Condo Investment Properties for Sale in Springfield, IL
733- 3 Bed
- 3 Bath
- 1392 sft
613- 2 Bed
- 2 Bath
- 1015 sft
483- 2 Bed
- 2 Bath
- 1196 sft
676- 2 Bed
- 2 Bath
- 1288 sft
Why Invest in Springfield, Illinois?
Springfield, IL offers strong opportunities for condo investors seeking stable rental income in a competitive market. Recent data shows median home prices around $195K with 22% year-over-year appreciation, supporting solid returns[1]. Average rents near $1,100 contribute to rental yields of 5-7% and cap rates around 6%. Renter occupancy exceeds 40%, driven by state government jobs and low vacancy trends. Condo investments here benefit from quick sales (under 30 days) and steady cash flow potential.
Frequently Asked Questions
Yes, condos offer strong rental yields around 6% with average rents at $1,100 and high renter occupancy over 40%. The market is competitive with homes selling in under 30 days and appreciation near 7%. Government jobs provide demand stability for investors.
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