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%
2131 GREENBRIAR Road Springfield, IL Check out this absolutely stunning and completely refreshed charmer, in the highly desired...	3 beds \| 2 baths \| 2,057 sq.ft.	$280,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 5.78% Airbnb Rental Income: $2969 Traditional Rental Income: $2383 Airbnb ROI: 5.4% Traditional ROI: 5.78%
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.	$129,900	Airbnb cash on cash: 8.11% Traditional cash on cash: 11.2% Airbnb Rental Income: $2029 Traditional Rental Income: $1888 Airbnb ROI: 8.11% Traditional ROI: 11.2%
1130 Rantoul Street Springfield, IL This charming brick cape cod is truly a gem of the neighborhood. Nestled on a half-acre, b...	4 beds \| 3 baths \| 2,113 sq.ft.	$379,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 3.75% Airbnb Rental Income: $3912 Traditional Rental Income: $2433 Airbnb ROI: 5.55% Traditional ROI: 3.75%
308 Old Tippecanoe Drive Springfield, IL Welcome to Springfield's West side, nestled within the sought-after Pleasant Plains school...	4 beds \| 4 baths \| 3,817 sq.ft.	$339,100	Airbnb cash on cash: 6.01% Traditional cash on cash: 8.24% Airbnb Rental Income: $3718 Traditional Rental Income: $3621 Airbnb ROI: 6.01% Traditional ROI: 8.24%
1524 W COOK Street Springfield, IL Welcome to 1524 W. Cook St in the heart of Springfield. This picturesque all brick 3 bed ...	3 beds \| 2 baths \| 1,640 sq.ft.	$154,900	Airbnb cash on cash: 9.86% Traditional cash on cash: 11.59% Airbnb Rental Income: $2605 Traditional Rental Income: $2237 Airbnb ROI: 9.86% Traditional ROI: 11.59%
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%
3516 Glengate Drive Springfield, IL Stunning Ranch Retreat, Experience the ultimate in comfort and style in this expansive spl...	5 beds \| 3 baths \| 3,310 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $2927 Airbnb ROI: N/A Traditional ROI: 4.79%
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%
3436 S SPRING Street Springfield, IL Check out this newly remodeled ranch home at the end of a quiet & well-maintained street i...	3 beds \| 1 baths \| 1,392 sq.ft.	$175,000	Airbnb cash on cash: 8.26% Traditional cash on cash: 3.45% Airbnb Rental Income: $2566 Traditional Rental Income: $1148 Airbnb ROI: 8.26% Traditional ROI: 3.45%
17 LAKEWIND Drive Springfield, IL Welcome home to this move in ready all brick 3 bedroom 2.5 bath home in Springfield with C...	3 beds \| 3 baths \| 1,784 sq.ft.	$225,000	Airbnb cash on cash: 7.27% Traditional cash on cash: 6.94% Airbnb Rental Income: $2991 Traditional Rental Income: $2234 Airbnb ROI: 7.27% Traditional ROI: 6.94%
2 Beacon Ridge Drive Springfield, IL Welcome to your dream! This beautifully renovated ranch style home is a true gem, nestled ...	4 beds \| 3 baths \| 3,227 sq.ft.	$379,000	Airbnb cash on cash: 5.54% Traditional cash on cash: 5.65% Airbnb Rental Income: $3718 Traditional Rental Income: $2947 Airbnb ROI: 5.54% Traditional ROI: 5.65%
318 S STATE Street Springfield, IL Don't miss out on this like brand new triplex with great cash flow. New 50 year roof, plum...	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%
1623 Woodmore Drive Springfield, IL You're sure to love this well-maintained West Side home in desirable Thornhill Subdivision...	2 beds \| 2 baths \| 1,513 sq.ft.	$225,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 5.67% Airbnb Rental Income: $2337 Traditional Rental Income: $1878 Airbnb ROI: 5.11% Traditional ROI: 5.67%
3128 Huntington Woods Drive #H Springfield, IL Renovated to perfection from top to bottom and showcasing gorgeous lake views from the exp...	2 beds \| 2 baths \| 1,450 sq.ft.	$200,000	Airbnb cash on cash: 4.65% Traditional cash on cash: 4.61% Airbnb Rental Income: $2146 Traditional Rental Income: $1592 Airbnb ROI: 4.65% Traditional ROI: 4.61%
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%
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.	$199,000	Airbnb cash on cash: 8.66% Traditional cash on cash: 8.84% Airbnb Rental Income: $2991 Traditional Rental Income: $2338 Airbnb ROI: 8.66% Traditional ROI: 8.84%
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%
3607 LANCASTER Road Springfield, IL Nice ranch home on a quiet street in popular Laketown subdivision. Main floor features a l...	2 beds \| 1 baths \| 956 sq.ft.	$115,000	Airbnb cash on cash: 8.28% Traditional cash on cash: 10.53% Airbnb Rental Income: $1819 Traditional Rental Income: $1577 Airbnb ROI: 8.28% Traditional ROI: 10.53%
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%
1608 S Wiggins Avenue Springfield, IL What a rare find in this luxury home at one of the most prestigious historic addresses on ...	4 beds \| 5 baths \| 6,022 sq.ft.	$1,120,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.27% Airbnb Rental Income: $3912 Traditional Rental Income: $4751 Airbnb ROI: -0.34% Traditional ROI: 1.27%
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%
2004 W LAUREL Street Springfield, IL Discovery the epitome of Mid-Century Modern living in this 4 bed, 4 full bath newer custom...	4 beds \| 4 baths \| 3,952 sq.ft.	$574,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 4.21% Airbnb Rental Income: $3912 Traditional Rental Income: $3597 Airbnb ROI: 3.23% Traditional ROI: 4.21%
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.	$424,500	Airbnb cash on cash: 2.98% Traditional cash on cash: 5.26% Airbnb Rental Income: $2991 Traditional Rental Income: $3213 Airbnb ROI: 2.98% Traditional ROI: 5.26%
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%
101 Timberridge Drive Springfield, IL This beautiful home features a mostly open floor plan with a large living room opening up ...	2 beds \| 3 baths \| 3,789 sq.ft.	$379,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.24% Airbnb Rental Income: $2146 Traditional Rental Income: $2382 Airbnb ROI: 1.04% Traditional ROI: 3.24%
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%
2101 Checkerberry Lane Springfield, IL Expect to be impressed with this beautiful 3 bedroom 2 full bath ranch in convenient west ...	3 beds \| 2 baths \| 1,886 sq.ft.	$300,000	Airbnb cash on cash: 4.14% Traditional cash on cash: 4.57% Airbnb Rental Income: $2691 Traditional Rental Income: $2174 Airbnb ROI: 4.14% Traditional ROI: 4.57%
26 PINE TREE Drive Springfield, IL Incredible find on wooded lot in the heart of Leland Grove. 26 Pine Tree Dr offers quiet c...	3 beds \| 3 baths \| 2,585 sq.ft.	$325,000	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.97% Airbnb Rental Income: $2605 Traditional Rental Income: $2564 Airbnb ROI: 2.07% Traditional ROI: 3.97%
1700 S DOUGLAS Street Springfield, IL Excellent location, presently a duplex could be a single-family home, 2-bedroom apartment ...	N/A beds \| N/A baths \| 1,939 sq.ft.	$185,900	Airbnb cash on cash: 4.54% Traditional cash on cash: 6.27% Airbnb Rental Income: $2029 Traditional Rental Income: $1808 Airbnb ROI: 4.54% Traditional ROI: 6.27%
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.	$800,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.22% Airbnb Rental Income: $3983 Traditional Rental Income: $3910 Airbnb ROI: 1.17% Traditional ROI: 2.22%
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%
2510 E Keys Avenue Springfield, IL Great investment opportunity. This is newly renovated two-story duplex and has undergone e...	N/A beds \| N/A baths \| 1,775 sq.ft.	$125,500	Airbnb cash on cash: 8.71% Traditional cash on cash: 10.76% Airbnb Rental Income: $2029 Traditional Rental Income: $1749 Airbnb ROI: 8.71% Traditional ROI: 10.76%
1701 CATHERINE Court Springfield, IL Welcome to 1701 Catherine Court in sought after Tara Hill nestled in the heart of Springfi...	4 beds \| 5 baths \| 5,015 sq.ft.	$995,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.76% Airbnb Rental Income: $null Traditional Rental Income: $4627 Airbnb ROI: N/A Traditional ROI: 1.76%

Real Estate investment in Springfield, IL

There are 78 properties for sale in the city of Springfield . The median list price in Springfield is $164,450 and the average price per square foot is $79. In November 2024, the average monthly cash on cash return in Springfield is 10.00%. The average monthly rental income in Springfield is $2,068.

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

There are 78 investment properties available for sale in Springfield.

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

The ROI for Short-Term is higher than the Long-Term in Springfield with average rental income of $2,566.

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%

2131 GREENBRIAR Road

Springfield, IL

3 beds | 2 baths | 2,057 sq.ft.

$280,000

Airbnb cash on cash: 5.4%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $2969

Traditional Rental Income: $2383

Airbnb ROI: 5.4%

Traditional ROI: 5.78%

935 W WASHINGTON Street

Springfield, IL

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

$129,900

Airbnb cash on cash: 8.11%

Traditional cash on cash: 11.2%

Airbnb Rental Income: $2029

Traditional Rental Income: $1888

Airbnb ROI: 8.11%

Traditional ROI: 11.2%

1130 Rantoul Street

Springfield, IL

4 beds | 3 baths | 2,113 sq.ft.

$379,000

Airbnb cash on cash: 5.55%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $3912

Traditional Rental Income: $2433

Airbnb ROI: 5.55%

Traditional ROI: 3.75%

308 Old Tippecanoe Drive

Springfield, IL

4 beds | 4 baths | 3,817 sq.ft.

$339,100

Airbnb cash on cash: 6.01%

Traditional cash on cash: 8.24%

Airbnb Rental Income: $3718

Traditional Rental Income: $3621

Airbnb ROI: 6.01%

Traditional ROI: 8.24%

1524 W COOK Street

Springfield, IL

3 beds | 2 baths | 1,640 sq.ft.

$154,900

Airbnb cash on cash: 9.86%

Traditional cash on cash: 11.59%

Airbnb Rental Income: $2605

Traditional Rental Income: $2237

Airbnb ROI: 9.86%

Traditional ROI: 11.59%

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%