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Investment - Homes for Sale in Springfield, IL

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  • /25

    $749,800

    $50K PRICE DROP
    • 8 Beds
    • 6,180 Sq Ft

    2510 & 2518 W Jefferson St, Springfield, IL 62702

    Fully Occupied 10-Unit Investment Property on 6.5 Acres Excellent opportunity to own a 10-unit multifamily property located in the desirable Springfield High School District. This property consists of two 5-unit buildings (2510 & 2518 W Jefferson) and is fully rented with a total monthly income of $7,965. Tenants pay electric and gas. Owner pays water, sewer, trash, and mowing. Situated on 6.5

    Debra Sarsany The Real Estate Group, Inc.

    2510 & 2518 W Jefferson St, Springfield, IL 62702
  • /2

    $4,000

    $1K PRICE DROP
    • Land
    • 3,920 Sq Ft
    • $44,444 per Acre

    1401 Enterprise St, Springfield, IL 62702

    Build your next home or investment property on this residential lot located at 1401 Enterprise St in the heart of Springfield. Conveniently situated with easy access to local shopping, schools, dining, and major roadways, this parcel offers a great opportunity for builders, investors, or buyers looking to construct a custom home. Utilities nearby (buyer to verify all connections, zoning, and

    Tatiane De-Souza Coldwell Banker Brown Realtors

    1401 Enterprise St, Springfield, IL 62702
  • /14

    $50,000

    • 2 Beds
    • 1 Bath
    • 720 Sq Ft

    2216 S 13th St, Springfield, IL 62703

    Great opportunity in Springfield! This 2-bedroom, 1-bath home is conveniently located near local hospitals, downtown, shopping, and dining, offering easy access to many of the city’s key amenities. The property features a functional layout with spacious living areas, three comfortable bedrooms, and two full bathrooms. Whether you’re looking for an investment property to add to your portfolio or a

    Rick Wiese Wiese Properties Powered By Keller Williams

    2216 S 13th St, Springfield, IL 62703
  • /32

    $40,000

    • 5 Beds
    • 4 Baths
    • 2,503 Sq Ft

    1631 S College St, Springfield, IL 62704

    ATTENTION INVESTORS: Opportunity awaits in this spacious 2-story home featuring a unique floor plan with 4–5 bedrooms, 1 full bath, and 3 half baths. Offers an enclosed front porch, unfinished basement, lots of original woodwork and the vintage fireplace is still intact. New roof in 2025. The home requires significant repairs and updates but offers excellent potential for renovation, investment

    Crystal Commean RE/MAX Professionals

    1631 S College St, Springfield, IL 62704
  • /35

    $139,900

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,044 Sq Ft

    730 W Ash St, Springfield, IL 62704

    Wow! Dreaming of a charming bungalow with an enormous 22 x 60 garage and a huge 60 x 200 lot right in the heart of Central West Springfield? Well here it is! 2-3BD 1BA bungalow has hardwood under carpet, formal dining room, lots of unpainted woodwork, vintage wood upper kitchen cabinets, French doors, and gorgeous vintage light fixtures. The room off the kitchen is filled with natural light and

    Roni Mohan RE/MAX Professionals

    730 W Ash St, Springfield, IL 62704
  • /32

    $84,000

    $15K PRICE DROP Pending
    • 2 Beds
    • 1 Bath
    • 729 Sq Ft

    3416 S Lincoln Ave Unit 1, Springfield, IL 62704

    Charming 2-bedroom home situated on a quiet cul-de-sac on a large fenced lot, just minutes from all the West side conveniences. New Roof and Garage Door 2025. Inside, you'll find a bright eat-in kitchen, complete with stove and refrigerator, along with a convenient laundry/mud room. Washer and dryer are included. Enjoy the privacy of the expansive fenced yard while being close to shopping,

    Lori Smith RE/MAX Professionals

    3416 S Lincoln Ave Unit 1, Springfield, IL 62704
  • /2

    $67,000

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

    1104 N 13th St, Springfield, IL 62702

    Great opportunity in Springfield! This 2-bedroom, 1-bath home is conveniently located near local hospitals, downtown, shopping, and dining, offering easy access to many of the city’s key amenities. The property features a functional layout with spacious living areas, three comfortable bedrooms, and two full bathrooms. Whether you’re looking for an investment property to add to your portfolio or a

    Rick Wiese Wiese Properties Powered By Keller Williams

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

    $75,000

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

    820 N 8th St, Springfield, IL 62702

    Great opportunity in Springfield! This 3-bedroom, 2-bath home is conveniently located near local hospitals, downtown, shopping, and dining, offering easy access to many of the city’s key amenities. The property features a functional layout with spacious living areas, three comfortable bedrooms, and two full bathrooms. Whether you’re looking for an investment property to add to your portfolio or a

    Rick Wiese Wiese Properties Powered By Keller Williams

    820 N 8th St, Springfield, IL 62702
  • /39

    $225,000

    • 2 Beds
    • 2 Baths
    • 2,201 Sq Ft

    21 W Hazel Dell Unit 1, Springfield, IL 62703

    Opportunity awaits on this waterfront property offering 101 feet of lake frontage and a beautiful, wooded setting filled with abundant wildlife. Conveniently located just minutes from downtown, this all-brick ranch provides the perfect balance of privacy, nature, and accessibility. The home features a functional floor plan, spacious living areas, and a finished basement with additional space for

    Jim Fulgenzi RE/MAX Professionals

    21 W Hazel Dell Unit 1, Springfield, IL 62703
  • /38

    $179,500

    $5K PRICE DROP
    • 4 Beds
    • 1,232 Sq Ft

    1515 Maryland Ave, Springfield, IL 62702

    Move-in ready duplex offering an excellent opportunity for both investors and owner -occupants! Each side features 2 bedroom and 1 full bath, with fresh paint, newer flooring and updated kitchen finishes. All appliances are included, including the refrigerator, stove, washer and dryer. Roof on North side is new and 1 hot water new + 2 new toilets and updated bathroom finishes! Located in a quiet

    LISA HAGGERTY Keller Williams Capital

    1515 Maryland Ave, Springfield, IL 62702
  • /13

    $379,900

    $20K PRICE DROP Pending
    • 8 Beds
    • 2,752 Sq Ft

    824 E Ridgely Ave, Springfield, IL 62702

    This 4,500 Square Foot, Six unit apartment building offers an outstanding investment opportunity with a variety of recent upgrades. The building itself, has undergone significant updating, including a new roof and all new siding in 2021. All six units have been renovated. With updates like multiple new HVAC systems and water heaters. the sale also includes an additional parcel to the west, with

    Kyle Killebrew The Real Estate Group, Inc.

    824 E Ridgely Ave, Springfield, IL 62702
  • /3

    $3,500

    $1K PRICE DROP
    • Land
    • 6,799 Sq Ft
    • $22,421 per Acre

    1521 E Matheny Ave, Springfield, IL 62702

    Build your future home or investment property on this 6,800 sq ft residential vacant lot located in Springfield, Illinois. This parcel is conveniently situated within city limits and is ideal for a single-family residence or long-term hold. Utilities are available nearby. Affordable land like this is becoming harder to find-especially at this price point. Whether you're a builder, investor, or

    Henry Torn List With Freedom.com

    1521 E Matheny Ave, Springfield, IL 62702
  • /34

    $90,000

    • 2 Beds
    • 1 Bath
    • 1,128 Sq Ft

    2516 S 10th St, Springfield, IL 62703

    Welcome to 2516 S 10th St! Step inside and discover the charm of this beautifully updated bungalow nestled in Springfield's desirable Harvard Park neighborhood. From the moment you arrive, you'll appreciate the fresh exterior updates, inviting curb appeal, and welcoming covered front porch—perfect for enjoying your morning coffee or unwinding after a long day. Offering over 1,100 square feet of

    Wes Peterson Keller Williams Capital

    2516 S 10th St, Springfield, IL 62703
  • /31

    $125,000

    • 2 Beds
    • 1 Bath
    • 854 Sq Ft

    3516 Sherman St Unit 1, Springfield, IL 62703

    Welcome home to this darling 2-bedroom, 1-bath residence that's full of character and thoughtful updates! The beautifully refreshed kitchen features painted cabinetry, updated hardware, and a brand-new dishwasher (2025). The remodeled bathroom and refinished hardwood floors add timeless charm throughout the home. Major improvements provide peace of mind, including a new roof (2021), water heater

    JAMI WINCHESTER The Real Estate Group, Inc.

    3516 Sherman St Unit 1, Springfield, IL 62703
  • /43

    $225,000

    Pending
    • 4 Beds
    • 2 Baths

    701 W Vine St, Springfield, IL 62704

    Affordable Entry-Level Duplex Investment. High-Demand Rental Area 2 Blocks from Washington Park. Excellent opportunity for first-time investors or those looking to expand their portfolio with an affordable, income-producing property. New shingle roof, gutters, and windows in 2014. Interior of both units remodeled in 2016. New rubber roof over sunrooms in 2024. Current Rent: $2,050/month. Lease

    Jorge Romero Realty One Group Inc.

    701 W Vine St, Springfield, IL 62704
  • /29

    $117,000

    Pending
    • 2 Beds
    • 1 Bath
    • 912 Sq Ft

    1941 S Whittier Ave, Springfield, IL 62704

    Charming and full of character, this inviting 2-bedroom home offers the perfect blend of comfort and convenience. Step onto the spacious front porch—ideal for morning coffee or relaxing evenings—and into a warm interior featuring beautiful hardwood floors throughout. The cozy tile fireplace creates a welcoming focal point in the living space, perfect for gathering or unwinding. Both bedrooms

    KC SULLIVAN The Real Estate Group, Inc.

    1941 S Whittier Ave, Springfield, IL 62704
  • /43

    $262,500

    Pending
    • 3 Beds
    • 2 Baths
    • 1,705 Sq Ft

    7109 Preston Dr, Springfield, IL 62711

    Looking for an affordable avenue to get into the desirable golf community of Piper Glen? You are guaranteed to enjoy the lifestyle and amenities that make this one of the area's most sought-after neighborhoods in the Chatham School District! This lovingly maintained, one-owner home has been exceptionally cared for throughout its 22-year young lifespan, and offers a fantastic investment

    Joshua Kruse The Real Estate Group, Inc.

    7109 Preston Dr, Springfield, IL 62711
  • /15

    $109,900

    Pending
    • 2 Beds
    • 1 Bath
    • 890 Sq Ft

    2928 S 4th St Unit 1, Springfield, IL 62703

    NICE STARTER HOME OR INVESTMENT... EXTRA DEEP LOT... LOTS OF UPGRADES... SEE FOR YOURSELF.

    Peter Praia Springfield Real Estate, LLC

    2928 S 4th St Unit 1, Springfield, IL 62703
  • /19

    $145,500

    • 4 Beds
    • 1,870 Sq Ft

    1235 N 8th St, Springfield, IL 62702

    This well-maintained 2bd/1ba side-by-side Duplex has undergone extensive recent updates. 2025-26 improvements include flooring, fresh interior & exterior paint, updated kitchen & bathroom features, updated plumbing, new back porches, a new front porch overhang, new blinds, 2024-roof & newer windows. Numerous enhancements designed for long-term durability & tenant appeal. This low-maintenance

    Jerry George The Real Estate Group, Inc.

    1235 N 8th St, Springfield, IL 62702
  • /2

    $85,000

    Pending
    • 3 Beds
    • 1 Bath
    • 1,078 Sq Ft

    1629 W Capitol Ave, Springfield, IL 62704

    Investment opportunity or a diamond in the rough with lots of potential. Home has been used as a rental and needs updating - 2 major improvements have already been made. The roof was replaced in 2022 and the HVAC in 2018. Put your shine on this cute 3 bed 1 bath home. 2 car detached garage.

    Debra Sarsany The Real Estate Group, Inc.

    1629 W Capitol Ave, Springfield, IL 62704
  • /11

    $89,000

    $6K PRICE DROP Pending
    • 2 Beds
    • 1 Bath
    • 838 Sq Ft

    1907 N 10th St, Springfield, IL 62702

    Here is a great opportunity to make this super cute house your home, or to grab an income producing investment property with a great rental history! Sitting on a supersized double lot, there is no shortage of room to run in the yard. Enter to find freshly updated bungalow with a spacious living room space with a wall of windows. Brand new paint throughout sits atop just dropped luxury vinyl plank

    Joshua Kruse The Real Estate Group, Inc.

    1907 N 10th St, Springfield, IL 62702
  • /11

    $42,000

    $28K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 700 Sq Ft

    905 N Wesley St Unit 1, Springfield, IL 62702

    Great opportunity in Springfield! This property is perfect for investors or buyers looking to add value. Featuring a solid layout and strong potential, this home is ready for your finishing touches. Whether you're looking for your next flip, rental, or a project to make your own, this property offers plenty of upside. Conveniently located near local amenities, schools, and major roadways. Sold

    Keri Hir Keri Hir

    905 N Wesley St Unit 1, Springfield, IL 62702
  • /11

    $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
  • /21

    $160,000

    Pending
    • 3 Beds
    • 2,000 Sq Ft

    817 E Stanford Ave, Springfield, IL 62703

    This awesome, affordable investment is the perfect three unit package to add to your rental portfolio! With three units on the same parcel, you can reduce your property tax implications while maximizing rent profits! The single family home saw a complete remodel from the studs out, in the last 4 years. Roof, siding, windows, HVAC, drywall, fixtures, flooring, Kitchen, Bath, THE WORKS! Long term

    Joshua Kruse The Real Estate Group, Inc.

    817 E Stanford Ave, Springfield, IL 62703
  • /12

    $75,000

    • 4 Beds
    • 2 Baths
    • 1,728 Sq Ft

    1606 E Sangamon Ave, Springfield, IL 62702

    Awesome investment opportunity awaits! Plenty of space in this 4bd, 2ba home. Roof '21, A/C '21, Furnace '26, plus main floor ceiling tiles and all replacement windows. No need to worry about the big ticket items because they're all taken care of. Excellent location near shopping and restaurants. Inspections welcome but selling as-is.

    Eric Pedigo The Real Estate Group, Inc.

    1606 E Sangamon Ave, Springfield, IL 62702
  • /2

    $8,000

    • Land
    • 0 Sq Ft

    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.

    Jeffrey Sklar Beycome Brokerage Realty LLC

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

    $3,000

    $10K PRICE DROP
    • Land
    • 0 Sq Ft

    1119 N 11th St, Springfield, IL 62702

    Rare opportunity in Springfield! two lots included for the price of one! This property offers exceptional potential for homeowners, builders, or investors looking for extra space, future development options, or expanded yard area. Conveniently located near downtown, shopping, schools, and major roadways, the location provides easy access to everyday amenities while offering added flexibility not

    Tatiane De-Souza Coldwell Banker Brown Realtors

    1119 N 11th St, Springfield, IL 62702
  • /16

    $160,000

    • 3 Beds
    • 2 Baths
    • 1,728 Sq Ft

    1904 E Sangamon Ave, Springfield, IL 62702

    Welcome to this beautifully updated home on Springfield’s north side—perfect for anyone looking for comfort, convenience, and modern touches at an affordable price. This property features a bright and inviting layout with fresh updates throughout, including new flooring, updated paint, and refreshed kitchen and bath finishes that make the home feel clean and contemporary. The spacious living area

    Angelyn Howe Keller Williams Capital

    1904 E Sangamon Ave, Springfield, IL 62702
  • /2

    $64,900

    • 2 Beds
    • 1 Bath
    • 1,134 Sq Ft

    2340 S 10th St, Springfield, IL 62703

    Opportunity awaits in Harvard Park! This 2 bedroom, 1 bath home offers a great opportunity for investors, first time buyers, or those looking to downsize. Conveniently located on Springfield's south side, you'll enjoy easy access to parks, the golf course, schools, and nearby shopping and dining. A roof installed in 2017 adds value and peace of mind, while the covered front porch provides a

    Kyle Killebrew The Real Estate Group, Inc.

    2340 S 10th St, Springfield, IL 62703
  • /15

    $95,000

    $5K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 872 Sq Ft

    6600 S 6th Street Frontage Rd E Unit 205, Springfield, IL 62712

    Looking for simple, stress free living? This just might be the right fit! This nicely updated 2 bed, 2 bath condo sits in a prime location with the Convenience of the eateries that line Toronto Road, just off of I-55, and easy access to UIS and LLCC. This unit could serve as an ultra affordable way to get into the Chatham School District, but could also serve as a great income producing

    Joshua Kruse The Real Estate Group, Inc.

    6600 S 6th Street Frontage Rd E Unit 205, Springfield, IL 62712
  • /4

    $80,000

    $5K PRICE DROP
    • Land
    • 0 Sq Ft

    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

    Jim Fulgenzi RE/MAX Professionals

    4623 August Ct, Springfield, IL 62711

Home Prices in Springfield, IL

Home Price Trends

Median Sale Price
$189,950
Median Single Family Sale Price
$190,000
Median 2 Bedroom Sale Price
$110,000
Median 1 Bedroom Sale Price
$62,000
Average Price Per Sq Ft
$108
Number of Homes for Sale
87
Last 12 months Home Sales
808
Months of Supply
1.30
Median List Price
$187,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%
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