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Springfield, IL Multifamily Homes & Duplexes for Sale

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  • /48

    $142,900

    • 4 Beds
    • 3,200 Sq Ft

    1127 N 6th St, Springfield, IL 62702

    This fully renovated 2-unit property offers strong monthly income potential. The front unit features 3 bedrooms and 2 bathrooms and is currently operating as a high-demand short-term rental. The rear 1 bed/1 bath unit has just been renovated and is ready to rent in the manner you prefer.Recent 2024 upgrades include:Brand-new kitchen/New roof/Modern LVP flooring/Freshly painted walls/New

    Agent Photo

    JULIE DAVIS

    The Real Estate Group, Inc.

    (217) 262-9559

    1127 N 6th St, Springfield, IL 62702
  • /15

    $120,000

    • 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
  • /30

    $935,000

    • 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
  • /22

    $450,000

    • 6 Beds

    102 W Scarritt St, Springfield, IL 62704

    Investor’s Dream! This well-maintained 6-unit apartment building features a desirable mix of (4) two-bedroom units and (2) one-bedroom units, offering great flexibility and broad tenant appeal. Each unit is equipped with modern updates and central air for year-round comfort. The two-bedroom units currently rent between $825–$900/month, providing steady cash flow. Long-term tenants are in place

    Tiana Burnett Keller Williams Capital

    102 W Scarritt St, Springfield, IL 62704
  • /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
  • /10

    $1,900,000

    • 4 Beds
    • 36,828 Sq Ft

    3100 Butler St, Springfield, IL 62703

    Don’t miss this rare opportunity to own a turnkey 36-unit multifamily property located in Springfield’s desirable south end. This well-maintained complex offers a strong rental history with 95% occupancy of two bed 1 bath units making it ideal for long-term stability and consistent income. A new roof will be put on each building prior to closing. Recent capital improvements, on-site parking, and

    Richard Wiese Wiese Properties Powered By Keller Williams

    3100 Butler St, Springfield, IL 62703
  • /25

    $120,000

    • 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
  • /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
  • /12

    $45,000

    • 3,103 Sq Ft

    1108 S 2nd St, Springfield, IL 62704

    Time to pass the baton on this project! Seller is hoping to just recoup what they put in--siding, some windows, back steps, roof repair, front porch, etc. This place is huge and previously a four-plex and office space prior to that. All gutted and ready to go!!!

    ANGELA MILLER The Real Estate Group, Inc.

    1108 S 2nd St, Springfield, IL 62704
  • /35

    $129,900

    • 7 Beds
    • 2,366 Sq Ft

    1232 N 4th St, Springfield, IL 62702

    Investor Alert! Come check out this refreshed duplex with a 3 bed 1 bath unit and a 4 bed 1 bath unit that are completely rent ready and vacant so you can pick your own tenant. The bottom unit features all hard surface flooring, window air and forced air heat. The upper unit features window a/c and electric heating. Most window have been replaced. The unfinished basement makes for great

    Dominic Campo Campo Realty, Inc.

    1232 N 4th St, Springfield, IL 62702
  • /12

    $355,000

    • 8 Beds
    • 3,300 Sq Ft

    629 W Washington St, Springfield, IL 62702

    This centrally located 6 unit complex is currently sitting with 5 of 6 units occupied, 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 some substantial updates to flooring, fixtures, kitchens and bathrooms. Tenants pay unit utilities, and owner pays for water and garbage

    Joshua Kruse The Real Estate Group, Inc.

    629 W Washington St, Springfield, IL 62702
  • /21

    $565,000

    • 8 Beds
    • 9,747 Sq Ft

    619 S Walnut St, Springfield, IL 62704

    Investor ALERT!! This 12 unit complex has seen substantial updates to many of the units, but there is still time to put your personal touch on it! 11 Two bedroom units, and 1 One bedroom unit make up this centrally located mature Charmer. Currently just three units vacant, yet they are in the process of cleanup before placing the next lucky tenant. Most units have seen upgrades, some with full

    Joshua Kruse The Real Estate Group, Inc.

    619 S Walnut St, Springfield, IL 62704
  • /4

    $64,900

    • 4 Beds
    • 3,024 Sq Ft

    1502 S Pasfield St, Springfield, IL 62704

    Good investment opportunity for experienced investors.

    Griffin Smock Craggs REALTORS, Inc.

    1502 S Pasfield St, Springfield, IL 62704
  • /20

    $399,000

    • 26 Beds
    • 15,054 Sq Ft

    541 E Black Ave, Springfield, IL 62702

    Imagine the possibilities!! This approx 15,000 sqft historic building is the birthplace of Marjorie Merriweather Post and was formerly used for over 100 years by The Kings Daughters Organization as a ladies dormitory. The building has 26 studio units (approx 538 sqft each) with full baths, a common area, a communal commercial kitchen, partial basement and elevator. 1.8 acre lot overlooks the

    Roni Mohan RE/MAX Professionals

    541 E Black Ave, Springfield, IL 62702
  • /35

    $175,000

    • 3 Beds
    • 2 Baths
    • 1,388 Sq Ft

    2005 Claremont Dr, Springfield, IL 62703

    Online Only Auction Franklin Park Subdivision Real Estate and Personal Property Auction 2005 Claremont Dr. Springfield, IL 62703 Open House: Monday, August 11th 2025 from 4:00pm-5:00pm Auction Ending: Wednesday, August 13th 2025 starting at 6:00 PM Auction Pickup: Friday, August 15th 2025 from 10:00am-3:30pm Property Details: 2005 Claremont Dr. Springfield, IL 62703

    Thomas Walsh Aumann Auctions

    2005 Claremont Dr, Springfield, IL 62703

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
$360,000
Median Single Family Sale Price
$350,000
Median 2 Bedroom Sale Price
$90,000
Average Price Per Sq Ft
$134
Number of Homes for Sale
14
Last 12 months Home Sales
263
Months of Supply
0.60
Median List Price
$385,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
29%
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