Real Estate Investment Properties for Sale in Springfield, IL

Looking for investment property in Springfield, IL with high ROI ?

Explore a variety of short-term homes & houses in Springfield, IL. Invest wisely with VRBO & Springfield, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Springfield, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2551 E LAKE SHORE Drive Springfield, IL Very Private and architecturally incredible brick 4 bedroom HAS THE WOW FACTOR! This uniqu...	4 beds \| 4 baths \| 4,055 sq.ft.	$487,700	Airbnb cash on cash: N/A Traditional cash on cash: 4.83% Airbnb Rental Income: $null Traditional Rental Income: $3620 Airbnb ROI: N/A Traditional ROI: 4.83%
935 W WASHINGTON Street Springfield, IL Check out this a charming duplex built in 1900, offering spacious and comfortable living j...	N/A beds \| N/A baths \| 1,676 sq.ft.	$128,400	Airbnb cash on cash: 8.22% Traditional cash on cash: 11.34% Airbnb Rental Income: $2029 Traditional Rental Income: $1888 Airbnb ROI: 8.22% Traditional ROI: 11.34%
3224 S SPRING Street Springfield, IL Southern View - Must see to appreciate - Large Garage - Double Lot. Call Listing Agent for...	2 beds \| 1 baths \| 917 sq.ft.	$110,500	Airbnb cash on cash: 9.18% Traditional cash on cash: 10.8% Airbnb Rental Income: $1906 Traditional Rental Income: $1572 Airbnb ROI: 9.18% Traditional ROI: 10.8%
122 N PARKER Avenue Springfield, IL Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welc...	N/A beds \| N/A baths \| 7,800 sq.ft.	$599,900	Airbnb cash on cash: -0.62% Traditional cash on cash: -0.71% Airbnb Rental Income: $2029 Traditional Rental Income: $1451 Airbnb ROI: -0.62% Traditional ROI: -0.71%
821 Kenyon Drive Springfield, IL Beautifully updated tri-level style home in popular Pasfield Park Neighborhood! Super cle...	4 beds \| 2 baths \| 2,270 sq.ft.	$249,900	Airbnb cash on cash: 9.69% Traditional cash on cash: 7.04% Airbnb Rental Income: $3912 Traditional Rental Income: $2445 Airbnb ROI: 9.69% Traditional ROI: 7.04%
2 Vivian Lane Springfield, IL Here is your chance to enjoy a 4 bedroom 2 full bath Tri-Level home near Lake Springfield....	4 beds \| 2 baths \| 2,014 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.33% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 8.33%
318 S STATE Street Springfield, IL Property back on market, was under contract part of a package sale, untill buyer terminate...	N/A beds \| N/A baths \| 2,843 sq.ft.	$185,000	Airbnb cash on cash: 5.79% Traditional cash on cash: 4.13% Airbnb Rental Income: $2029 Traditional Rental Income: $1210 Airbnb ROI: 5.79% Traditional ROI: 4.13%
155 N MACARTHUR Springfield, IL Don't miss out on this 4 unit complex with great cash flow. New exterior paint August 2024...	N/A beds \| N/A baths \| 2,867 sq.ft.	$145,000	Airbnb cash on cash: 7% Traditional cash on cash: 8.64% Airbnb Rental Income: $2029 Traditional Rental Income: $1730 Airbnb ROI: 7% Traditional ROI: 8.64%
1616 LELAND Avenue Springfield, IL Nestled along Springfield's most picturesque stretch of road on an oversized corner lot ri...	5 beds \| 7 baths \| 6,013 sq.ft.	$699,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 5.56% Airbnb Rental Income: $3983 Traditional Rental Income: $6052 Airbnb ROI: 1.08% Traditional ROI: 5.56%
5216 Wildcat Run Springfield, IL Welcome to 5216 Wildcat Run, a stately 2-story home situated in a serene location overlook...	4 beds \| 4 baths \| 3,528 sq.ft.	$625,000	Airbnb cash on cash: 2.89% Traditional cash on cash: 3.46% Airbnb Rental Income: $3763 Traditional Rental Income: $3279 Airbnb ROI: 2.89% Traditional ROI: 3.46%
2904 LEONARD Street Springfield, IL Move right in to this spacious all brick bungalow in Jerome. Nearly 2k sq ft of finished l...	3 beds \| 2 baths \| 1,958 sq.ft.	$189,900	Airbnb cash on cash: 9.11% Traditional cash on cash: 9.3% Airbnb Rental Income: $2991 Traditional Rental Income: $2338 Airbnb ROI: 9.11% Traditional ROI: 9.3%
4109 Marryat Street Springfield, IL Great home and location. Open Concept offering 3 bedrooms, 2 full baths plus a deck and ...	3 beds \| 2 baths \| 1,355 sq.ft.	$176,900	Airbnb cash on cash: 9.6% Traditional cash on cash: 6.63% Airbnb Rental Income: $2930 Traditional Rental Income: $1752 Airbnb ROI: 9.6% Traditional ROI: 6.63%
4109 Marryat Drive Springfield, IL Great open concept home in a great location. Fenced yard and deck.	3 beds \| 2 baths \| 1,355 sq.ft.	$176,900	Airbnb cash on cash: 9.6% Traditional cash on cash: 4.49% Airbnb Rental Income: $2930 Traditional Rental Income: $1392 Airbnb ROI: 9.6% Traditional ROI: 4.49%
2807 Cronin Drive Springfield, IL Great income producing property on Springfield Westside. 2 Bed 2 Bath with 2 car garage. S...	2 beds \| 2 baths \| 1,381 sq.ft.	$195,000	Airbnb cash on cash: 5.52% Traditional cash on cash: 5.68% Airbnb Rental Income: $2305 Traditional Rental Income: $1761 Airbnb ROI: 5.52% Traditional ROI: 5.68%
5226 Verdant Lane Springfield, IL Expect to be impressed with this beautiful newly constructed 3 bedroom 3 full bath duplex ...	3 beds \| 3 baths \| 2,939 sq.ft.	$459,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 2.86% Airbnb Rental Income: $2930 Traditional Rental Income: $2723 Airbnb ROI: 1.77% Traditional ROI: 2.86%
3217 Eagle Watch Drive Springfield, IL Looking for a beautifully updated condominium in popular Panther Creek overlooking the 18t...	3 beds \| 4 baths \| 3,895 sq.ft.	$399,900	Airbnb cash on cash: 3.22% Traditional cash on cash: 5.64% Airbnb Rental Income: $2991 Traditional Rental Income: $3213 Airbnb ROI: 3.22% Traditional ROI: 5.64%
1523 Willemore Avenue Springfield, IL Rare Opportunity on quite short South Willemore Avenueâ come check out this beautiful 3-...	3 beds \| 3 baths \| 3,103 sq.ft.	$429,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.12% Airbnb Rental Income: $2605 Traditional Rental Income: $2667 Airbnb ROI: 1.42% Traditional ROI: 3.12%
2800 Via Rosso Street #635 Springfield, IL Lovely home with no carpet! Primary bath has walk in shower with large seat, second bath h...	3 beds \| 2 baths \| N/A	$179,900	Airbnb cash on cash: 9.64% Traditional cash on cash: 10.9% Airbnb Rental Income: $2544 Traditional Rental Income: $2148 Airbnb ROI: 9.64% Traditional ROI: 10.9%
1617 W LELAND Avenue Springfield, IL One of Springfield's most prestigious addresses is 1617 Leland Avenue. Tucked on a quiet s...	5 beds \| 4 baths \| 5,068 sq.ft.	$775,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.32% Airbnb Rental Income: $3983 Traditional Rental Income: $3910 Airbnb ROI: 1.24% Traditional ROI: 2.32%
5224 Verdant Lane Springfield, IL Expect to be impressed with this beautiful newly constructed 3 bedroom 3 full bath with 2 ...	3 beds \| 3 baths \| 2,929 sq.ft.	$439,900	Airbnb cash on cash: 2% Traditional cash on cash: 3.14% Airbnb Rental Income: $2930 Traditional Rental Income: $2723 Airbnb ROI: 2% Traditional ROI: 3.14%
1314 S Lowell Avenue Springfield, IL One-of-a kind home on the boulevard in desirable Historic Hawthorne Place - a gem of a nei...	4 beds \| 3 baths \| 2,360 sq.ft.	$249,900	Airbnb cash on cash: 9.97% Traditional cash on cash: 9.61% Airbnb Rental Income: $3842 Traditional Rental Income: $2927 Airbnb ROI: 9.97% Traditional ROI: 9.61%
3281 Pet Cemetery Road Springfield, IL Back to nature living your thing? You found it! The kitchen is wonderful-dining area and a...	3 beds \| 2 baths \| 2,266 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $2700 Airbnb ROI: N/A Traditional ROI: 4.89%
2412 Old Beardstown Road Springfield, IL Welcome to your dream home nestled on 5.47 picturesque acres! This stunning 5000 +sq ft re...	5 beds \| 5 baths \| 5,014 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.18% Airbnb Rental Income: $null Traditional Rental Income: $4669 Airbnb ROI: N/A Traditional ROI: 3.18%
3541 Sandwood Drive Springfield, IL Welcome home to this gorgeous 4 bedroom, 2 bath ranch located on the west side! Move-in re...	4 beds \| 2 baths \| 2,628 sq.ft.	$378,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.99% Airbnb Rental Income: $null Traditional Rental Income: $2686 Airbnb ROI: N/A Traditional ROI: 3.99%
1604 HUBBARD Lane Springfield, IL Incredible location in this custom all brick one owner home with over 4500 finished sq ft,...	5 beds \| 4 baths \| 4,517 sq.ft.	$730,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.77% Airbnb Rental Income: $null Traditional Rental Income: $3674 Airbnb ROI: N/A Traditional ROI: 1.77%
2512-2514 Milford Drive Springfield, IL Attention Investors! This spacious two-story side-by-side duplex sits on a large corner lo...	N/A beds \| N/A baths \| 3,312 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.95% Airbnb Rental Income: $null Traditional Rental Income: $1807 Airbnb ROI: N/A Traditional ROI: 3.95%
5828 Hedley Road Springfield, IL Walking distance to Centennial Park with an 11 mile walking trail, along with a wonderful ...	5 beds \| 4 baths \| 4,645 sq.ft.	$710,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $3597 Airbnb ROI: N/A Traditional ROI: 2.44%
30 PROVIDENCE Lane Springfield, IL Welcome to 30 Providence Lane in the sought after Sims Western Acres on Springfields West ...	3 beds \| 2 baths \| 1,360 sq.ft.	$230,000	Airbnb cash on cash: 7.01% Traditional cash on cash: 5.66% Airbnb Rental Income: $2930 Traditional Rental Income: $1960 Airbnb ROI: 7.01% Traditional ROI: 5.66%
1429 W WASHINGTON Street Springfield, IL Discover 1429 W Washington St in Springfield, IL â a beautifully maintained duplex nestl...	N/A beds \| N/A baths \| 2,150 sq.ft.	$142,900	Airbnb cash on cash: 6.75% Traditional cash on cash: 9.97% Airbnb Rental Income: $2029 Traditional Rental Income: $1943 Airbnb ROI: 6.75% Traditional ROI: 9.97%
2512 Soleil Avenue Springfield, IL Lovely home on the west side of Springfield in Colony Park Estates. This spacious ranch ha...	3 beds \| 2 baths \| 2,297 sq.ft.	$335,000	Airbnb cash on cash: 3.86% Traditional cash on cash: 4.15% Airbnb Rental Income: $2969 Traditional Rental Income: $2377 Airbnb ROI: 3.86% Traditional ROI: 4.15%
8 Lansing Drive Springfield, IL This stunning 3-bedroom, 2-bath ranch is ideally situated on the south side of Springfield...	3 beds \| 2 baths \| 2,160 sq.ft.	$278,900	Airbnb cash on cash: 5.39% Traditional cash on cash: 5.52% Airbnb Rental Income: $2991 Traditional Rental Income: $2337 Airbnb ROI: 5.39% Traditional ROI: 5.52%
1630 W Governor Street Springfield, IL This...... is Rose Hill on approximately just under 1/2 acre. Step into the past in this h...	3 beds \| 2 baths \| 2,433 sq.ft.	$210,000	Airbnb cash on cash: 5.94% Traditional cash on cash: 7.83% Airbnb Rental Income: $2605 Traditional Rental Income: $2357 Airbnb ROI: 5.94% Traditional ROI: 7.83%
2019 ELIZABETH Street Springfield, IL Wonderful bungalow only 2 blocks from Illinois State Fairgrounds. HArdwood floors, newer w...	2 beds \| 1 baths \| 1,120 sq.ft.	$125,000	Airbnb cash on cash: 9.03% Traditional cash on cash: 10.78% Airbnb Rental Income: $1990 Traditional Rental Income: $1680 Airbnb ROI: 9.03% Traditional ROI: 10.78%
83 COUNTRY Place Springfield, IL Welcome to this charming 3-bedroom, 2.5-bathroom townhome in the sought-after Country Plac...	3 beds \| 3 baths \| 1,700 sq.ft.	$163,000	Airbnb cash on cash: 9.27% Traditional cash on cash: 10.72% Airbnb Rental Income: $2566 Traditional Rental Income: $2174 Airbnb ROI: 9.27% Traditional ROI: 10.72%
822 N OAKLANE Road Springfield, IL Looking for a premier property with plenty of game and fishing? Check this once in a lifet...	3 beds \| 2 baths \| 2,308 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $2639 Airbnb ROI: N/A Traditional ROI: 4.55%
405 S Five Forks Drive Springfield, IL What can I say, extremely clean and well taken care of by the present owner. Many updates ...	3 beds \| 2 baths \| 2,681 sq.ft.	$299,900	Airbnb cash on cash: 5.12% Traditional cash on cash: 5.76% Airbnb Rental Income: $2930 Traditional Rental Income: $2434 Airbnb ROI: 5.12% Traditional ROI: 5.76%
6409 McIntosh Court Springfield, IL Expect to be impressed in this NEW construction stunner! Situated on a generous cul-de-sac...	4 beds \| 3 baths \| 2,713 sq.ft.	$499,900	Airbnb cash on cash: 4.8% Traditional cash on cash: 4.41% Airbnb Rental Income: $3763 Traditional Rental Income: $2766 Airbnb ROI: 4.8% Traditional ROI: 4.41%
2316 Mariners Point Lane Springfield, IL This beautiful custom home features a stunning kitchen equipped with an island, breakfast ...	4 beds \| 4 baths \| 4,119 sq.ft.	$495,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 4.31% Airbnb Rental Income: $4138 Traditional Rental Income: $3431 Airbnb ROI: 3.94% Traditional ROI: 4.31%

Real Estate investment in Springfield, IL

There are 56 properties for sale in the city of Springfield . The median list price in Springfield is $149,000 and the average price per square foot is $68. In December 2024, the average monthly cash on cash return in Springfield is 9.00%. The average monthly rental income in Springfield is $1,922.

Springfield, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 56 investment properties available for sale in Springfield.

In 2024, the best neighborhood to buy investment property is Oak Ridge.

The ROI for Long-Term is higher than the Short-Term in Springfield with average rental income of $1,922.

Your search for investment property begins and ends here

Investment Property for Sale in Springfield, IL

2551 E LAKE SHORE Drive

Springfield, IL

4 beds | 4 baths | 4,055 sq.ft.

$487,700

Airbnb cash on cash: N/A

Traditional cash on cash: 4.83%

Airbnb Rental Income: $null

Traditional Rental Income: $3620

Airbnb ROI: N/A

Traditional ROI: 4.83%

935 W WASHINGTON Street

Springfield, IL

N/A beds | N/A baths | 1,676 sq.ft.

$128,400

Airbnb cash on cash: 8.22%

Traditional cash on cash: 11.34%

Airbnb Rental Income: $2029

Traditional Rental Income: $1888

Airbnb ROI: 8.22%

Traditional ROI: 11.34%

3224 S SPRING Street

Springfield, IL

2 beds | 1 baths | 917 sq.ft.

$110,500

Airbnb cash on cash: 9.18%

Traditional cash on cash: 10.8%

Airbnb Rental Income: $1906

Traditional Rental Income: $1572

Airbnb ROI: 9.18%

Traditional ROI: 10.8%

122 N PARKER Avenue

Springfield, IL

N/A beds | N/A baths | 7,800 sq.ft.

$599,900

Airbnb cash on cash: -0.62%

Traditional cash on cash: -0.71%

Airbnb Rental Income: $2029

Traditional Rental Income: $1451

Airbnb ROI: -0.62%

Traditional ROI: -0.71%

821 Kenyon Drive

Springfield, IL

4 beds | 2 baths | 2,270 sq.ft.

$249,900

Airbnb cash on cash: 9.69%

Traditional cash on cash: 7.04%

Airbnb Rental Income: $3912

Traditional Rental Income: $2445

Airbnb ROI: 9.69%

Traditional ROI: 7.04%

2 Vivian Lane

Springfield, IL

4 beds | 2 baths | 2,014 sq.ft.

$200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2306

Airbnb ROI: N/A

Traditional ROI: 8.33%

318 S STATE Street

Springfield, IL

N/A beds | N/A baths | 2,843 sq.ft.

$185,000

Airbnb cash on cash: 5.79%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $2029

Traditional Rental Income: $1210

Airbnb ROI: 5.79%

Traditional ROI: 4.13%

155 N MACARTHUR

Springfield, IL

N/A beds | N/A baths | 2,867 sq.ft.

$145,000

Airbnb cash on cash: 7%

Traditional cash on cash: 8.64%

Airbnb Rental Income: $2029

Traditional Rental Income: $1730

Airbnb ROI: 7%