38

Investment - Homes for Sale in Springfield, IL

Section Image Section Image
  • /30

    $870,000

    • 8 Beds
    • 10,800 Sq Ft

    2309 W Lawrence Ave, Springfield, IL 62704

    Well-Maintained 12-Unit Apartment Complex – Excellent Westside Location!This all-brick, 12-unit apartment complex features two buildings, each with 6 spacious units, close to restaurants, offices, and shopping.The property has been well cared for and thoughtfully updated over the years. Recent improvements include:Several new HVAC systems.New flooring and fresh paint in turnover units.Updated

    Agent Photo

    JULIE DAVIS

    The Real Estate Group, Inc.

    (217) 627-6905

    2309 W Lawrence Ave, Springfield, IL 62704
  • /4

    $85,000

    • Land
    • 0 Acre

    4623 August Ct, Springfield, IL 62711

    If you're looking for the best possible build site in a super desirable subdivision, you've found it! Whether you're ready to build tomorrow or in 5 years this is a solid investment opportunity for a custom build home or a spec home. This lot is one of the larger lots in Sloan Estates, sits at the end of a cul-de-sac and offers beautiful sunset views. Located less than 15 minutes from nearly

    Agent Photo

    Jim Fulgenzi

    RE/MAX Professionals

    (217) 669-3085

    4623 August Ct, Springfield, IL 62711
  • /13

    $129,900

    • 3 Beds
    • 1 Bath
    • 1,272 Sq Ft

    539 W Canedy St, Springfield, IL 62704

    Perfect first time home or investment property. Currently occupied, this 3 bed 1 bath home features many updates. Including replacement windows, Tiled bathroom, electrical, plumbing and Vinyl plank flooring upstairs. Great location, close to washington park area. Deep lot with a great 2.5 car garage that could be used as workshop. Lots of options here, Don't miss your chance to see it today!

    Agent Photo

    Diane Tinsley

    The Real Estate Group, Inc.

    (217) 773-5125

    539 W Canedy St, Springfield, IL 62704
  • /15

    $90,000

    • 4 Beds
    • 1,570 Sq Ft

    1453 N 3rd St, Springfield, IL 62702

    Investor Alert! Tri-plex located in the beautiful Lincoln Park area. Currently vacant and fully functional, could be a great multi family investment. Selling as-is

    Agent Photo

    Diane Tinsley

    The Real Estate Group, Inc.

    (217) 712-3849

    1453 N 3rd St, Springfield, IL 62702
  • /2

    $75,000

    • 3 Beds
    • 1 Bath
    • 1,125 Sq Ft

    2313 S 13th St, Springfield, IL 62703

    Solid three-bedroom, one-bath brick home available in Springfield, IL. This property offers a strong foundation for either an investment or an affordable owner-occupied residence. With its durable brick exterior and practical floor plan, this home is low-maintenance and tenant-friendly. Inside, you’ll find three spacious bedrooms, a full bath, and comfortable living areas. The property also

    Rick Wiese Wiese Properties Powered By Keller Williams

    2313 S 13th St, Springfield, IL 62703
  • /2

    $75,000

    • 3 Beds
    • 1 Bath
    • 944 Sq Ft

    2128 E Capitol Ave, Springfield, IL 62703

    This residential property offers strong investment potential with consistent rental income and long-term value growth. Well-suited for both new and experienced investors, the property is located in a desirable area with steady rental demand. Features include: Functional floor plan with low-maintenance finishes Strong rental history with reliable occupancy Convenient location near schools,

    Rick Wiese Wiese Properties Powered By Keller Williams

    2128 E Capitol Ave, Springfield, IL 62703
  • /2

    $75,000

    • 3 Beds
    • 2 Baths
    • 1,400 Sq Ft

    820 N 8th St, Springfield, IL 62702

    Investment Opportunity!!!! Charming Home in Enos Park – Close to Hospitals & Downtown Welcome to 820 North 8th Street, a well-kept home located in the historic Enos Park neighborhood, just minutes from Springfield’s medical district and downtown amenities. This residence offers both comfort and convenience, making it an excellent choice for professionals, students, or families looking for a

    Rick Wiese Wiese Properties Powered By Keller Williams

    820 N 8th St, Springfield, IL 62702
  • /25

    $97,000

    • 4 Beds
    • 1,900 Sq Ft

    1205 E Converse St, Springfield, IL 62702

    Looking for an investment of living in the main home and renting the other space. This home offers a unique opportunity of a large spacious home with plenty of potential and an apartment that can continue to be rented or turn into a mother-in-law space. This home features a large living room space with a fireplace and a dining room space that could be converted into more living room area. Contact

    Wes Peterson Keller Williams Capital

    1205 E Converse St, Springfield, IL 62702
  • /2

    $5,000

    • 2 Beds
    • 1 Bath

    3617 N Grand Ave E Unit 126, Springfield, IL 62703

    SCORE A $1,500 GIFT CARD! BUY A HOME: Get a $1,500 Gift Card! Contact our office now to claim this limited-time offer! *Restrictions apply. Offer expires 9/30/25.*Check out this amazing deal! While this home needs a little TLC, it is worth the investment. Call our office to check out this 2 / 1 DIY home with 684 of space. The possibilities are endless! For more information, contact one of our

    Lei Fox Cottonwood Cove

    3617 N Grand Ave E Unit 126, Springfield, IL 62703
  • /9

    $51,900

    • 3 Beds
    • 1 Bath
    • 1,297 Sq Ft

    1202 S 4th St, Springfield, IL 62703

    Centrally located and occupied by a long-term tenant, this property would make a great addition to your investment portfolio. Currently rented for $675. Please plan on 24 hour notice when looking to show/see.

    TRACIE TAYLOR RE/MAX Professionals

    1202 S 4th St, Springfield, IL 62703
  • /31

    $159,900

    • 3 Beds
    • 2.5 Baths
    • 2,311 Sq Ft

    519 W Herndon St, Springfield, IL 62702

    Located just steps from Memorial Hospital in Springfield’s highly sought-after medical district, this spacious 3 bed, 2.5 bath duplex unit is a rare find! With an attached garage, finished basement, and a fully equipped Olympic-style gym is negotiable, this property offers exceptional value and flexibility. Seller $5,000.00 concession contingent on an acceptable offer before September 1st, 2025.

    JAMI WINCHESTER The Real Estate Group, Inc.

    519 W Herndon St, Springfield, IL 62702
  • /30

    $450,000

    1001 S 1st St, Springfield, IL 62704

    Calling all investors. This fully occupied multi-family offers an opportunity for its new owner to relax! The work has been done. NEW roof and 2 new hvac systems are in place. All units are occupied with great tenants, with upgrades throughout, rendering this investment automatic income. Schedule your tour today! All showings require pre-approvals for scheduling. Please email LA

    Pamela Brown Baird & Warner

    1001 S 1st St, Springfield, IL 62704
  • /2

    $18,000

    • Land
    • 0 Acre

    1920 S 19th St, Springfield, IL 62703

    Rare opportunity to own three adjacent lots—each measuring 40 ft x 200 ft. These generously sized parcels offer nearly 0.55 acres combined, perfect for residential development, investment, or custom building. This is your chance to secure valuable land in a growing community. Don't miss out!

    Deontrae Butler Keller Williams Capital

    1920 S 19th St, Springfield, IL 62703
  • /36

    $198,500

    • 9 Beds
    • 2,260 Sq Ft

    400 E Laurel St, Springfield, IL 62703

    INVESTMENT OPPORTUNITY! Up and down duplex. Upper unit 5BR 2BA $1300 monthly rent. Lower unit 4BR 2BA $1300 monthly rent. Tenant pays all utilities except trash. Four car garage can be rented for $300 per month.

    Debra Sarsany The Real Estate Group, Inc.

    400 E Laurel St, Springfield, IL 62703
  • /18

    $72,000

    • Land

    4614 Tess Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4614 Tess Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4623 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4623 Boone Dr, Springfield, IL 62711
  • /18

    $74,000

    • Land
    • 0.31 Acre
    • $238,710 per Acre

    4627 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4627 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4618 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4618 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.3 Acre
    • $240,000 per Acre

    4611 Boone Dr, Springfield, IL 62711

    This completely build-ready, duplex corner lot is in the exciting Sloan Crossing on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient access to west-end amenities while maintaining a quiet, residential setting on the outskirts of town. Zoned for attached single-family use, this lot presents a

    Kyle Killebrew The Real Estate Group, Inc.

    4611 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4619 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4619 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.32 Acre
    • $225,000 per Acre

    4611 Tess Dr, Springfield, IL 62711

    This awesome corner duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached

    Kyle Killebrew The Real Estate Group, Inc.

    4611 Tess Dr, Springfield, IL 62711
  • /18

    $74,000

    • Land
    • 0.31 Acre
    • $238,710 per Acre

    4627 Tess Dr, Springfield, IL 62711

    This awesome duplex lot is in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4627 Tess Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land

    4610 Tess Dr, Springfield, IL 62711

    This awesome corner duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached

    Kyle Killebrew The Real Estate Group, Inc.

    4610 Tess Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4622 Tess Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4622 Tess Dr, Springfield, IL 62711
  • /18

    $74,000

    • Land
    • 0.31 Acre
    • $238,710 per Acre

    4626 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4626 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4618 Tess Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4618 Tess Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4623 Tess Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4623 Tess Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4622 Boone Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4622 Boone Dr, Springfield, IL 62711
  • /18

    $72,000

    • Land
    • 0.29 Acre
    • $248,276 per Acre

    4615 Tess Dr, Springfield, IL 62711

    This awesome duplex lot in the exciting Sloan Crossing is completely build-ready on the west side of Springfield! Located near Salem Estates & Olde Bradfordton Place, this growing community is in Pleasant Plains Schools & offers convenient, cost-effective Springfield utilities & amenities while maintaining a quiet, country-view setting on the outskirts of town. Zoned for attached single-family

    Kyle Killebrew The Real Estate Group, Inc.

    4615 Tess Dr, Springfield, IL 62711
  • /5

    $4,999

    • Land
    • 0.21 Acre
    • $23,805 per Acre

    2023 E Spruce St, Southern View, IL 62703

    This level lot is perfectly situated in a well-established neighborhood, offering the ideal foundation for your dream home or investment property. With utilities available, a prime location, and easy access to local amenities this property is ideal!*Flat, Build-Ready Land – No costly grading or prep work required*Established Community – Enjoy a neighborhood feel with mature

    Collin Dankenbring Key Estates Realty and Property Management

    2023 E Spruce St, Southern View, IL 62703
  • /85

    $176,900

    • 3 Beds
    • 2.5 Baths
    • 1,302 Sq Ft

    922 N 4th St, Springfield, IL 62702

    ATTENTION INVESTORS!! 1 SINGLE FAMILY HOME & 1 DUPLEX Welcome to 922 & 924 4th Street, a prime investment opportunity featuring three income-generating rental units on the same parcel. This property includes a 3-bedroom, 1.5-bath single-family home with a spacious layout and a large fenced-in backyard, perfect for tenants. Additionally, the duplex consists of a 1534 sq ft unit with 3-bedrooms,

    Wes Peterson Keller Williams Capital

    922 N 4th St, Springfield, IL 62702
  • /2

    $8,000

    • Land

    1132 N 3rd St, Springfield, IL 62702

    Explore the possibilities with this buildable land property located in Springfield, IL. Situated in a convenient location, this parcel offers ample potential for development or investment. With easy access to local amenities and major routes, seize the opportunity to create something special in this area. Don't miss out on this chance to score this deal that wont last long.

    Misael Chacon Beycome brokerage realty, LLC

    1132 N 3rd St, Springfield, IL 62702
  • /2

    $50,000

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft

    2216 S 13th St, Springfield, IL 62703

    This charming two-bedroom, one-bath bungalow is a great opportunity for investors looking to expand their portfolio or for buyers seeking an affordable home with income potential. The property features a comfortable living area, efficient kitchen, and well-sized bedrooms, making it appealing to both renters and owner-occupants. With a manageable layout and low-maintenance design, this home is

    Rick Wiese Wiese Properties Powered By Keller Williams

    2216 S 13th St, Springfield, IL 62703
  • /2

    $67,000

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft

    1318 E Lenox Ave, Springfield, IL 62703

    Excellent opportunity for investors! This residential property is located just minutes from downtown amenities, including shopping, dining, hospitals, and public transportation. Ideal for those seeking a solid rental investment, the home offers reliable income potential with strong demand in the area for rental housing. Features include: Convenient proximity to downtown and major employers

    Rick Wiese Wiese Properties Powered By Keller Williams

    1318 E Lenox Ave, Springfield, IL 62703
  • /2

    $67,000

    • 2 Beds
    • 1 Bath
    • 1,116 Sq Ft

    1104 N 13th St, Springfield, IL 62702

    Great opportunity for investors! This property is located on Springfield’s north end, just minutes from Lanphier High School, parks, shopping, and major roadways. With its convenient location and strong rental demand in the area, this home is well-suited as an income-producing property or an affordable addition to your investment portfolio. The property features a spacious layout with multiple

    Rick Wiese Wiese Properties Powered By Keller Williams

    1104 N 13th St, Springfield, IL 62702
  • /2

    $67,000

    • 2 Beds
    • 1 Bath
    • 831 Sq Ft

    1617 E Matheny Ave, Springfield, IL 62702

    Investment Opportunity Near Lanphier High School! Great opportunity to own an affordable investment property on Springfield’s north side, just steps from Lanphier High School and minutes from downtown, shopping, and medical facilities. This residential property is well-suited for an investor looking to build rental income or a homeowner wanting to put in a little TLC and add value. Featuring

    Rick Wiese Wiese Properties Powered By Keller Williams

    1617 E Matheny Ave, Springfield, IL 62702
  • /2

    $64,900

    • 3 Beds
    • 1 Bath
    • 1,008 Sq Ft

    1118 S Martin Luther King Junior Dr, Springfield, IL 62703

    This is a great income producing Investment Property! Currently leased and tenant is comfortable in the home. Updated laminate flooring throughout. Since 2018, windows have been replaced along with central a/c condenser. Unfinished basement is great for additional storage. This could be a great addition to your investment portfolio, but could also serve as an ultra affordable owner occupied

    Joshua Kruse The Real Estate Group, Inc.

    1118 S Martin Luther King Junior Dr, Springfield, IL 62703
  • /2

    $50,000

    • 3 Beds
    • 1 Bath
    • 840 Sq Ft

    2132 E Adams St, Springfield, IL 62703

    Check out this 3-bedroom 1 bathroom house with a newer roof (2020) and plenty of space to spread out. Enjoy cooking in the kitchen on new stove (2025) Great place to call home or add to your investment portfolio.

    Andrew Kinney The Real Estate Group, Inc.

    2132 E Adams St, Springfield, IL 62703

Home Trends in Springfield, IL

Housing Trends

Median Sale Price
$165,000
Median Single Family Sale Price
$165,000
Median 2 Bedroom Sale Price
$137,000
Median 1 Bedroom Sale Price
$62,000
Average Price Per Sq Ft
$101
Number of Homes for Sale
75
Last 12 months Home Sales
654
Months of Supply
1.40
Median List Price
$162,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
How to Buy a Home How to Finance a Home How to Sell a Home