Active
1,899 sqft
206 N State St, Springfield, IL 62702
Est: $1,442/moGet pre-approved
Multi FamilyProperty Type
0.19 acresLot Size
1900Year Built
$113/sq ftPrice per sq ft

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...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!
12 days on Market
  • Listed by: Joshua Kruse 217.816.9405 jkrusethegroup@gmail.com • The Real Estate Group, Inc.
Last updated: 09/19/2026 03:01 PM • Source: RMLS ALLIANCE, MLS#: CA1046545

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Location

Listing Courtesy of The Real Estate Group, Inc.
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Payment Calculator

$1,442 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,148

Property Taxes

$294

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 206 North State Street

Property Details
  • Taxes: $3,532 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 3.0
  • Subdivision Name: None
Building Information
  • Residences: 3
  • Year Built: 1900
  • Lot Size: 0.19 AC / 8,145 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: Heading East on W Washington from S MAcArthur, turn North on State. Home is on the east side of the street.
  • Latitude: 39.803141
  • Longitude: -89.666316
  • MLSArea Minor: Springfield
  • Postal Code: 62704
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-28.0-379-012
  • Tax Annual Amount: $3,532
  • Tax Legal Description: L 11 E.A. WILSONS ADDN #3
  • Tax Year: 2025
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Alley Access, Detached
Property
Lot Information
  • Structure Type: Duplex Up/Down, Duplex
  • Building Area Total: 1899.0
  • Lot Features: Level
  • Lot Size Dimensions: 45 x 181
  • Number Of Units Total: 3
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description
  • Foundation Details: Block, Brick/Mortar, Concrete Perimeter
  • New Construction: No
  • Year Built: 1900
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 1
  • Water Sewer Expense: $1,500
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Aluminum Siding
Interior Features
  • Basement: Partial, Unfinished
  • Heating: Forced Air, Natural Gas, Gas Water Heater, Wall 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 Heating Units: 1
  • Number Of Ranges: 3
  • Numberof Refrigerators: 3
  • Number Of Washers: 0
  • Number Of Water Heaters: 1
  • Number Of Window Units: 5
  • Operating Recording Device: Audio & Video
Multi Family
Income & Expenses
  • Electric Expense: $1,500
  • Gross Income: $0
  • Insurance Expense: $1,488
  • Maintenance Expense: $0
  • Manager Expense: $2,212
  • Net Operating Income: $-13,605
  • Operating Expense: $10,073
  • Advertising Expense: 0
  • Gas Expense: 2413
  • Misc Annual Income: 0
  • Trash Expense: $960
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 1
  • Number Uncovered: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
Rental
Rent Information
  • Lease Term: Variable
  • Tenant Pays: No Utilities

Property History for 206 North State Street

DateEvent & SourcePriceAppreciation
Sep 16, 2026

Listed (Active)

RMLS ALLIANCE #CA1046545

$215,000—
Oct 3, 2024

Sold (Public Record)

Public Record #1542979107

$170,000

+136.4% / yr

Jun 12, 2023

Sold (Public Record)

Public Record #1513825321

$55,000

+9.5% / yr

DateEvent & SourcePrice
09/16/2026

Listed (Active)

RMLS ALLIANCE #CA1046545

$215,000
10/03/2024

Sold (Public Record)

Public Record #1542979107

$170,000

+136.4% / yr

06/12/2023

Sold (Public Record)

Public Record #1513825321

$55,000

+9.5% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 206 North State Street

Taxable ValueLand$5,907Additions$37,721Total$43,628
Tax Record2025$3,532 ($294 / month)
Home Facts
Beds0Lot Size8,170 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-28.0-379-012

Schools near 206 North State Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Elizabeth Graham Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

206 North State Street is a multi-family home for sale in Springfield, IL 62702. This property was listed for sale on September 16, 2026 by The Real Estate Group, Inc., it's currently listed at $215,000. It has been on the market for a total of 12 days and was last sold on October 3, 2024. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, U S Grant Middle School and Springfield High School. 206 North State Street is a 0-bed, 0-bath, 1,899 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 09/19/2026 03:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.