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19 Multi Family Homes For Sale in Springfield, IL

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Est. Payment$72,500
-- Beds | -- Baths | 1,872 Sqft

1336 N 4th Street, Springfield, IL 62702

Multi Family For Sale

This clean and well maintained duplex has been owner occupied for 40+ years and it shows. Both units are 2 beds and rents shown here are estimates. 1st floor was owners' unit and has attached 3 season room with heat that has washer/dryer hook up. 2nd floor is also 2 bed with all nice size rooms. 2 car attached garage is newer and in great shape. Basement offers additional space for storage or work shop. Home in an estate. Inspections welcome but sold as is.

Est. Payment$19,900
-- Beds | -- Baths | 2,400 Sqft

1900 S 5th Street, Springfield, IL 62703

Multi Family For Sale

Huge opportunity in this Top bottom duplex that just needs a little TLC to get it flowing cash like the Sangamon flows water. 2BD 1BA x 2 in great location. Broker owned. Sq ft believed accurate not warranted.

Est. Payment$150,000
-- Beds | -- Baths | 2,700 Sqft

2218-2220 Austin Drive, Springfield, IL 62704

Multi Family For Sale

Side by side duplex with excellent rental history. 3 bedrooms 1.5 baths and 1 car attached garage on each side. 2218 had long term renter at $750/month it has new carpet on second floor, living room has new flooring. Kitchen appliances include refrigerator, range and dishwasher. Fenced back yard. 2220 rented for $800/month has laminate flooring. Kitchen has range and dishwasher. Units back up to bike trail. Sold "as is".

Est. Payment$249,900
-- Beds | -- Baths | 4,408 Sqft

2341 Gillespie Street, Springfield, IL 62704

Multi Family For Sale

Great investment opportunity! Fully leased Four Plex with cash flow already set in place! Easily take ownership & let the money come in. Well maintained and easy to find tenants in the heart of Springfield at aggressive rent rates. Separate water, electric & gas meters means even less owner expenses. Owner pays trash, security light & lawn/snow removal year round while all tenants are responsible for their own utilities.

Est. Payment$249,900
-- Beds | -- Baths | 4,408 Sqft

2337 Gillespie Street, Springfield, IL 62704

Multi Family For Sale

Great investment opportunity! Fully leased Four Plex with cash flow already set in place! Easily take ownership & let the money come in. Well maintained and easy to find tenants in the heart of Springfield at aggressive rent rates. Separate water, electric & gas meters means even less owner expenses. Owner pays trash, security light & lawn/snow removal year round while all tenants are responsible for their own utilities.

Est. Payment$150,000
-- Beds | -- Baths | 2,400 Sqft

2112 Westchester Boulevard, Springfield, IL 62704

Multi Family For Sale

Calling all investors! Here's an opportunity to lease own both sides of a well maintained duplex located in highly desirable Westchester subdivision. Both units currently rented for $775/mo. Lease both sides, or owner occupy one side and lease the other! Large rooms & closets in all bedrooms have made this historically easy to rent. Full roof replacement including new roof decking to be completed June 2020.

Est. Payment$59,900
-- Beds | -- Baths | 2,218 Sqft

1137 W Lawrence Avenue, Springfield, IL 62704

Multi Family For Sale

Calling all investors! This duplex located near Washington Park has excellent cash flow. Tenants pay gas and electric. Home is in need of some TLC and is being sold AS-IS, but is still an amazing opportunity to add to your investment portfolio. Seller is entertaining all reasonable offers.

$2,000

Jim Fulgenzi

Est. Payment$182,000
-- Beds | -- Baths | 1,960 Sqft

2601-2603 Delaware Drive, Springfield, IL 62702

Multi Family For Sale

This brick duplex is now available in the wonderfully located Indian Hills subdivision! This one is available as both income property or live in one side, rent the other side & let your renter pay your mortgage! These are 2 bed/2 bath units w/updated kitchens, baths, large yards, & newer carpet. The fully finished basements on each side have the 2nd full bathroom, family room, utility room, & possible 3rd bedroom (no egress). Very large living rooms & large closets round out these units. 2601 rented for $875 by same renter since April 2016. Current lease is a month to month. 2603 rented for $950 by same renter since September 2014.Current lease expires 09/30/19. Additional property information is attached in the MLS. Can be bought as a package w/other duplexes in town. Selling as-is, inspected w/repairs, radon & termite reports available.

Est. Payment$965,000
-- Beds | -- Baths | -- Sqft

3241 Douglas Avenue, Springfield, IL 62704

Multi Family For Sale

24 2 bed/1 bath units consisting of 6 4 unit buildings, plus large area to add buildings and have ample off street parking. All roofs updated, 1 building is only 1 year old. Located just west of MacArthur and south of Wabash. Maintenance building is on property. Building A is forced air gas the other buildings are electric.

Est. Payment$78,000
-- Beds | -- Baths | 2,520 Sqft

522 W Allen Street, Springfield, IL 62704

Multi Family For Sale

4 Plex in Mid town not too far from downtown or Washington Park. 4 units all leased with good rent history. Each unit is 1 bed / 1 bath. Seller has replaced windows, updated electrical, and added landscaping. Unit #3 has new flooring throughout in 2019, and unit 4 has new refrigerator in 2019 as well. This 4 unit building would make a great addition or a start to an investors portfolio. Currently, property is being managed by property management company. Owner pays water sewer trash for tenants. There is also an electric bill for house meter (common areas, porches and hallway). Roof 2010. 2 parking spaces per apartment.

Est. Payment$49,000
-- Beds | -- Baths | 2,050 Sqft

218 N Macarthur Boulevard, Springfield, IL 62702

Multi Family For Sale

Great investment opportunity! Centrally located w/easy access to downtown, west side or any part of the city. Tenants pays Gas & Electric (separate meters). Owner takes care of water (1 meter), lawn, and trash

Est. Payment$139,000
-- Beds | -- Baths | 1,700 Sqft

1621 S 5th Street, Springfield, IL 62703

Multi Family For Sale

All brick duplex in great location with an all brick detached garage. Well maintained property offers a great investment opportunity; roof, HVAC, HWH, windows, and floors all updated in the past 3 years. Located centrally for access to shopping, restaurants, medical offices, and highway. Tenants pay for all utilities and leases will be available for review with a lender approval. Come and see this great investment property. 24-hour notice required with tenants

Est. Payment$350,000
-- Beds | -- Baths | 5,400 Sqft

3320 S Douglas Street, Springfield, IL 62704

Multi Family For Sale

Rare investment opportunity! Heres your chance to own a conveniently located, very well maintained, six unit parcel with great cash flow. Three separate, all brick duplexes nestled on nearly a full acre with it's own drive, and plenty of room for another building to be built if you desire. Recognized as Suburban Court by the city of Springfield and postal service, units 1-6. County has parcel assessed as 3320 South Douglas Ave.

$5,000
Est. Payment$225,000
-- Beds | -- Baths | 4,259 Sqft

1940 S Lincoln Street, Springfield, IL 62704

Multi Family For Sale

Extremely rare investment opportunity! Two parcels include a large single family home (maintained and lived in by the same family for 80 years), an adorable rental home & a commercial building. 1940 S Lincoln is a 3BR/2BA corner lot home with a fenced backyard, 2 car detached garage, newer roof & a partially finished basement with full bath & bonus room. 1936 Lincoln is a one bedroom income property on a crawl with separate utilities, newer roof & currently bringing $425/mo in rental income. The commercial building brings $900/month with separate electric meter and apx 2200 square feet. One parcel includes the rental house & the parking lot for the commercial unit while the other parcel has the larger home & commercial building. Plenty of possibilities for these two pieces of property!

Est. Payment$79,900
-- Beds | -- Baths | 4,224 Sqft

1153 W Governor St, Springfield, IL 62704

Multi Family For Sale

Great earning potential in this centrally located 3 unit building. Upstairs consists of two large apartments 2BD & 3BD(one with a large screened-in porch) units have laundry hook ups. 2224sqft main floor works for retail or office and could be converted into apartments. Basement offers an additional 2000 sqft of storage. Income potential for upstairs apartments is $650-$750/unit, & main floor is $800 to $1000. Put your business on the main floor and let the apartments pay your mortgage. New HV/AC for main floor and laminate flooring in '16 . Separate utilities and apartments are all electric.

Est. Payment$799,000
-- Beds | -- Baths | 12,408 Sqft

1025 S 5th St Street, Springfield, IL 62702

Multi Family For Sale

Great location just south of Springfield Clinic on 5th Street. 19 units plus managers office and laundry room. All units are 1 bedroom with full bath. Split between 2 buildings, North and South. The North building has been updated and is 80% occupied. The South building is ready for remodel and is 20% occupied. Exterior of the building has been very well maintained. South side has newer metal roof and North side is rubber roof and in good condition. Current Cap Rate sits at 5.04% but Pro-Forma Cap Rate after remodel sits at 14.07%.

Est. Payment$139,900
-- Beds | -- Baths | 2,400 Sqft

1003 S 8th St, Springfield, IL 62703

Multi Family For Sale

Fantastic location by Springfield Clinic. Zoned Office and Multi-Family. Clean and well maintained, this 3 unit historic building has had many updates and features all original refinished hardwood floors, doors, and moldings, yet has a modern look with large, light-filled open units. Upstairs tenant pays $500 plus electric, and downstairs tenant pays $525. Downstairs tenant is month-to-month, upstairs tenant has lease until Aug. 1, 2020. Additional third space is also available. Laundry hook-ups in basement. Wonderful income property with commercial possibilities.

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