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Springfield, IL Multifamily Homes & Duplexes for Sale

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  • /16

    $142,500

    $8K PRICE DROP Under Contract
    • 5 Beds
    • 2,843 Sq Ft

    318 S State St, Springfield, IL 62704

    Due to no fault of the seller, buyer lost his financing. Don't miss out on this like brand new duplex with great cash flow. New 50 year roof, plumbing, electrical, siding, insulation, gutters and downspouts & flooring. Plaster removed to studs and new drywall installed. New kitchen cabinets & appliances in unit 2. New HVAC for 3rd level. Square feet believed to be accurate but not warranted.

    Agent Photo

    Edward Bowen

    Keller Williams Capital

    318 S State St, Springfield, IL 62704
  • /15

    $185,000

    • 4 Beds
    • 1,832 Sq Ft

    141 N Douglas Ave, Springfield, IL 62702

    BACK ON THE MARKET through no fault of the seller! Income-Producing Duplex – 141 & 143 N Douglas | One Tax IDThis well-maintained side-by-side duplex sits in a quiet, established neighborhood with excellent convenience. Just minutes from downtown, shopping, hospitals, and schools, it offers strong tenant appeal and easy management.Unit Highlights:141 N Douglas – Immediately available and recently

    DONNA FEDOR RE/MAX Professionals

    141 N Douglas Ave, Springfield, IL 62702
  • /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

    $160,000

    • 4 Beds
    • 3,420 Sq Ft

    1546 E Cornell Ave, Springfield, IL 62703

    All brick 6 unit 1 story apartment building. Individual electric meters. All units occupied and being sold As Is. Tenants pay electric and gas. House meter for water and sewer pay by landlord.

    Ben Call The Real Estate Group, Inc.

    1546 E Cornell Ave, Springfield, IL 62703
  • /51

    $294,900

    $45K PRICE INCREASE Under Contract
    • 5 Beds
    • 3,264 Sq Ft

    80 Celeste Ct, Springfield, IL 62703

    Looking for an owner-occupied, income producer, or need space for relatives? Take a look at this solid one-owner, 3200 approx. sqft., custom build, side-by-side brick ranch duplex. Unit 1 is almost 2000 Sqft with 3BDs and 2BA, very large kitchen opening to family room with fireplace. Formal living room has custom wood wall unit and bay window. Step-in shower in the primary bedroom. Each unit has

    Roni Mohan RE/MAX Professionals

    80 Celeste Ct, 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
  • /3

    $250,000

    • 4 Beds
    • 6,000 Sq Ft

    524 E Ridgely Ave Unit G, H, I, J, K & L, Springfield, IL 62702

    Great opportunity to own a 6 units just a couple blocks away from Lincoln Park. One building is a 4-plex and the other is a duplex. All fully occupied with a total gross monthly income of $3,850. New roof layover just installed in August 2024. New siding on the 4-plex. Tenant pays for all utilities. Owner pays for garbage expense.

    JAMI WINCHESTER The Real Estate Group, Inc.

    524 E Ridgely Ave Unit G, H, I, J, K & L, 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
  • /7

    $250,000

    • 4 Beds
    • 1,152 Sq Ft

    3721 Wollesen Ln, Springfield, IL 62707

    Mixed use zoned B-1 with variance for mobile home park. Vacant commercial building at front (24 x 48) previously rented for $1,300/mo. Roof 2010, stick built, slab, full bath, several rooms. Ameren gas, CWLP water/elec., aeration septic. Mobile home 1 (3727 Wollesen) is seller owned and rents for $650/mo. Mobile home 2 (3725) is tenant owned, lot rent is $220/mo. Mobile home 3 (3721) has new

    JAMI WINCHESTER The Real Estate Group, Inc.

    3721 Wollesen Ln, Springfield, IL 62707
  • /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
  • /16

    $300,000

    Pending
    • 6 Beds
    • 5,083 Sq Ft

    1501 & 1505 S 5th St, Springfield, IL 62703

    So much potential and so many possibilities accompany this property! This unique piece of ground is location on South 5th St, just outside of historic downtown Springfield. This property is so conveniently close to I-55 and I-72, an abundance of shopping, restaurants, grocery, and living conveniences, that you will not have to go far to get what you need. Built between 1915 and 1937, there are

    Joshua Kruse The Real Estate Group, Inc.

    1501 & 1505 S 5th St, Springfield, IL 62703
  • /19

    $139,900

    $6K PRICE DROP
    • 4 Beds
    • 1,870 Sq Ft

    1233 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.

    1233 N 8th St, Springfield, IL 62702
  • /12

    $385,000

    Pending
    • 8 Beds
    • 3,300 Sq Ft

    629 W Washington St, Springfield, IL 62702

    This centrally located 6 unit complex is in a high traffic area, and has a very high occupancy rate. Three units are currently vacant after having performed some tenant clean up, and they are currently undergoing turnover rehab. With Four 2 bedroom/1 bath units, and Two 1 bedroom/1 bath, you will have options to offer incoming tenants. In 2019, the property received substantial updates to

    Joshua Kruse The Real Estate Group, Inc.

    629 W Washington St, Springfield, IL 62702
  • /3

    $46,000

    $9K PRICE DROP
    • 2 Beds
    • 864 Sq Ft

    1713 E Glenn Ave, Springfield, IL 62703

    Attention investors.... This 2 bed, 1 bath property is already tenant-occupied, providing immediate income from day one. Whether you're expanding your portfolio or getting started, this is a turnkey opportunity with built-in returns.

    JAMI WINCHESTER The Real Estate Group, Inc.

    1713 E Glenn Ave, Springfield, IL 62703
  • /6

    $175,000

    Pending
    • 6 Beds
    • 2,688 Sq Ft

    1050 W Fayette Ave, Springfield, IL 62704

    All brick side by side duplex a block away from Washington Park! Each unit offers 3 beds, 1.5 baths with a unfinished basement. Both tenants are on a month to month basis. Duplex needs some work and priced accordingly. Updated kitchen and baths. Property does need flooring, paint, roof and gutter work. Property has potential to rent for much more. Selling as is.

    JAMI WINCHESTER The Real Estate Group, Inc.

    1050 W Fayette Ave, Springfield, IL 62704
  • /3

    $33,000

    $9K PRICE DROP
    • 1 Bed
    • 704 Sq Ft

    1412 N 15th St, Springfield, IL 62702

    *Investor Special* Currently tenant occupied. Just a short walk to Lanphier High School.

    JAMI WINCHESTER The Real Estate Group, Inc.

    1412 N 15th St, Springfield, IL 62702
  • /10

    $1,900,000

    $440K PRICE DROP Pending
    • 4 Beds
    • 36,828 Sq Ft

    3100 Butler St Unit 1833, 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. Recent capital improvements, on-site parking, and professional management in place provide ease of

    Richard Wiese Wiese Properties Powered By Keller Williams

    3100 Butler St Unit 1833, Springfield, IL 62703

Home Price Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$190,000
Median 2 Bedroom Sale Price
$109,900
Median 1 Bedroom Sale Price
$65,000
Average Price Per Sq Ft
$109
Number of Homes for Sale
95
Last 12 months Home Sales
802
Months of Supply
1.40
Median List Price
$186,700
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
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