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Springfield, IL Multifamily Homes & Duplexes for Sale

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  • /30

    $859,900

    • 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
  • /11

    $139,900

    • 3 Beds
    • 1,243 Sq Ft

    902 S Pasfield St, Springfield, IL 62704

    Excellent opportunity to own a full function Duplex. Currently occupied, Updates galore including windows, hvac, electrical, Plumbing and flooring. Nice units, one side features two possible bedrooms and 2 baths. The other is a single 1 bedroom 1 bath unit. Great location, in proximity to downtown amenities as well as the washington park area. Don't miss your chance to see this one today.

    Agent Photo

    Diane Tinsley

    The Real Estate Group, Inc.

    (217) 882-0837

    902 S Pasfield St, Springfield, IL 62704
  • /15

    $87,000

    • 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
  • /16

    $89,000

    • 4 Beds
    • 1,900 Sq Ft

    1205 E Converse St, Springfield, IL 62702

    Check out this excellent income opportunity located directly across from Lanphier High School. The main home offers a spacious living room with a fireplace, plus three generous bedrooms on the upper level. A separate rear apartment provides ideal potential for supplementary income, whether you choose to live in the main residence or lease both units for maximum cash flow. A versatile property

    Kyle Olsen RE/MAX Professionals

    1205 E Converse St, Springfield, IL 62702
  • /34

    $419,000

    • 12 Beds
    • 6,448 Sq Ft

    430 E Keys Ave, Springfield, IL 62702

    Endless Potential – 8-Unit Property! Well-maintained and fully functional, this property offers a strong mix of unit types and updated interiors. The first floor features four 1-bed/1-bath units (all electric, with both front and rear entrances), while the second floor includes four 2-bed/1-bath units. Tenant Utilities: • First-floor tenants pay their own electric. • Second-floor tenants pay

    Jay Myers Real Broker, LLC

    430 E Keys Ave, Springfield, IL 62702
  • /8

    $475,000

    • 6 Beds
    • 5,760 Sq Ft

    2110 Bradley Ct, Springfield, IL 62703

    Solid investment opportunity at 2110 Bradley Ct! This 8-unit property offers a proven rental history and steady cash flow. The building features four two-bed, one-bath units and four one-bed, one-bath units, all turn-key and professionally managed for hassle-free ownership. Several HVAC systems have been updated in recent years, providing peace of mind for future maintenance. Tenants cover their

    Matt Garrison The Real Estate Group, Inc.

    2110 Bradley Ct, Springfield, IL 62703
  • /18

    $179,900

    • 5 Beds
    • 1,550 Sq Ft

    1211 W Lawrence Ave, Springfield, IL 62704

    Well maintained 2 unit complex ready to rent! Main Floor unit is 2 bed/ 1 ba w basement & W/D hookups, Liv Rm, bath, eat in kitchen. Upper unit is 3 bed/ master loft suite, Liv Rm, Eat in Kitchen and closet w W&D hookups. Parking out back along w grassy area to share for garden or hang out area! Don't miss this one!!

    Kim Wenda RE/MAX Professionals

    1211 W Lawrence Ave, Springfield, IL 62704
  • /30

    $750,000

    • 2 Beds
    • 7,692 Sq Ft

    520 E South Grand Ave, Springfield, IL 62704

    Historic 12-Unit Brick Apartment Building with Fully Furnished 1-Bedroom Units Step into timeless charm with this well-maintained 3-story historic brick apartment building featuring 12 fully furnished 1-bedroom units. Each apartment comes move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs—making it ideal for both

    Debra Sarsany The Real Estate Group, Inc.

    520 E South Grand Ave, Springfield, IL 62704
  • /23

    $135,000

    • 2 Beds
    • 1,240 Sq Ft

    3324 S 2nd St Unit 1, Springfield, IL 62703

    Two houses on one property in the popular Southernview area of Springfield, IL—perfect for investors or multi-generational living! The first house is a remodeled 1-bed, 1-bath home with an additional bonus room. This 840 SF house boasts modern updates, central air, a walk-up attic, and a basement for extra storage. The property also features a 2-car garage and a fenced yard. The second house,

    GREG ZESSIN Springfield Real Estate, LLC

    3324 S 2nd St Unit 1, Springfield, IL 62703
  • /28

    $130,000

    • 3 Beds
    • 1,644 Sq Ft

    1042 N 1st St, Springfield, IL 62702

    INVESTORS!!! Unit A $853 Unit B $799 Unit C Will be rented out before closing. Great cash flow! 24 Hour notice and preapproval is required before showings can be approved. Back on the market due to buyer financing

    JAMI WINCHESTER The Real Estate Group, Inc.

    1042 N 1st St, Springfield, IL 62702
  • /12

    $350,000

    • 8 Beds
    • 3,300 Sq Ft

    629 W Washington St, Springfield, IL 62702

    This centrally located 6 unit complex is currently sitting at full occupancy, and very rarely holds vacant apartments. With Four 2 bedroom/1 bath units, and Two 1 bedroom/1 bath, you will have options to offer tenants. In 2019, the property received substantial updates to flooring, fixtures, kitchens and bathrooms. Tenants pay unit utilities, and owner pays for water and garbage disposal

    Joshua Kruse The Real Estate Group, Inc.

    629 W Washington St, Springfield, IL 62702
  • /2

    $150,000

    • 4 Beds
    • 2,268 Sq Ft

    545 S Lincoln Ave, Springfield, IL 62704

    Solid income producing 4 plex, close to Washington Park and Downtown. There is plenty of room to pave a parking lot in the rear of the building. Owner pays utilities. Monthly rental income is $2,950, with monthly expenses of $1,015, or annual income of $34,500 with annual expenses of 12,180. Priced at a 14.01 capitalization rate.

    Jay Clark The Real Estate Group, Inc.

    545 S Lincoln Ave, Springfield, IL 62704

Why Live in Springfield

Springfield's rich historical legacy centers on Abraham Lincoln, with attractions like the Presidential Library and Museum showcasing immersive exhibits and artifacts from his life. The Lincoln Home National Historic Site lets visitors explore the 16th president's only owned residence, while the Old State Capitol State Historic Site stands as the location of his famous "House Divided" speech. Nature lovers frequent Washington Park's botanical gardens and the Thomas Rees Memorial Carillon, one of the world's largest carillons. The Dana-Thomas House exemplifies Frank Lloyd Wright's architectural genius, while Lincoln Memorial Garden provides peaceful walking trails through native Illinois plantings.

The housing market features single-family homes across diverse neighborhoods. Downtown Springfield has a median single-family home price of $105,000, while Washington Park Knolls commands $250,000. Piper Glen represents the luxury market with a median of $436,500. The citywide median sale price sits at $177,500, with one-bedroom condos at $62,000 and two-bedroom condos at $109,900.

Springfield's cost of living runs 9% below the national average. A family with school-age children needs approximately $97,000 annually to live comfortably, while renters require about $51,000. Property taxes in Sangamon County stand at 1.98%, comparing favorably to nearby Bloomington's 2.27%. The city maintains strong public education, with Lincoln Magnet School and Springfield High School earning A minus ratings. Private options include Our Savior's Lutheran School, rated A plus. The University of Illinois at Springfield adds higher education opportunities. Commuters benefit from the Sangamon Mass Transit District bus system and minimal traffic congestion, while Amtrak provides rail service to Chicago and St. Louis.

Home Trends in Springfield, IL

Housing Trends

Median Sale Price
$164,000
Median Single Family Sale Price
$161,900
Median 2 Bedroom Sale Price
$138,500
Median 1 Bedroom Sale Price
$62,000
Average Price Per Sq Ft
$102
Number of Homes for Sale
85
Last 12 months Home Sales
653
Months of Supply
1.60
Median List Price
$164,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
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