About This Home

This 8-bedroom, 4-bathroom residential multi family at 730 N DIRKSEN Parkway in Springfield, IL is listed for $225,000. on a 1.79 acres lot.

Key Features

  • 1.79 acre lot
  • 10 parking spaces

Property Details

4 full
10 spaces
Listing Description

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!

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

730 N DIRKSEN Parkway

Springfield, IL 62702

Property Details

Construction

Aluminum Siding Vinyl Siding

Parking

GuestCarport

Heating

Forced AirNatural Gas

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 730 N DIRKSEN Parkway is listed at $225,000. The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.79 acre lot, 10 parking spaces.

This property is listed by Joshua Kruse.

JK

Joshua Kruse

Agent at The Real Estate Group, Inc.

Listed by The Real Estate Group, Inc. · Broker phone: (217) 787-7000 · View on Broker Site · Broker website

MLS# CA1047121· Source: RMLS Alliance· 17 days on PropertySimple

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

730 N DIRKSEN Parkway, Springfield, IL 62702

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