INVESTMENT OPPORTUNITY WITH ROOM TO GROW! Rare opportunity to acquire FOUR single-family homes situated together on a sprawling 1.79-acre parcel along the highly traveled Route 29 corridor, with a 14,800 average annual daily traffic count! This unique investment package offers immediate rental income with additional upside potential. Three of the four residences are currently occupied, generating a combined $2,225 in monthly rental income, while the fourth is vacant with an anticipated rental rate of $800–$850 per month. Once fully occupied, the property offers projected gross rental income of $3,025–$3,075 monthly! But the opportunity doesn't stop there! The parcel previously accommodated a FIFTH residence that was lost to fire and subsequently removed, with utilities remaining in place for a potential replacement home. Subject to applicable approvals, this presents an exciting opportunity to further expand the property's income-producing capabilities. Conveniently located with easy access to shopping, dining, and major thoroughfares, this package offers investors an appealing combination of established rental income, additional acreage, and future possibilities. FOUR homes, ONE parcel, and plenty of potential!
For sale
$225,000
730 N Dirksen Pkwy, Springfield, IL 62702
8beds
4baths
2,800sqft
Multi Family
Built in ----
-- sqft lot
$209,000 Zestimate®
$80/sqft
$-- HOA
What's special
Additional acreage
- 18 days
- 534
- 27
Zillow last checked:
Listing updated:
Listed by:
Joshua F Kruse Offc:217-787-7000,
The Real Estate Group, Inc.
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1047121
Originating MLS: Capital Area Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Included: Gas Water Heater, Range, Refrigerator, Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 2,800
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 10
- Parking features: Carport, Parking Pad
- Has carport: Yes
- Has uncovered spaces: Yes
Lot
- Size: 1.79 Acres
- Dimensions: 240 x 300
- Features: Extra Lot, Level
Details
- Additional parcels included: 14250401014, 14250401015,
- Parcel number: 1425.0401005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $17,835
- Annual tax amount: $1,535
- Date on market: 10/13/2026
- Lease term: Variable
- Tenant pays: All Utilities
- Road surface type: Gravel
Estimated market value
$209,000
$196,000 - $219,000
$1,171/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $225,000$80/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $479 +1.5% | $5,945 +5.7% |
| 2024 | $472 +4.1% | $5,627 +10.4% |
| 2023 | $454 +3.7% | $5,098 +5% |
| 2022 | $437 +8.1% | $4,853 +9.1% |
| 2021 | $405 +3.2% | $4,450 +0.6% |
| 2020 | $392 +3.8% | $4,424 +0.4% |
| 2019 | $378 | $4,407 -1.9% |
| 2018 | $378 +3.8% | $4,491 +3.1% |
| 2017 | $364 +5.9% | $4,354 +5.9% |
| 2016 | $344 +0.3% | $4,110 +0.5% |
| 2015 | $343 -2% | $4,091 -3.1% |
| 2014 | $350 -2.3% | $4,224 -5.3% |
| 2013 | $358 +2.3% | $4,461 |
| 2012 | $350 +2.1% | $4,461 -1% |
| 2011 | $343 +0% | $4,507 -1.9% |
| 2010 | $343 -0.5% | $4,595 -2.4% |
| 2009 | $344 +6.6% | $4,707 +4.7% |
| 2008 | $323 -0.5% | $4,497 +3.1% |
| 2007 | $324 +1.5% | $4,363 +4% |
| 2006 | $320 | $4,196 |
Find assessor info on the county website
Monthly payment
Est. payment





