As the capital city of the Prairie State, Springfield, Illinois might not be the first place that comes to mind for real estate investment. However, Springfield offers many advantages that make it a sound option for savvy investors. When compared to national averages and even some Midwestern metros, Springfield is highly affordable.
And, even though Springfield's history is intertwined with state government, the city's economy has diversified in recent years. Major employers include HSHS Saint John's Hospital and insurance companies like Horace Mann Educators Corporation create a stable job market, resulting in a consistent pool of potential tenants and a lower risk of vacancy.
Areas like Brookside Village or The Gables feature well-maintained single-family homes and a family-friendly environment. Currently revitalizing its downtown with museums like the Abraham Lincoln Presidential Library and Museum, the city attracts tourists and fosters a vibrant atmosphere. With a long-term perspective, investors can benefit from Springfield's potential to solidify its position as a cultural and economic center within the state.
Popular Streets in Springfield, Illinois
11th St59521$75,5241,339 Sq.Ft.5/13/202514th St57231$69,8651,212 Sq.Ft.5/1/20252nd St53132$125,0421,934 Sq.Ft.5/15/20254th St78432$117,4391,629 Sq.Ft.6/10/20255th St76132$123,4762,185 Sq.Ft.5/29/20256th St65032$123,0182,078 Sq.Ft.5/22/20257th St56422$110,5961,937 Sq.Ft.5/23/20258th St53832$101,1081,559 Sq.Ft.5/25/2025Grand Ave54732$164,8612,169 Sq.Ft.5/15/2025Walnut St55932$140,2371,749 Sq.Ft.5/27/2025All Streets in Springfield, Illinois
Mariners Point Ln1144$513,9094,397 Sq.Ft.1/3/2025Marketplace Dr2N/AN/AN/AN/A5/24/2022Markwood Ln3143$409,7103,487 Sq.Ft.12/17/2024Marland St7532$147,2271,510 Sq.Ft.3/28/2025Marquette Rd1942$239,4622,013 Sq.Ft.1/12/2024Marryat Dr5132$234,9411,679 Sq.Ft.12/26/2024Mars Ave3831$115,1621,206 Sq.Ft.5/21/2025Marshall Ct744$276,1432,557 Sq.Ft.2/12/2021Martin Luther King Jr Dr17221$55,881836 Sq.Ft.6/10/2025Maryknoll Pl733$737,7143,653 Sq.Ft.8/7/2024Maryland Ave2532$77,4801,321 Sq.Ft.11/5/2024Mascouten Dr633$258,1673,323 Sq.Ft.3/9/2023Mashie Ct2533$366,6802,604 Sq.Ft.5/24/2024Mason St14832$84,9211,324 Sq.Ft.2/24/2025Matheny Ave5331$64,4101,193 Sq.Ft.1/22/2025Mathers Rd9N/AN/A$314,000N/A3/26/2024Mathews St1111$90,444675 Sq.Ft.10/18/2021Maureen Ct2032$159,3001,455 Sq.Ft.3/6/2024Maurice Werner Dr11N/AN/A$190,500N/A4/17/2015Mayden2733$168,5831,920 Sq.Ft.5/13/2025Mayfair Rd2132$179,6671,644 Sq.Ft.6/7/2024Mayflower Blvd6N/AN/AN/A25,333 Sq.Ft.10/30/2018Mazon Ct643$459,8002,978 Sq.Ft.5/13/2022Mccarthy Dr1432$187,1431,244 Sq.Ft.8/1/2024Mcclernand Ave621$91,5001,146 Sq.Ft.8/20/2024Mcconnell Ct431$152,7501,723 Sq.Ft.5/15/2024Mccormick Dr3232$164,9061,544 Sq.Ft.4/23/2024Mccreery Ave7N/AN/A$120,000N/A9/7/2021Mcgregor Ln1533$261,0002,262 Sq.Ft.12/17/2024Mcintosh Ct1743$284,5292,865 Sq.Ft.5/23/2025Mckibbin Ln642$363,3332,438 Sq.Ft.3/10/2021Mckinnie Rd1042$240,5001,931 Sq.Ft.8/2/2023Mclean Ln932$185,0001,756 Sq.Ft.4/11/2024Mead832$197,6671,684 Sq.Ft.9/5/2024Meadowbrook Rd13132$302,7932,161 Sq.Ft.5/23/2025Meadowlark Ln4532$153,1821,572 Sq.Ft.2/19/2025Meadow Pointe Dr1733$321,1332,760 Sq.Ft.7/12/2024Meadow Rue Dr1043$413,9003,202 Sq.Ft.11/10/2021Mechanicsburg Rd12332$244,4612,165 Sq.Ft.11/12/2024Melissa Dr944$414,1254,981 Sq.Ft.9/25/2020Melody Ln4131$107,1751,092 Sq.Ft.11/6/2024Melrose St8921$88,9791,027 Sq.Ft.11/25/2024Memory Ln1243$355,4173,053 Sq.Ft.1/26/2018Memphis Rd23N/AN/AN/AN/A10/13/2015Mercantile Dr5N/AN/AN/AN/A1/21/2013Meridian St1132$102,6361,289 Sq.Ft.1/28/2025Merion Dr433$326,2503,166 Sq.Ft.5/4/2018Merrimac Dr1132$235,8182,148 Sq.Ft.1/8/2024Merrymen Ln1332$226,9231,700 Sq.Ft.6/15/2022Mesa Rd5532$196,1302,115 Sq.Ft.10/21/2024Messina Dr532$217,7501,459 Sq.Ft.5/12/2022Miami Trl1433$200,6921,677 Sq.Ft.9/11/2024Michael Ct2N/AN/A$119,500N/A12/13/2010Michigan Ave1431$78,8891,170 Sq.Ft.8/1/2023Midland Ct3431$113,9411,198 Sq.Ft.2/25/2025Milan Rd533$208,4001,927 Sq.Ft.6/24/2021Mildred Ct2132$242,6671,552 Sq.Ft.5/16/2025Milford Rd1442$235,8462,759 Sq.Ft.12/27/2024Mill Bank Ln1443$352,6153,437 Sq.Ft.6/29/2017Miller Rd1N/AN/AN/AN/A11/25/2014Miller St16831$82,5746,281 Sq.Ft.8/20/2024Mill Point Ct1543$323,0002,639 Sq.Ft.4/16/2025Mill Stone Dr3143$384,8973,090 Sq.Ft.3/21/2023Mill Vly3N/AN/A$389,000N/A5/1/2019Milton Ave15632$127,2311,485 Sq.Ft.1/28/2025Minot St231$126,500932 Sq.Ft.11/7/2023Mischler Rd2N/AN/AN/AN/AN/AMissionary Ridge Dr2743$292,1482,428 Sq.Ft.12/4/2020Mitchell Dr7N/AN/AN/A94,244 Sq.Ft.2/4/2021Mitts Rd12N/AN/A$261,000N/A12/27/2012Mizeur Ln3N/AN/A$244,500N/A5/4/2001Moffat Ave5021$53,3331,212 Sq.Ft.3/7/2025Monica Ct1332$136,0771,680 Sq.Ft.8/11/2022Monica Ln2032$128,4501,904 Sq.Ft.3/14/2025Monmouth Ct895$253,8002,800 Sq.Ft.12/27/2022Monroe St47531$98,8251,711 Sq.Ft.5/12/2025Montague Dr843$322,0002,268 Sq.Ft.12/20/2024Montaluma Ct2N/AN/AN/AN/A9/21/2015Montaluma Dr2N/AN/AN/AN/A10/27/2023Montana Dr3022$233,7862,504 Sq.Ft.4/15/2024Montavista Pt1N/AN/AN/AN/A10/27/2023Montclair Dr2033$247,2112,422 Sq.Ft.6/30/2023Monteford Ct1932$252,3891,832 Sq.Ft.5/1/2025Montega Dr1032$247,1251,832 Sq.Ft.9/11/2024Monterey Dr833$322,1252,610 Sq.Ft.7/8/2024Montgomery Ln1931$64,7891,042 Sq.Ft.11/22/2024Montrose Ct1132$265,0913,582 Sq.Ft.4/19/2024Montvale Dr24N/AN/AN/A2,992 Sq.Ft.8/18/2022Monument Ave5331$100,4751,555 Sq.Ft.10/17/2024Moore Rd5143$351,2502,275 Sq.Ft.12/4/2023Moorgate Dr3331$150,0911,531 Sq.Ft.2/19/2025Morgan St5422$99,4741,682 Sq.Ft.4/30/2025Morning Sun Ln1254$505,0833,860 Sq.Ft.9/27/2013Morton Ave1542$98,5001,161 Sq.Ft.4/20/2020Mossman Ave3031$117,3791,303 Sq.Ft.12/17/2024Mountain View Dr3043$370,6332,728 Sq.Ft.9/26/2023Mountcastle Rd4N/AN/A$142,500N/A7/1/2023Mt Zion School Rd1232$375,8752,140 Sq.Ft.8/18/2020Muirfield Rd2744$588,3914,000 Sq.Ft.1/8/2024Murre Dr1N/AN/A$240,000N/A2/29/200832W634 Oak Lawn Farm RdWayne, IL 60184
Estimated Value $1,269,000
Living Area 8,319 SqFt
Beds 4
Baths 5.5
Year Built 2003
Property Type Single Family
Ownership Type Trust
APN 01-18-105-003
Subdivision Dunham North Unit 1
School District School District U-46
1782 Dyer DrBartlett, IL 60103
Estimated Value $490,000
Living Area 3,695 SqFt
Beds 4
Baths 2.5
Year Built 2004
Property Type Single Family
Ownership Type Individual
APN 06-32-304-003-0000
Subdivision Lakewood Mill
School District School District U-46
1067 Atterberg RdSouth Elgin, IL 60177
Estimated Value $358,000
Living Area 2,079 SqFt
Beds 3
Baths 2.5
Year Built 2023
Property Type Recreational Vacant Land
Ownership Type Individual
APN 06-36-402-009
Subdivision Park Pointe Planned Development
5N732 Rochefort LnWayne, IL 60184
Estimated Value $283,000
Living Area 2,993 SqFt
Beds 4
Baths 3
Year Built 1950
Property Type Single Family
Ownership Type Related
APN 01-18-106-011
Subdivision Dunham North Units No 3 & No 4
School District School District U-46
5N520 Guild LnWayne, IL 60184
Estimated Value $459,000
Living Area 1,326 SqFt
Beds 3
Baths 1.5
Year Built 1958
Property Type Single Family
Ownership Type Multiple
APN 01-18-208-006
Subdivision Guilds Sub
School District School District U-46
33W061 Rochefort LnWayne, IL 60184
Estimated Value $1,001,000
Living Area 5,097 SqFt
Beds 4
Baths 1.5
Year Built 2000
Property Type Single Family
Ownership Type Individual
APN 09-12-400-038
Subdivision Dunham Trails
School District School District U-46
33W370 Woodmere LnWayne, IL 60184
Estimated Value $918,000
Living Area 2,872 SqFt
Beds 3
Baths 1.5
Year Built 1945
Property Type Single Family
Ownership Type Trust
APN 09-12-200-008
Municipality SAINT CHARLES
School District School District U-46
32W440 Derby RdWayne, IL 60184
Estimated Value $930,000
Living Area 5,323 SqFt
Beds 4
Baths 4.5
Year Built 1968
Property Type Single Family
Ownership Type Multiple
APN 01-18-102-022
Subdivision Dunhams Inc Assmt Plat
School District School District U-46
228 Primrose LnBartlett, IL 60103
Estimated Value $627,000
Living Area 4,094 SqFt
Beds 4
Baths 3.5
Year Built 2005
Property Type Single Family
Ownership Type Individual
APN 06-31-203-042-0000
Subdivision Herons Lndg 01
School District School District U-46
234 Cummings DrBartlett, IL 60103
Estimated Value $411,000
Living Area 1,772 SqFt
Beds 4
Baths 2.5
Year Built 1996
Property Type Single Family
Ownership Type Individual
APN 06-31-308-020-0000
Subdivision Westridge/Bartlett 02
School District School District U-46
1650 Deer Pointe DrSouth Elgin, IL 60177
Estimated Value $358,000
Living Area 2,175 SqFt
Beds 3
Baths 2.5
Year Built 2018
Property Type Single Family
Ownership Type Related
APN 06-25-177-080
Subdivision Prairie Pointe Sub
School District School District U-46
672 E Main StSouth Elgin, IL 60177
Estimated Value $282,000
Living Area 828 SqFt
Beds 3
Baths 2
Year Built 1973
Property Type Single Family
Ownership Type Related
APN 06-35-226-011
Subdivision J P Corrons Addn
School District School District U-46
33W191 Dunham CtWayne, IL 60184
Estimated Value $886,000
Living Area 2,240 SqFt
Beds 2
Baths 1
Year Built 1999
Property Type Single Family
Ownership Type Individual
APN 09-13-200-045
Subdivision Dunham Trails
School District School District U-46
138 Fieldcrest DrBartlett, IL 60103
Estimated Value $469,000
Living Area 1,933 SqFt
Beds 4
Baths 2.5
Year Built 2004
Property Type Single Family
Ownership Type Multiple
APN 06-31-314-010-0000
Subdivision Bartlett Pointe 02
School District School District U-46
5N884 Dunham Trails RdWayne, IL 60184
Estimated Value $774,000
Living Area 3,634 SqFt
Beds 4
Baths 2.5
Year Built 1987
Property Type Single Family
Ownership Type Individual
APN 09-13-200-032
Subdivision Dunham Trails
School District School District U-46
6N977 Brewster Creek CirWayne, IL 60184
Estimated Value $748,000
Living Area 3,024 SqFt
Beds 4
Baths 3.5
Year Built 1998
Property Type Single Family
Ownership Type Related
APN 09-12-100-034
Municipality SAINT CHARLES
School District School District U-46