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206 N State Street

Springfield, IL 62704
  • $205,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: CA1046545
Price Reduced
UPDATED: 171 min ago
$205,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Description

This 3 unit building would be a great addition to anyones investment portfolio! With two units currently leased to happy residents, the largest of the bunch is vacant and open for you to strategically place your own tenant. With total incoming rents reaching $2,400/mo between the three units, this income producing investment will surely treat you right. One 2 unit with a large open living room, one 1 unit also has good living space, and a studio unit wraps up the back. There is a detached garage that could also serve as a rental space...perfect for someone to use as a storage unit or equipment storage. This building sits a short 4 minute drive from the medical district, opening up great opportunity to attract traveling nurses! We are motivated to make a deal, so don't miss the chance to make this yours!

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-10-05T14:44:51.467.
www.loganfrazierhomes.org/homes/181243761
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206 N State Street Springfield, IL 62704

  • Price: $205,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 171 min ago
  • ID#: CA1046545
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
This 3 unit building would be a great addition to anyones investment portfolio! With two units currently leased to happy residents, the largest of the bunch is vacant and open for you to strategically place your own tenant. With total incoming rents reaching $2,400/mo between the three units, this income producing investment will surely treat you right. One 2 unit with a large open living room, one 1 unit also has good living space, and a studio unit wraps up the back. There is a detached garage that could also serve as a rental space...perfect for someone to use as a storage unit or equipment storage. This building sits a short 4 minute drive from the medical district, opening up great opportunity to attract traveling nurses! We are motivated to make a deal, so don't miss the chance to make this yours!
Exterior Features

Construction Materials Aluminum Siding Parking Features DetachedAlley Access Parking Total 3 Road Surface Type Paved Roof Shingle

Interior Features

Basement PartialUnfinished Building Area Total 1899 Heating Forced AirNatural GasGas Water HeaterWall Unit(s) Interior Features Cable Available Laundry Features None Number Of Central Air Units 0 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 2 Number Of Gas Meters 2 Number Of Heating Units 1 Number Of Ranges 3 Number Of Washers 0 Number Of Water Heaters 1 Numberof Refrigerators 3

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 0 Insurance Expense 1488 Lease Term Variable Lot Features Level Lot Size Dimensions 45 x 181 Manager On Site YN No Net Operating Income -13605 New Construction YN No Number Of Water Meters 1 Number Of Window Units 5 Operating Expense 10073 Repossessed No Structure Type Duplex Up/DownDuplex Tax Annual Amount 3532.3 Tax Legal Description L 11 E.A. WILSONS ADDN #3 Tax Year 2025 Tenant Pays No Utilities Trash Expense 960 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Joshua Kruse of The Real Estate Group, Inc.: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Logan Frazier Homes | The Real Estate Group. Data last updated: 2026-10-05T14:44:51.467.
 
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Logan Frazier Homes | The Real Estate Group
3701 Wabash Ave
Springfield IL, 62711