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    Springfield, IL Residential Income Properties for Sale

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    Chicago, IL Grandview, IL Southern View, IL
    35 results
    Mixed-Use Property with Income Potential
    $999,000
    3,200 SF

    Mixed-Use Property with Income Potential

    3613 N Old Buffalo Grove Road, Arlington Heights, IL 60004

    1.85 acres in Arlington Heights with residence, warehouse, cell tower.

    • Commercially zoned (C‑4) 1.85‑acre property.
    • Existing income‑producing cell tower lease generating approximately $4,599.94/month.
    • Detached 3,200 SF warehouse building suitable for storage, contractor use, or flex‑space.
    • Existing 2,771 SF residence with 5 bedrooms, 3 baths, basement, and attached garage.
    • Exceptional flexibility for investors, developers, owner‑users, or live/work scenarios.
    Updated: May 14
    View details
    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

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

    2510 & 2518 W JEFFERSON Street, Springfield, IL 62702
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    Westchester Mixed-Use Building For Sale
    $650,000
    0.11 Acres

    Westchester Mixed-Use Building For Sale

    Two-story mixed-use building with on-site parking in high-visibility location.

    10550 W Cermak Road, Westchester, IL 60154
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    Westchester Mixed-Use Building For Sale
    $650,000
    0.11 Acres

    Westchester Mixed-Use Building For Sale

    Two-story mixed-use building with on-site parking in prime location.

    10550 W Cermak Road, Westchester, IL 60154
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    Brick Ranch Duplex in Springfield
    $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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    Updated Duplex in Downtown Springfield
    $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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    Versatile Multifamily/Office Property in Springfield
    $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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    Springfield Multifamily Investment Opportunity
    $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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    Turnkey Duplex in Springfield, IL
    $99,900

    Turnkey Duplex in Springfield, IL

    Updated duplex with income potential and owner-occupant flexibility.

    1901 S SPRING Street, Springfield, IL 62704
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    Fully Occupied Springfield 4-Plex
    $240,000

    Fully Occupied Springfield 4-Plex

    Stable, cash-flowing investment property in central Springfield.

    821 S Pasfield Street, Springfield, IL 62704
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    Springfield Multifamily Investment Opportunity
    $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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    Springfield Duplex Near Medical Center
    $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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    Three Unit Investment Opportunity
    $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 Multi-Family Investment Opportunity
    $109,000

    Springfield Multi-Family Investment Opportunity

    Multi-family property with strong cash flow and long-term lease.

    2001 S SPRING Street, Springfield, IL 62704
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    Tenant-Occupied Springfield Multi-Family Property
    $49,000

    Tenant-Occupied Springfield Multi-Family Property

    Two-bedroom, one-bath multi-family property in Springfield, Illinois.

    1713 E GLENN Avenue, Springfield, IL 62703
    View details
    Updated Duplex Office Building
    $265,000
    0.19 Acres

    Updated Duplex Office Building

    High-visibility, well-maintained office building with residential rental potential.

    2824 S MACARTHUR Boulevard, Springfield, IL 62704
    View details
    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
    View details
    Springfield Duplex: Renovation Opportunity
    Contact for pricing

    Springfield Duplex: Renovation Opportunity

    Duplex in Springfield, IL, ideal for renovation and income generation.

    1935 S 5TH Street, Springfield, IL 62703
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    Springfield Multi-Family Investment Opportunity
    $36,000

    Springfield Multi-Family Investment Opportunity

    Tenant-occupied multi-family property near Lanphier High School in Springfield, IL.

    1412 N 15TH, Springfield, IL 62703
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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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    Duplex Lakefront Lot Opportunity
    $100,000

    Duplex Lakefront Lot Opportunity

    Desirable duplex lakefront lot in Rochester School District.

    329-331 Harbor Point Place, Springfield, IL 62712
    View details

    Springfield, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 72 residential income properties for sale in Springfield, IL, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 190,061 square feet of properties for sale, with an estimated market value of $9,178,800.

    Sale prices for residential income properties in Springfield, IL start at $135,000, averaging $1,529,800, and reaching up to $6,950,000 — 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

    Multifamily properties 27
    Duplexes 13
    Apartment buildings 8
    Single family properties 8
    Quadplexes 3

    Property Size Breakdown

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

    Demographics Overview

    Population 138K
    Population Growth (5Y) +1.9%
    Median Household Income $70,314
    College Educated 9.5%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    Springfield $204.7K
    Arlington Heights $7M

    Taxes & Financing

    Tax Rate (average for all types) 8.64%
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Springfield, IL

    • 62703
    • 62704
    • 62702
    • 60154
    • 60004
    • 62701
    • 62711
    • 62707
    • 62712
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