27-unit Springfield Multifamily Opportunity

For Sale

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

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!

Key features

  • 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

Building Details

  • For Sale $540,000
  • Property Type Multi-Family
  • Property Size 26,856 SF
  • Units 27
  • Lot Size 0.45 Acre
  • Additional Rent Price on request
  • Date Updated Jul 22, 2026
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Contacts

Carrie Tinucci-Troll, CCIM

SVN | Core 3

Location

  • City Springfield, IL
  • Neighborhood Old Aristocracy Hill
  • Zip Code 62703
  • Walk score 84/100 Very Walkable
  • Transit score 48/100 Some Transit
  • Bike score 78/100 Very Bikeable
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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

Tropical Rain Car Wash

1.44 miles

Water Works Car Wash

1.67 miles

Sparkling Clean Car Wash

2.02 miles

U-Haul

2.06 miles

Quality Car Wash

2.16 miles

Enterprise

2.18 miles

Hertz

2.31 miles

On Track Car Wash

2.33 miles

Rainstorm Car Wash

2.35 miles

Club Car Wash

3.20 miles

Loukinens' On Fourth

0.07 miles

Obed & Isaac's

0.17 miles

Head West

0.20 miles

Gallina's Pizza

0.24 miles

Springfield Carriage

0.25 miles

Aunt Lou's Soul Food

0.27 miles

Jerk Shop Go

0.29 miles

Replay Lounge

0.29 miles

Maldaner's Restaurant

0.30 miles

Jimmy John's

0.31 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

Illinois State Police Troop 6 - Springfield Post

0.23 miles

Springfield Clinic Main Campus West

0.34 miles

Springfield Clinic Main Campus East

0.36 miles

Springfield Police Department

0.37 miles

Fire Station #1

0.38 miles

Complete Care Pharmacy

0.50 miles

Prairie Heart Institute

0.69 miles

HSHS Saint John's Hospital

0.74 miles

Heartland Plastic Surgery

0.77 miles

SIU Center For Family Medicine

0.78 miles

Listing Summary

  • What is the asking price at 27-unit Springfield Multifamily Opportunity?

    27-unit Springfield Multifamily Opportunity is currently listed for sale at Price on request.

  • What is the total size of 27-unit Springfield Multifamily Opportunity?

    27-unit Springfield Multifamily Opportunity has a total of 26,856 square feet.

Contact Carrie Tinucci-Troll, CCIM
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