27-unit Springfield Multifamily Opportunity

For Sale

604-614 South 4th Street, Springfield, IL 62703

This Springfield property for sale is located at 604-614 South 4th Street. The current listed sale price for 27-unit Springfield Multifamily Opportunity is $540,000. 27-unit Springfield Multifamily Opportunity is situated on a lot that is 0.45 acre in size.

Contacts

Carrie Tinucci-Troll, CCIM

SVN | Core 3

Property Details

  • Property Type Multi-Family
  • Property Size 26,856 SF
  • Units 27
  • Lot Size 0.45 Acre
  • Date Updated Jun 26, 2026
The property sits only a few blocks away from downtown Springfield and is within walking distance to the Governor's Mansion and Capitol Building.Located in the heart of Downtown Springfield, this three-building multifamily portfolio is positioned for strong rent growth and long-term appreciation. The property includes 6 units in Building 606, 6 units in Building 610, and 15 units in Building 614. This is an ideal opportunity for an experienced investor or developer looking for a value-add multifamily project with great upside potential. Based on comparable properties and management data in the area, renovated units could achieve rents between $750 and $900 per month. This portfolio is being offered as-is. Bring your vision and unlock the potential this property has to offer!
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Highlights

  • All units need renovation
  • Downtown Springfield location – close to amenities, jobs, and transit
  • Three-building portfolio totaling 27 units
  • Value-add opportunity being offered as-is

Attachments

Getting around

  • 84/100

    Walk Score ®

  • 48/100

    Transit Score ®

  • 78/100

    Bike Score ®

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Location

  • City Springfield, IL
  • Neighborhood Old Aristocracy Hill
  • Zip Code 62703

Points of Interest

  • Springfield

    0.45 miles

  • Marathon

    0.38 miles

  • Moto Mart

    0.65 miles

  • Citgo

    0.85 miles

  • Gas Depot

    1.30 miles

  • Casey's General Store

    1.34 miles

  • Qik-N-EZ

    1.39 miles

  • Mobil

    1.47 miles

  • BP

    1.48 miles

  • Express Mart

    1.70 miles

  • Hyvee Gas Station

    1.77 miles

  • Dana-Thomas House Parking

    0.13 miles

  • Christ Church Parking

    0.21 miles

  • Herndon Parking Ramp

    0.21 miles

  • Lincoln Home Parking

    0.23 miles

  • Elijah Iles House Visitor Parking

    0.23 miles

  • Lot T

    0.26 miles

  • Lot M

    0.35 miles

  • Municipal Parking Deck

    0.37 miles

  • Municipal Parking

    0.39 miles

  • Sangamon County Parking Lot

    0.44 miles

  • Mansion View Inn

    0.05 miles

  • Inn at 835

    0.29 miles

  • Wyndham Springfield City Centre

    0.39 miles

  • State House Inn, Trademark Collection by Wyndham

    0.42 miles

  • Statehouse Inn

    0.42 miles

  • President Abraham Lincoln Hotel, Doubletree by Hilton

    0.43 miles

  • Pasfield House Inn

    0.47 miles

  • Carpenter Street Hotel

    0.78 miles

  • Howard Johnson Inn & Suites Springfield

    1.96 miles

  • Super 8 by Wyndham Springfield East

    2.45 miles

  • The Keep Store

    0.33 miles

  • County Market

    0.76 miles

  • Humphrey's Market

    1.21 miles

  • Hy-Vee

    1.72 miles

  • Save-A-Lot

    1.78 miles

  • Robert's Seafood Market

    1.82 miles

  • Little World International

    2.23 miles

  • JCPenney

    2.27 miles

  • Asian Market

    2.62 miles

  • Big Lots

    3.25 miles

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