Unit Mixed-Use Building

220 & 222 Meadow Avenue, East Peoria, IL 61611

$280,000
5,500 sqft

Mixed-use property with four residential apartment units and commercial space, for sale in East Peoria.

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Mixed-Use Income Building
Mixed-Use Income Building

220 & 222 MEADOW Avenue, East Peoria, IL 61611

$280,000

Mixed-use building with commercial space and four residential apartment units in East Peoria, zoned B2.

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Springfield, IL Quadplexes Market Trends and Statistics

Explore 2 quadplexes for sale in Springfield, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $469,000.

Sale prices for four-unit buildings in Springfield, IL start at $219,000, averaging $234,500, and reaching up to $250,000 — 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

Duplexes 11
Apartment buildings 6
Mobile home & RV parks 3
Quadplexes 2
Small apartment buildings 1

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 $123K
62712 $325K

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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