Springfield, IL Residential Income Properties for Sale

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Grandview, IL Southern View, IL Sherman, IL

26 properties

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Updated: Jul 2

Mixed-Use Mobile Home Park Property

3721 Wollesen Lane, Springfield, IL 62702

$250,000

1.58 AC lot

Mixed‑use B‑1 zoning with variance for a mobile home park
Vacant front commercial building: 24 x 48, previously rented for $1,300/mo
Three mobile homes included: rents $650/mo (3727 Wollesen), $750/mo (3721), and tenant‑owned (3725) with $220/mo lot rent
On‑site utilities and services: Ameren gas, CWLP water/electric, aeration septic
Roof includes shingle roofing; commercial roof was installed in 2010

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

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Mixed-Use Building with Elevator

115 & 117 N 6TH Street, Springfield, IL 62701

$549,900

Downtown Springfield mixed-use block offering storefronts, a fully occupied office suite, and three apartments with individual utilities.

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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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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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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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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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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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Brick Ranch Duplex in Springfield

80 CELESTE Court, Springfield, IL 62703

$294,900

3,200 sqft

Spacious duplex with garages, patios, and income potential.

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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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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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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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Four-Unit Residential Income Property

1501 & 1505 S 5TH Street, Springfield, IL 62730

$300,000

Two duplex buildings offer four rental units with the option to reconfigure back to office space.

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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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Springfield Multifamily Investment Opportunity

524 E Ridgely Avenue, Springfield, IL 62702

$250,000

Six-unit multifamily property near Lincoln Park, fully occupied.

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Springfield Mixed-Use Investment Property

212 W LAUREL Street, Springfield, IL 62704

$123,000

0.27 AC lot

Four-unit, fully rented property with retail potential in Springfield, IL.

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Duplexed Office Building Opportunity

2824 S MACARTHUR Boulevard, Springfield, IL 62704

$265,000

0.19 AC lot

Updated duplexed office building with parking for up to 13 and flexible space for office or residential use.

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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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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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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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Two Historic Springfield Office Buildings

424 S 5th St, Springfield, IL 62701

$400,000

130,621 sqft

Two-building office portfolio in Springfield's Capitol District.

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Live-Work Retail and Office

1509 S MACARTHUR Boulevard, Springfield, IL 62704

$115,000

A zoned R5B live-work setup with rear parking and a ready-to-operate storefront front room.

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Tenant-Occupied Springfield Multi-Family Property

1713 E GLENN Avenue, Springfield, IL 62703

$46,000

Two-bedroom, one-bath tenant-occupied property in Springfield, Illinois.

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Springfield Multi-Family Investment Opportunity

1412 N 15TH, Springfield, IL 62703

$33,000

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

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Springfield, IL Residential Income Properties Market Trends and Statistics

Explore 35 residential income properties for sale in Springfield, IL, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 135,821 square feet of properties for sale, with an estimated market value of $869,900.

Sale prices for residential income properties in Springfield, IL start at $175,000, averaging $289,966, and reaching up to $400,000 — 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
62703	$133.5K
62704	$165.9K
62712	$212.5K
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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