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
1928 S PARK Avenue Springfield, IL Welcoming all with a cute covered front porch & mature, tree-shaded views, this Leland Gro...	4 beds \| 2 baths \| 1,935 sq.ft.	$245,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 7.35% Airbnb Rental Income: $2376 Traditional Rental Income: $2377 Airbnb ROI: 4.82% Traditional ROI: 7.35%
1915 N 6TH Street Springfield, IL Just blocks from Lincoln Park is where you'll find this totally renovated stunner of a hom...	3 beds \| 2 baths \| 1,625 sq.ft.	$190,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 7.46% Airbnb Rental Income: $1921 Traditional Rental Income: $2016 Airbnb ROI: 4.11% Traditional ROI: 7.46%
1512 S STATE Street Springfield, IL Charming and move-in ready, this bungalow is conveniently located and full of updates youâ...	2 beds \| 1 baths \| 814 sq.ft.	$109,900	Airbnb cash on cash: 6.63% Traditional cash on cash: 7.09% Airbnb Rental Income: $1611 Traditional Rental Income: $1202 Airbnb ROI: 6.63% Traditional ROI: 7.09%
2508 Muirfield Road Springfield, IL Picture yourself in this stunning 2-story home on Piper Glen's 14th fairway in Chatham Sch...	4 beds \| 5 baths \| 5,334 sq.ft.	$629,900	Airbnb cash on cash: -1.11% Traditional cash on cash: 4.06% Airbnb Rental Income: $2053 Traditional Rental Income: $4565 Airbnb ROI: -1.11% Traditional ROI: 4.06%
1937 Pickett Street Springfield, IL Nicely updated home in Laketown with NEW roof, siding, paint, carpet, fixtures and more! ...	3 beds \| 2 baths \| 1,477 sq.ft.	$170,000	Airbnb cash on cash: 8.27% Traditional cash on cash: 9.02% Airbnb Rental Income: $2309 Traditional Rental Income: $1857 Airbnb ROI: 8.27% Traditional ROI: 9.02%
105 Timberridge Drive Springfield, IL This is a MUST SEE! Well built all brick beautifully updated condo in The Timbers. Home ...	3 beds \| 3 baths \| 4,136 sq.ft.	$349,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 3.82% Airbnb Rental Income: $1921 Traditional Rental Income: $2379 Airbnb ROI: 0.88% Traditional ROI: 3.82%
826 S WALNUT Street Springfield, IL Fully occupied 4-unit property on large corner lot in prime central location with each ind...	N/A beds \| N/A baths \| 2,415 sq.ft.	$169,900	Airbnb cash on cash: 2.7% Traditional cash on cash: 6.84% Airbnb Rental Income: $1475 Traditional Rental Income: $1711 Airbnb ROI: 2.7% Traditional ROI: 6.84%
1920 Wiggins Avenue Springfield, IL An iconic Leland Grove gem where timeless elegance meets modern function across two treeli...	4 beds \| 5 baths \| 5,874 sq.ft.	$799,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.79% Airbnb Rental Income: $2376 Traditional Rental Income: $4692 Airbnb ROI: -1.11% Traditional ROI: 2.79%
6209 MACKENZIE Place Springfield, IL Welcome home to this sprawling 4 bedroom, 3.5 bathroom split floorplan ranch with a walk-o...	4 beds \| 4 baths \| 4,894 sq.ft.	$595,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 2.89% Airbnb Rental Income: $2053 Traditional Rental Income: $3457 Airbnb ROI: -0.59% Traditional ROI: 2.89%
629 W WASHINGTON Street Springfield, IL This centrally located 6 unit complex is currently sitting at full occupancy, and very rar...	N/A beds \| N/A baths \| 3,300 sq.ft.	$350,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 1.29% Airbnb Rental Income: $1475 Traditional Rental Income: $1759 Airbnb ROI: -0.9% Traditional ROI: 1.29%
1001 GARFIELD Avenue Springfield, IL Charming single-level home, complete with an unfinished basement offering plenty of potent...	2 beds \| 1 baths \| 812 sq.ft.	$115,000	Airbnb cash on cash: 6.81% Traditional cash on cash: 9.51% Airbnb Rental Income: $1636 Traditional Rental Income: $1475 Airbnb ROI: 6.81% Traditional ROI: 9.51%
2501 Kipling Drive Springfield, IL Welcome to a meticulously maintained home in Cobbelstoes Estates. This stunning west side ...	4 beds \| 4 baths \| 4,062 sq.ft.	$489,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 4.16% Airbnb Rental Income: $2232 Traditional Rental Income: $3506 Airbnb ROI: 0.15% Traditional ROI: 4.16%
23 COUNTRY Place Springfield, IL Come see this beautiful move in ready condo at the popular "Country Place". The main floor...	2 beds \| 2 baths \| 1,368 sq.ft.	$124,900	Airbnb cash on cash: 4.71% Traditional cash on cash: 11.57% Airbnb Rental Income: $1403 Traditional Rental Income: $1805 Airbnb ROI: 4.71% Traditional ROI: 11.57%
2040 N 22ND Street Springfield, IL This cozy 1.5-story home is conveniently located near all the great amenities the North En...	2 beds \| 1 baths \| 1,252 sq.ft.	$95,000	Airbnb cash on cash: 7.2% Traditional cash on cash: 11.76% Airbnb Rental Income: $1542 Traditional Rental Income: $1519 Airbnb ROI: 7.2% Traditional ROI: 11.76%
2654 S 7TH Street Springfield, IL This lovely home features many updates and a modern feel throughout! You will love the cha...	2 beds \| 1 baths \| 1,288 sq.ft.	$99,900	Airbnb cash on cash: 5.94% Traditional cash on cash: 11.33% Airbnb Rental Income: $1403 Traditional Rental Income: $1504 Airbnb ROI: 5.94% Traditional ROI: 11.33%
211 W VINE Street Springfield, IL ADORABLE, charming, move-in ready home perfect for first time buyer, downsizer, or for ren...	2 beds \| 1 baths \| 888 sq.ft.	$94,900	Airbnb cash on cash: 9.25% Traditional cash on cash: 11.46% Airbnb Rental Income: $1669 Traditional Rental Income: $1406 Airbnb ROI: 9.25% Traditional ROI: 11.46%
1042 N 1ST Street Springfield, IL INVESTORS!!! Unit A $853 Unit B $799 Unit C $760 Tenant in Unit C will be mo...	3 beds \| 3 baths \| 1,644 sq.ft.	$130,000	Airbnb cash on cash: 7.87% Traditional cash on cash: 9.98% Airbnb Rental Income: $1934 Traditional Rental Income: $1686 Airbnb ROI: 7.87% Traditional ROI: 9.98%
39 CHEYENNE Drive Springfield, IL Welcome to 39 Cheyenne, a charming 3 bedroom, 2 bath home perfectly situated on a large pr...	3 beds \| 2 baths \| 1,806 sq.ft.	$239,900	Airbnb cash on cash: 4.28% Traditional cash on cash: 5.79% Airbnb Rental Income: $2241 Traditional Rental Income: $2021 Airbnb ROI: 4.28% Traditional ROI: 5.79%
3700 Viking Boulevard Springfield, IL Springfield address and Rochester schools! This well-maintained two-story is ready for new...	3 beds \| 4 baths \| 2,790 sq.ft.	$299,500	Airbnb cash on cash: 2.97% Traditional cash on cash: 7.02% Airbnb Rental Income: $2309 Traditional Rental Income: $2876 Airbnb ROI: 2.97% Traditional ROI: 7.02%
1416 Wood Mill Drive Springfield, IL Welcome to this beautifully maintained 3 bedroom, 2.5 bath home in one of Springfield's mo...	3 beds \| 3 baths \| 2,700 sq.ft.	$309,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 5.09% Airbnb Rental Income: $2280 Traditional Rental Income: $2603 Airbnb ROI: 2.03% Traditional ROI: 5.09%
3205 ASHLEY Lane Springfield, IL This Beautifully done duplex condo is move in ready! A large, 19.10 x15.60 open loft area...	2 beds \| 2 baths \| 1,653 sq.ft.	$210,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 6% Airbnb Rental Income: $2058 Traditional Rental Income: $1970 Airbnb ROI: 3.77% Traditional ROI: 6%
75 MEADOWLARK Lane Springfield, IL Discover an exciting opportunity to own a true Mid-Century Modern gem, perfectly tucked aw...	2 beds \| 1 baths \| 1,134 sq.ft.	$195,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 6.4% Airbnb Rental Income: $1611 Traditional Rental Income: $1764 Airbnb ROI: 3.11% Traditional ROI: 6.4%
4513 BARRINGTON Drive Springfield, IL Just one block from Rotary Park, this Oak Park, move-in ready, 2-story home offers nearly ...	3 beds \| 3 baths \| 2,951 sq.ft.	$329,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 5.07% Airbnb Rental Income: $2241 Traditional Rental Income: $2670 Airbnb ROI: 1.87% Traditional ROI: 5.07%
4505 Blackwolf Road Springfield, IL A rare opportunity on the 7th fairway of Panther Creek, this beautifully renovated 4BR/3.5...	4 beds \| 4 baths \| 4,387 sq.ft.	$600,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.61% Airbnb Rental Income: $2053 Traditional Rental Income: $3514 Airbnb ROI: -0.95% Traditional ROI: 2.61%
2421 ARROWHEAD Drive Springfield, IL Located in a popular neighborhood, this versatile 3-4 bedroom tri-level home offers space ...	3 beds \| 2 baths \| 1,736 sq.ft.	$209,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 4.21% Airbnb Rental Income: $1751 Traditional Rental Income: $1554 Airbnb ROI: 2.79% Traditional ROI: 4.21%
2405 Grom Drive Springfield, IL Get the benefit of Riverton Schools with a Springfield address! Conveniently located just...	3 beds \| 1 baths \| 1,248 sq.ft.	$132,900	Airbnb cash on cash: 6.12% Traditional cash on cash: 6.17% Airbnb Rental Income: $1660 Traditional Rental Income: $1200 Airbnb ROI: 6.12% Traditional ROI: 6.17%
2204 S COLLEGE Street Springfield, IL Move right into this 3 bedroom 2 bath home full of new updates. A covered front porch, cle...	3 beds \| 2 baths \| 1,850 sq.ft.	$154,900	Airbnb cash on cash: 8.32% Traditional cash on cash: 11.27% Airbnb Rental Income: $2324 Traditional Rental Income: $2185 Airbnb ROI: 8.32% Traditional ROI: 11.27%
1004 Bryn Mawr Boulevard Springfield, IL Welcome home to this cozy, adorable all brick home with a park-like yard! From the aesthe...	3 beds \| 2 baths \| 1,312 sq.ft.	$199,900	Airbnb cash on cash: 4.14% Traditional cash on cash: 7.02% Airbnb Rental Income: $1818 Traditional Rental Income: $1872 Airbnb ROI: 4.14% Traditional ROI: 7.02%
209 E SPRUCE Street Springfield, IL This 2-bedroom, 1-bath bungalow offers 982sf of living space. It has recently been refresh...	2 beds \| 1 baths \| 982 sq.ft.	$113,900	Airbnb cash on cash: 7.38% Traditional cash on cash: 9.15% Airbnb Rental Income: $1681 Traditional Rental Income: $1407 Airbnb ROI: 7.38% Traditional ROI: 9.15%
20 LAKEWIND Drive Springfield, IL Parkside Perfection in Springfield â Chatham Schools! Fully Updated Brick Beauty Across ...	3 beds \| 2 baths \| 1,652 sq.ft.	$239,900	Airbnb cash on cash: 4.08% Traditional cash on cash: 6.34% Airbnb Rental Income: $2068 Traditional Rental Income: $2047 Airbnb ROI: 4.08% Traditional ROI: 6.34%
2052 N 20TH Street Springfield, IL Discover your dream home in this beautifully renovated, move-in-ready gem! Nestled in a fr...	3 beds \| 2 baths \| 1,712 sq.ft.	$169,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 6.64% Airbnb Rental Income: $1751 Traditional Rental Income: $1618 Airbnb ROI: 4.49% Traditional ROI: 6.64%
922 - 924 N 4TH Street Springfield, IL ATTENTION INVESTORS!! 1 SINGLE FAMILY HOME & 1 DUPLEX Welcome to 922 & 924 4th Street, a...	3 beds \| 3 baths \| 1,302 sq.ft.	$176,900	Airbnb cash on cash: 6.68% Traditional cash on cash: 7.43% Airbnb Rental Income: $2148 Traditional Rental Income: $1727 Airbnb ROI: 6.68% Traditional ROI: 7.43%
6 COLUMBINE Lane Springfield, IL Spacious ranch on a corner lot! A large foyer welcomes you into this home that is perfect ...	4 beds \| 4 baths \| 3,704 sq.ft.	$290,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 9.3% Airbnb Rental Income: $2491 Traditional Rental Income: $3734 Airbnb ROI: 2.54% Traditional ROI: 9.3%
2608 Sandgate Road Springfield, IL NEW NEW NEW! Welcome to the completely updated 2608 Sandgate in Springfields sought after ...	3 beds \| 2 baths \| 1,585 sq.ft.	$175,000	Airbnb cash on cash: 4.39% Traditional cash on cash: 9.34% Airbnb Rental Income: $1751 Traditional Rental Income: $2096 Airbnb ROI: 4.39% Traditional ROI: 9.34%
3058 TWIN LAKES Drive Springfield, IL Welcome to this charming bi-level home in the desirable Twin Lakes subdivision! Reduce you...	3 beds \| 2 baths \| 1,731 sq.ft.	$225,000	Airbnb cash on cash: 3.29% Traditional cash on cash: 7.46% Airbnb Rental Income: $1933 Traditional Rental Income: $2311 Airbnb ROI: 3.29% Traditional ROI: 7.46%

Real Estate investment in Springfield, IL

There are 236 properties for sale in the city of Springfield . The median list price in Springfield is $179,200 and the average price per square foot is $84. In October 2025, the average monthly cash on cash return in Springfield is 8.00%. The average monthly rental income in Springfield is $2,020.

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

There are 236 investment properties available for sale in Springfield.

In 2025, the best neighborhood to buy investment property is Pioneer Park.

The ROI for Long-Term is higher than the Short-Term in Springfield with average rental income of $2,020.

Your search for investment property begins and ends here

Investment Property for Sale in Springfield, IL

1928 S PARK Avenue

Springfield, IL

4 beds | 2 baths | 1,935 sq.ft.

$245,000

Airbnb cash on cash: 4.82%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $2376

Traditional Rental Income: $2377

Airbnb ROI: 4.82%

Traditional ROI: 7.35%

1915 N 6TH Street

Springfield, IL

3 beds | 2 baths | 1,625 sq.ft.

$190,000

Airbnb cash on cash: 4.11%

Traditional cash on cash: 7.46%

Airbnb Rental Income: $1921

Traditional Rental Income: $2016

Airbnb ROI: 4.11%

Traditional ROI: 7.46%

1512 S STATE Street

Springfield, IL

2 beds | 1 baths | 814 sq.ft.

$109,900

Airbnb cash on cash: 6.63%

Traditional cash on cash: 7.09%

Airbnb Rental Income: $1611

Traditional Rental Income: $1202

Airbnb ROI: 6.63%

Traditional ROI: 7.09%

2508 Muirfield Road

Springfield, IL

4 beds | 5 baths | 5,334 sq.ft.

$629,900

Airbnb cash on cash: -1.11%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $2053

Traditional Rental Income: $4565

Airbnb ROI: -1.11%

Traditional ROI: 4.06%

1937 Pickett Street

Springfield, IL

3 beds | 2 baths | 1,477 sq.ft.

$170,000

Airbnb cash on cash: 8.27%

Traditional cash on cash: 9.02%

Airbnb Rental Income: $2309

Traditional Rental Income: $1857

Airbnb ROI: 8.27%

Traditional ROI: 9.02%

105 Timberridge Drive

Springfield, IL

3 beds | 3 baths | 4,136 sq.ft.

$349,900

Airbnb cash on cash: 0.88%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1921

Traditional Rental Income: $2379

Airbnb ROI: 0.88%

Traditional ROI: 3.82%

826 S WALNUT Street

Springfield, IL

N/A beds | N/A baths | 2,415 sq.ft.

$169,900

Airbnb cash on cash: 2.7%

Traditional cash on cash: 6.84%

Airbnb Rental Income: $1475

Traditional Rental Income: $1711

Airbnb ROI: 2.7%

Traditional ROI: 6.84%

1920 Wiggins Avenue

Springfield, IL

4 beds | 5 baths | 5,874 sq.ft.

$799,000

Airbnb cash on cash: -1.11%

Traditional cash on cash: 2.79%

Airbnb Rental Income: $2376

Traditional Rental Income: $4692

Airbnb ROI: -1.11%