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
1 HILLCREST Road Springfield, IL Incredible opportunity to own this meticulously maintained 4 bedroom, 3.5 bath home on jus...	4 beds \| 4 baths \| 3,262 sq.ft.	$650,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.83% Airbnb Rental Income: $1983 Traditional Rental Income: $3290 Airbnb ROI: -1.18% Traditional ROI: 1.83%
2700 S LINCOLN Avenue Springfield, IL Adorable home in Jerome. 3 bedrooms 2 full baths. Detached garage. Conveniently located.	3 beds \| 2 baths \| 2,000 sq.ft.	$172,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 10.47% Airbnb Rental Income: $1374 Traditional Rental Income: $2216 Airbnb ROI: 2.78% Traditional ROI: 10.47%
3700 Crystal Spring Drive Springfield, IL Coming soon! Showings begin at Noon on Thursday April 23rd. This beautiful Ranch home is f...	4 beds \| 3 baths \| 3,321 sq.ft.	$515,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.14% Airbnb Rental Income: $1983 Traditional Rental Income: $2668 Airbnb ROI: -0.36% Traditional ROI: 2.14%
1401 E LAKE SHORE Drive Springfield, IL Welcome to your dream lakefront retreat on beautiful Lake Springfield! This 3-bed, 3-bath ...	3 beds \| 3 baths \| 2,212 sq.ft.	$750,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 1.06% Airbnb Rental Income: $1280 Traditional Rental Income: $2585 Airbnb ROI: -1.38% Traditional ROI: 1.06%
4521 BARRINGTON Drive Springfield, IL They say location is everything-and this lovely two-story delivers! Ideally situated near ...	3 beds \| 4 baths \| 3,675 sq.ft.	$392,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.39% Airbnb Rental Income: $1569 Traditional Rental Income: $2922 Airbnb ROI: -0.5% Traditional ROI: 4.39%
2637 Sarona Road Springfield, IL Open-concept kitchen & living space that instantly makes you want to stay in on the weeken...	3 beds \| 3 baths \| 2,495 sq.ft.	$249,900	Airbnb cash on cash: 1.54% Traditional cash on cash: 7.42% Airbnb Rental Income: $1555 Traditional Rental Income: $2494 Airbnb ROI: 1.54% Traditional ROI: 7.42%
2138 W LAWRENCE Avenue Springfield, IL Lovely family home with 3 bedrooms and 1.5 baths, 1 car attached garage, and 1 newer one c...	3 beds \| 2 baths \| 1,260 sq.ft.	$177,500	Airbnb cash on cash: 3.78% Traditional cash on cash: 6.94% Airbnb Rental Income: $1645 Traditional Rental Income: $1715 Airbnb ROI: 3.78% Traditional ROI: 6.94%
1606 Tern Place Springfield, IL COMING SOON! Showings begin 4/11. There is SO much to appreciate in this home in Deerfield...	2 beds \| 2 baths \| 1,494 sq.ft.	$225,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 5.33% Airbnb Rental Income: $1013 Traditional Rental Income: $1824 Airbnb ROI: -0.16% Traditional ROI: 5.33%
6209 MACKENZIE Place Springfield, IL Ready to enjoy life in a golf course community w/ a neighborhood pool and tennis courts, p...	4 beds \| 4 baths \| 4,894 sq.ft.	$560,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.13% Airbnb Rental Income: $1983 Traditional Rental Income: $3457 Airbnb ROI: -0.68% Traditional ROI: 3.13%
3924 OLD MILL Lane Springfield, IL Welcome to this lovely and tastefully updated ranch home located in the highly sought-afte...	3 beds \| 3 baths \| 3,065 sq.ft.	$419,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.47% Airbnb Rental Income: $1569 Traditional Rental Income: $2567 Airbnb ROI: -0.21% Traditional ROI: 3.47%
3136 Lakeshire Drive Springfield, IL Located in the northeast end of Twin Lakes Subdivision, close to the interstate and the no...	2 beds \| 1 baths \| 1,036 sq.ft.	$125,900	Airbnb cash on cash: 2.73% Traditional cash on cash: 7.8% Airbnb Rental Income: $1218 Traditional Rental Income: $1440 Airbnb ROI: 2.73% Traditional ROI: 7.8%
2537 S 5TH Street Springfield, IL Don't miss this adorable 2 bedroom, 1 bath home! This charming brick bungalow is full of c...	2 beds \| 1 baths \| 1,100 sq.ft.	$99,900	Airbnb cash on cash: 2.64% Traditional cash on cash: 9.77% Airbnb Rental Income: $1018 Traditional Rental Income: $1352 Airbnb ROI: 2.64% Traditional ROI: 9.77%
1702 N 20TH Street Springfield, IL Completely refreshed! This charming 1 bed 1 bath home has undergone an impressive transfor...	1 beds \| 1 baths \| 746 sq.ft.	$69,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 10.55% Airbnb Rental Income: $873 Traditional Rental Income: $1064 Airbnb ROI: 2.98% Traditional ROI: 10.55%
5930 N LAKE Road Springfield, IL A rare opportunity awaits, a beautifully updated home on two acres with a Springfield addr...	4 beds \| 3 baths \| 3,554 sq.ft.	$575,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 2.5% Airbnb Rental Income: $1983 Traditional Rental Income: $2695 Airbnb ROI: 0.21% Traditional ROI: 2.5%
2709 CLIFTON Drive Springfield, IL Look at all the space! This beautiful Colony West home is move-in ready. Just a few steps ...	3 beds \| 3 baths \| 2,528 sq.ft.	$249,900	Airbnb cash on cash: 2.67% Traditional cash on cash: 7.59% Airbnb Rental Income: $1899 Traditional Rental Income: $2554 Airbnb ROI: 2.67% Traditional ROI: 7.59%
6201 WESTMINSTER Court Springfield, IL Opportunities like this are rare - a home tucked into a stunning 1.14-acre wooded lot that...	4 beds \| 4 baths \| 3,972 sq.ft.	$589,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.99% Airbnb Rental Income: $1983 Traditional Rental Income: $3440 Airbnb ROI: -0.6% Traditional ROI: 2.99%
2612 Sandgate Road Springfield, IL Don't miss the opportunity to call this home yours! Pre-inspected and move in ready! 3 bed...	3 beds \| 2 baths \| 1,624 sq.ft.	$170,000	Airbnb cash on cash: 4.42% Traditional cash on cash: 8.83% Airbnb Rental Income: $1714 Traditional Rental Income: $1954 Airbnb ROI: 4.42% Traditional ROI: 8.83%
125 CYPRESS POINT Drive Springfield, IL Tremendous Tri-Level!!! Top to bottom, this home has been refreshed! Since 2019, roof, wat...	4 beds \| 3 baths \| 2,240 sq.ft.	$305,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 5.1% Airbnb Rental Income: $1983 Traditional Rental Income: $2493 Airbnb ROI: 1.51% Traditional ROI: 5.1%
2632 HILLTOP Road Springfield, IL Due to no fault of seller - this beauty is back on the market. FHA and VA loans will pass ...	5 beds \| 3 baths \| 3,210 sq.ft.	$490,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.13% Airbnb Rental Income: $null Traditional Rental Income: $2937 Airbnb ROI: N/A Traditional ROI: 4.13%
108 Glen Aire Drive Springfield, IL Adorable & move-in ready ranch in a quiet residential setting that's also close to interst...	3 beds \| 2 baths \| 1,317 sq.ft.	$159,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 8.28% Airbnb Rental Income: $1280 Traditional Rental Income: $1760 Airbnb ROI: 2.51% Traditional ROI: 8.28%
3506 ABERDEEN Court Springfield, IL Expect to be impressed when an incredible location, layout & condition come together in th...	2 beds \| 2 baths \| 1,913 sq.ft.	$224,900	Airbnb cash on cash: -1.03% Traditional cash on cash: 5.98% Airbnb Rental Income: $814 Traditional Rental Income: $1983 Airbnb ROI: -1.03% Traditional ROI: 5.98%
1645 RUTH Place Springfield, IL This one-of-a-kind, stately, 4-bedroom home is one block from Washington Park on a quiet s...	4 beds \| 3 baths \| 3,520 sq.ft.	$634,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.95% Airbnb Rental Income: $null Traditional Rental Income: $2861 Airbnb ROI: N/A Traditional ROI: 1.95%
1815 FAIRFIELD Drive Springfield, IL Prepare to be impressed by this meticulously updated 3BR 1BA home on Springfield's north s...	3 beds \| 1 baths \| 1,615 sq.ft.	$165,000	Airbnb cash on cash: 4.64% Traditional cash on cash: 6.36% Airbnb Rental Income: $1694 Traditional Rental Income: $1494 Airbnb ROI: 4.64% Traditional ROI: 6.36%
2505 CENTENNIAL Drive Springfield, IL Coming soon!!! Exceptional Centennial Park home with real wood flooring on the main level,...	4 beds \| 4 baths \| 4,305 sq.ft.	$545,900	Airbnb cash on cash: -0.45% Traditional cash on cash: 3.24% Airbnb Rental Income: $1900 Traditional Rental Income: $3278 Airbnb ROI: -0.45% Traditional ROI: 3.24%
1111 WILLIAMS Boulevard Springfield, IL A rare opportunity to own one of Springfield's most significant Mid-Century Modern residen...	4 beds \| 4 baths \| 4,328 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.4% Airbnb Rental Income: $null Traditional Rental Income: $3551 Airbnb ROI: N/A Traditional ROI: 0.4%
2118 W LAWRENCE Avenue Springfield, IL This is the home everyone is searching for! Beautifully updated, move-in ready, and ideall...	3 beds \| 2 baths \| 1,708 sq.ft.	$235,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 5.44% Airbnb Rental Income: $1645 Traditional Rental Income: $2036 Airbnb ROI: 1.6% Traditional ROI: 5.44%
49 Foresters Lane Springfield, IL Welcome to 49 Foresters Ln, Springfield - a well-maintained ranch offering comfortable liv...	2 beds \| 2 baths \| 1,208 sq.ft.	$199,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 5.21% Airbnb Rental Income: $814 Traditional Rental Income: $1640 Airbnb ROI: -0.88% Traditional ROI: 5.21%
4605 LASALLE Court Springfield, IL WOW! Better than new, 3 years old. Lots of hardwoods/tile. Stainless appliances, granite t...	3 beds \| 3 baths \| 2,505 sq.ft.	$409,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.27% Airbnb Rental Income: $1569 Traditional Rental Income: $2204 Airbnb ROI: 1.44% Traditional ROI: 4.27%
821 S Pasfield Street Springfield, IL Fully occupied 4-plex with separate meters for gas, electric & water This investment comes...	4 beds \| 4 baths \| N/A	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.93% Airbnb Rental Income: $null Traditional Rental Income: $1392 Airbnb ROI: N/A Traditional ROI: 2.93%
2513 S Pasfield Street Springfield, IL This super cute 3-bedroom, 1-bath home has a lot to offer! Inside, you'll find solid wood ...	3 beds \| 1 baths \| 1,769 sq.ft.	$174,000	Airbnb cash on cash: 2.09% Traditional cash on cash: 3.33% Airbnb Rental Income: $1374 Traditional Rental Income: $1162 Airbnb ROI: 2.09% Traditional ROI: 3.33%
318 S STATE Street Springfield, IL Don't miss out on this like brand new duplex with great cash flow. New 50 year roof, plumb...	5 beds \| 3 baths \| N/A	$150,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $1210 Airbnb ROI: N/A Traditional ROI: 4.47%
1004 Latigo Lane Springfield, IL Springfield city and Chatham schools are the best of both worlds on this nicely updated an...	3 beds \| 2 baths \| 1,630 sq.ft.	$290,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.38% Airbnb Rental Income: $1454 Traditional Rental Income: $1459 Airbnb ROI: 0.78% Traditional ROI: 2.38%
1909 Jeanette Lane #4 Springfield, IL Move right into this 2 bedroom 2 full bath condo in a convenient Westside location. Close ...	2 beds \| 2 baths \| 988 sq.ft.	$75,000	Airbnb cash on cash: 5.14% Traditional cash on cash: 9.83% Airbnb Rental Income: $1057 Traditional Rental Income: $1040 Airbnb ROI: 5.14% Traditional ROI: 9.83%
6 REDWOOD Lane Springfield, IL Beautiful updated 3BD 2.5BA condo in desirable Fallingbrook Condo Association. Definitely ...	3 beds \| 3 baths \| 1,462 sq.ft.	$149,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 10.06% Airbnb Rental Income: $1555 Traditional Rental Income: $1950 Airbnb ROI: 4.19% Traditional ROI: 10.06%
812 ROANOKE Drive Springfield, IL Classic & well cared for 4 bedroom, 2 bath ranch boasting over 2600 finished square feet w...	4 beds \| 2 baths \| 2,639 sq.ft.	$244,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.37% Airbnb Rental Income: $null Traditional Rental Income: $2114 Airbnb ROI: N/A Traditional ROI: 6.37%
97 McCarthy Drive Springfield, IL There is not a thing to do to this home. Great curb appeal. Wetside location. Move in read...	4 beds \| 2 baths \| 1,388 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.76% Airbnb Rental Income: $null Traditional Rental Income: $1690 Airbnb ROI: N/A Traditional ROI: 3.76%
2317 ARGONNE Avenue Springfield, IL Exquisite home built in 2022, offering 2,629 square feet on the main level and a full unfi...	3 beds \| 3 baths \| 2,629 sq.ft.	$560,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.66% Airbnb Rental Income: $1899 Traditional Rental Income: $2267 Airbnb ROI: -1.01% Traditional ROI: 0.66%
3229 E Enos Avenue Springfield, IL Beautifully updated ranch-style home featuring 3 bedrooms and 1 full bathroom. This move-i...	3 beds \| 1 baths \| 1,023 sq.ft.	$109,900	Airbnb cash on cash: 8.24% Traditional cash on cash: 9.71% Airbnb Rental Income: $1645 Traditional Rental Income: $1339 Airbnb ROI: 8.24% Traditional ROI: 9.71%

Real Estate investment in Springfield, IL

There are 253 properties for sale in the city of Springfield . The median list price in Springfield is $254,900 and the average price per square foot is $122. In May 2026, the average monthly cash on cash return in Springfield is 7.00%. The average monthly rental income in Springfield is $2,051.

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

There are 253 investment properties available for sale in Springfield.

In 2026, 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 $2,051.

Your search for investment property begins and ends here

Investment Property for Sale in Springfield, IL

1 HILLCREST Road

Springfield, IL

4 beds | 4 baths | 3,262 sq.ft.

$650,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $1983

Traditional Rental Income: $3290

Airbnb ROI: -1.18%

Traditional ROI: 1.83%

2700 S LINCOLN Avenue

Springfield, IL

3 beds | 2 baths | 2,000 sq.ft.

$172,000

Airbnb cash on cash: 2.78%

Traditional cash on cash: 10.47%

Airbnb Rental Income: $1374

Traditional Rental Income: $2216

Airbnb ROI: 2.78%

Traditional ROI: 10.47%

3700 Crystal Spring Drive

Springfield, IL

4 beds | 3 baths | 3,321 sq.ft.

$515,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 2.14%

Airbnb Rental Income: $1983

Traditional Rental Income: $2668

Airbnb ROI: -0.36%

Traditional ROI: 2.14%

1401 E LAKE SHORE Drive

Springfield, IL

3 beds | 3 baths | 2,212 sq.ft.

$750,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 1.06%

Airbnb Rental Income: $1280

Traditional Rental Income: $2585

Airbnb ROI: -1.38%

Traditional ROI: 1.06%

4521 BARRINGTON Drive

Springfield, IL

3 beds | 4 baths | 3,675 sq.ft.

$392,900

Airbnb cash on cash: -0.5%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $1569

Traditional Rental Income: $2922

Airbnb ROI: -0.5%

Traditional ROI: 4.39%

2637 Sarona Road

Springfield, IL

3 beds | 3 baths | 2,495 sq.ft.

$249,900

Airbnb cash on cash: 1.54%

Traditional cash on cash: 7.42%

Airbnb Rental Income: $1555

Traditional Rental Income: $2494

Airbnb ROI: 1.54%

Traditional ROI: 7.42%

2138 W LAWRENCE Avenue

Springfield, IL

3 beds | 2 baths | 1,260 sq.ft.

$177,500

Airbnb cash on cash: 3.78%

Traditional cash on cash: 6.94%

Airbnb Rental Income: $1645

Traditional Rental Income: $1715

Airbnb ROI: 3.78%

Traditional ROI: 6.94%

1606 Tern Place

Springfield, IL

2 beds | 2 baths | 1,494 sq.ft.

$225,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $1013

Traditional Rental Income: $1824

Airbnb ROI: -0.16%