206 N State Street
Springfield, IL 62704
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Partial, Unfinished -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Gas Water Heater, Refrigerator, Water Heater, Range Laundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Window Unit(s), Wall Unit(s)
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Building Information
Year Built: 1900 Building Area Total: 1899 Construction Materials: Aluminum Siding Private Pool: No Association Fee Frequency: Monthly
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Lot Information
Lot Dimensions: 45 x 181 Lot Description: LevelProperty Information
Subdivision: None Source Property Type: Residential Income MLS Area Minor: Springfield Property Age: 126
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Listing Price Information
Listing Price: $215000
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Tax Information
Parcel Number: 14-28.0-379-012 Tax Year: 2025 Annual Tax: $3532.3 Tax Legal Desc: L 11 E.A. WILSONS ADDN #3
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Parking Information
Parking Total: 3 Alley Access, DetachedHomeowners Association InformationHas Association: Yes
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School Information
Elementary School:Junior High School:Senior High School: Springfield District #186 -
Utility Information
Cable Available -
Location Information
Direction: Heading East on W Washington from S MAcArthur, turn North on State. Home is on the east side of the street. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1644 W Homewood Avenue, Springfield, IL, 62704 | $250,000 | 3 | 4 | 6,260 | -- |
| 2021 S 4th Street, Springfield, IL, 62704 | $54,900 | 2 | 2 | 1,712 | -- |
| 2021 S 4th Street, Springfield, IL, 62704 | $54,900 | -- | -- | -- | -- |
| 230 E Lawrence Avenue, Springfield, IL, 62704 | $115,000 | 3 | 2 | 1,645 | -- |
| 1518 S Spring Street, Springfield, IL, 62704 | $130,000 | 2 | 2 | 1,746 | -- |
| 1631 S College Street, Springfield, IL, 62704 | $40,000 | 5 | 4 | 2,503 | -- |
| 2212 S Pasfield Street, Springfield, IL, 62704 | $147,900 | 2 | 2 | 1,317 | -- |
| 1608 S Pasfield Street, Springfield, IL, 62704 | $165,000 | 3 | 1 | 1,620 | -- |
| 1912 S Whittier Avenue, Springfield, IL, 62704 | $89,500 | 2 | 1 | 873 | -- |
| 517 W Cedar Street, Springfield, IL, 62704 | $140,000 | 3 | 2 | 1,920 | -- |
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Nearby For Sale
Based on information submitted to the MLS GRID as of 09/17/2026 @ 08:51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
ByOwner last updated this listing 09/17/2026 @ 08:51
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