206 N STATE Street

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Address: 206 N State St, Springfield, IL 62702, USA
Chicago & Midwest + 2-4 Units
Created date: September 18, 2026
Date last updated: September 18, 2026
Price: $215,000Investment Analyzer NEW!

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!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $215,000
No. of Units: 3
Year Built: 1900
Opportunity Zone: No
Price per unit: $71,667
Property Website Click Here
Number of Bedrooms: 4
Number of Bathrooms: 3
Address: 206 N STATE Street, Springfield, IL 62704, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Final Deal Analysis

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