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!
Multi-familyProperty Type
1.79 acresLot Size
$80Price/Sq.Ft.
10 spacesParking
Listed by Joshua Kruse• The Real Estate Group, Inc.
Incredible investment opportunity! This is your chance to own 5 single family homes on a private lane that have long term tenants and great cash flow in a central location on 1.78 Acres. 4 units are 2 bed 1 bath while the other unit is a 1 bed 1 bath. All units have either an attached carport or detached garage!
RMLSA as Distributed by MLS Grid #CA270373
Aug 6, 2021
Listing Removed
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RMLSA as Distributed by MLS Grid #CA261422
Aug 6, 2021
Listing Removed
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RMLSA as Distributed by MLS Grid #CA143447
Aug 6, 2021
Listing Removed
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RMLSA as Distributed by MLS Grid #CA130023
Aug 6, 2021
Listing Removed
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RMLSA as Distributed by MLS Grid #CA121609
Aug 6, 2021
Listing Removed
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RMLSA as Distributed by MLS Grid #CA105111
Aug 6, 2021
Listing Removed
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Public Records
Sep 14, 2016
Sold
$125,000
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$528 (−87.0%)
$6,552 + $1
$6,553
2024
$4,075 (+4.1%)
$6,201 + $42,353
$48,554
2023
$3,914 (−17.7%)
$5,618 + $38,370
$43,988
2022
$4,759 (+8.1%)
$5,348 + $47,453
$52,801
2021
$4,403 (+3.2%)
$4,904 + $43,515
$48,419
2020
$4,268 (+2.3%)
$4,876 + $43,264
$48,140
2019
$4,170 (+1.4%)
$4,858 + $43,100
$47,958
2018
$4,113 (+3.8%)
$4,950 + $43,917
$48,867
2017
$3,964 (+6.0%)
$4,799 + $42,580
$47,379
2016
$3,741 (−12.0%)
$4,530 + $40,193
$44,723
2013
$4,250
$4,917 + $48,055
$52,972
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
0.83 Acres
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Other
County
Sangamon County
APN
14250401014
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 16, 2026.
B-2
Retail Business District
The B-2 retail business district is designed to provide for a wide range of retail sales and service uses, excluding such goods and services which are durable or industrial in character. Uses permitted in the B-1 district are also permitted.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Laundromat
General retail
Retail-Grocery
Restaurant
Office
Library
Museum / gallery
Post office
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 105° expected this year, 20 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Springfield, IL • 62702
Average low and high temperatures (°F)
32
17
43
25
62
38
69
49
74
55
83
66
87
71
84
65
83
58
72
49
54
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 730 N Dirksen Pkwy
$222,187
$2,813 under list price of $225K
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $153K to $230K.