Cheap homes for sale & real estate in Springfield, IL

287 homes

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ABOUT THIS HOME
Cheap Home for sale in Springfield, IL:
This residential property offers strong investment potential with consistent rental income and long-term value growth. Well-suited for both new and experienced investors, the property is located in a desirable area with steady rental demand. Features include: Functional floor plan with low-maintenance finishes Strong rental history with reliable occupancy Convenient location near schools, shopping, and major employers Whether you’re looking to expand your portfolio or secure your first income property, this is a turnkey opportunity to generate cash flow and build equity.

$75,000

3 beds1 bath944 sq ft

2128 E Capitol Ave, Springfield, IL 62703

Near schools • Near major employers • Near shopping

ABOUT THIS HOME
Cheap Home for sale in Springfield, IL:
Excellent opportunity for investors! This residential property is located just minutes from downtown amenities, including shopping, dining, hospitals, and public transportation. Ideal for those seeking a solid rental investment, the home offers reliable income potential with strong demand in the area for rental housing. Features include: Convenient proximity to downtown and major employers Established rental history with consistent tenant interest Flexible layout suitable for long-term or short-term rental strategies Affordable entry point into the growing rental market Whether you’re expanding your portfolio or looking for your first investment property, this home offers both immedia

$67,000

2 beds1 bath1,200 sq ft

1318 E Lenox Ave, Springfield, IL 62703

Flexible layout • 6,000 sq ft lot • Listed 75 days

ABOUT THIS HOME
Cheap Home for sale in Springfield, IL:
Great opportunity for investors! This property is located on Springfield’s north end, just minutes from Lanphier High School, parks, shopping, and major roadways. With its convenient location and strong rental demand in the area, this home is well-suited as an income-producing property or an affordable addition to your investment portfolio. The property features a spacious layout with multiple bedrooms, ample living space, and a functional floor plan that tenants will appreciate. Whether you are looking to expand your rental holdings or start building equity with your first investment, this home offers the flexibility and potential you’ve been looking for. Highlights: Located in

$67,000

2 beds1 bath1,116 sq ft

1104 N 13th St, Springfield, IL 62702

5,456 sq ft lot • 2 garage spots • Listed 75 days

ABOUT THIS HOME
Cheap Home for sale in Springfield, IL:
Investment Opportunity!!!! Charming Home in Enos Park – Close to Hospitals & Downtown Welcome to 820 North 8th Street, a well-kept home located in the historic Enos Park neighborhood, just minutes from Springfield’s medical district and downtown amenities. This residence offers both comfort and convenience, making it an excellent choice for professionals, students, or families looking for a central location. This an ideal listing for investors. Inside, you’ll find a spacious layout with multiple bedrooms, a full bathroom, and inviting living areas perfect for relaxing or entertaining. The kitchen provides plenty of cabinet space, and the home features large windows t

$75,000

3 beds2 baths1,400 sq ft

820 N 8th St, Springfield, IL 62702

Large windows • Close to hospitals • Backyard

ABOUT THIS HOME
Cheap Home for sale in Springfield, IL:
Well maintained 2 unit complex ready to rent! Main Floor unit is 2 bed/ 1 ba w basement & W/ D hookups, Liv Rm, bath, eat in kitchen. Upper unit is 3 bed/ master loft suite, Liv Rm, Eat in Kitchen and closet w W & D hookups. Parking out back along w grassy area to share for garden or hang out area! Don't miss this one!!

$179,900

5 beds2 baths1,550 sq ft

1211 W Lawrence St, Springfield, IL 62704

Main floor unit • Grassy area • Upper unit

Property at 524 W Carpenter St, Springfield, IL 62702, 3 beds, 2 baths

$125,000

3 beds2 baths1,026 sq ft

524 W Carpenter St, Springfield, IL 62702

Property at 1711 S 5th St, Springfield, IL 62703, 5 beds, 1.5 baths

$169,900

5 beds1.5 baths2,175 sq ft

1711 S 5th St, Springfield, IL 62703

Property at 725 E Spruce St, Springfield, IL 62703, 4 beds, 2 baths

$174,600

4 beds2 baths1,912 sq ft

725 E Spruce St, Springfield, IL 62703

Property at 1130 Cantrall Creek Rd, Cantrall, IL 62625, 4 beds, 2 baths

$219,000

4 beds2 baths1,900 sq ft

1130 Cantrall Creek Rd, Cantrall, IL 62625

Property at 1617 Matheny Ave, Springfield, IL 62702, 2 beds, 1 bath

$67,000

2 beds1 bath831 sq ft

1617 Matheny Ave, Springfield, IL 62702

Property at 8033 Wilson Terrace Rd, Springfield, IL 62712, 4 beds, 3 baths

$390,000

4 beds3 baths3,649 sq ft

8033 Wilson Terrace Rd, Springfield, IL 62712

Property at 531 Wood Ave, Springfield, IL 62702, 3 beds, 1 bath

$104,900

3 beds1 bath1,196 sq ft

531 Wood Ave, Springfield, IL 62702

Property at 1910 Jeanette Ln #2, Springfield, IL 62704, 2 beds, 2 baths

$58,500

2 beds2 baths991 sq ft

1910 Jeanette Ln #2, Springfield, IL 62704

Property at 902 S Pasfield St, Springfield, IL 62704, 3 beds, 3 baths

$132,900

3 beds3 baths1,243 sq ft

902 S Pasfield St, Springfield, IL 62704

Property at 1833 S Street Court Ct, Springfield, IL 62703, 2 beds, 1 bath

$62,500

2 beds1 bath900 sq ft

1833 S Street Court Ct, Springfield, IL 62703

Property at 3121 E Carpenter St, Springfield, IL 62702, 2 beds, 1 bath

$15,000

2 beds1 bath1,107 sq ft

3121 E Carpenter St, Springfield, IL 62702

Property at 2929 Cider Mill Ln, Springfield, IL 62702, 5 beds, 3 baths

$320,000

5 beds3 baths2,472 sq ft

2929 Cider Mill Ln, Springfield, IL 62702

Property at 1601 S Glenwood Ave, Springfield, IL 62704, 3 beds, 2 baths

$151,900

3 beds2 baths2,529 sq ft

1601 S Glenwood Ave, Springfield, IL 62704

Property at 1118 Martin Luther King Jr Dr, Springfield, IL 62703, 3 beds, 1 bath

$64,900

3 beds1 bath1,008 sq ft

1118 Martin Luther King Jr Dr, Springfield, IL 62703

Property at 3324 S 2nd St, Springfield, IL 62703, 2 beds, 2 baths

$135,000

2 beds2 baths1,240 sq ft

3324 S 2nd St, Springfield, IL 62703

Property at 452 S Grand Avenue West, Springfield, IL 62704, 4 beds, 1.5 baths

$208,000

4 beds1.5 baths2,700 sq ft

452 S Grand Avenue West, Springfield, IL 62704

Property at 1715 Clay St, Springfield, IL 62703, 2 beds, 1 bath

$55,000

2 beds1 bath864 sq ft

1715 Clay St, Springfield, IL 62703

Property at 2015 N 19th St, Springfield, IL 62702, 3 beds, 1 bath

$124,900

3 beds1 bath1,370 sq ft

2015 N 19th St, Springfield, IL 62702

Property at 5302 Verdant Ln, Springfield, IL 62711, 3 beds, 2 baths

$445,000

3 beds2 baths1,850 sq ft

5302 Verdant Ln, Springfield, IL 62711

Property at 8117 Tack Ln, Springfield, IL 62712-8634, 3 beds, 2.5 baths

$319,000

3 beds2.5 baths3,360 sq ft

8117 Tack Ln, Springfield, IL 62712-8634

Property at 2132 E Adams St, Springfield, IL 62703, 3 beds, 1 bath

$50,000

3 beds1 bath840 sq ft

2132 E Adams St, Springfield, IL 62703

Property at 3200 Greenbriar Dr, Springfield, IL 62711, 3 beds, 3 baths

$439,900

3 beds3 baths2,457 sq ft

3200 Greenbriar Dr, Springfield, IL 62711

Property at 342 W Reynolds St, Springfield, IL 62702, 4 beds, 2 baths

$77,900

4 beds2 baths1,561 sq ft

342 W Reynolds St, Springfield, IL 62702

Property at 930 N 8th St, Springfield, IL 62702, 3 beds, 2 baths

$135,000

3 beds2 baths1,596 sq ft

930 N 8th St, Springfield, IL 62702

Property at 1430 S 8th St, Springfield, IL 62703, 3 beds, 1.5 baths

$44,900

3 beds1.5 baths2,391 sq ft

1430 S 8th St, Springfield, IL 62703

Property at 105 Timberridge Dr, Springfield, IL 62702, 3 beds, 3 baths

$329,900

3 beds3 baths4,136 sq ft

105 Timberridge Dr, Springfield, IL 62702

Property at 4621 Eugene Ct, Springfield, IL 62711, 2 beds, 2.5 baths

$389,900

2 beds2.5 baths1,722 sq ft

4621 Eugene Ct, Springfield, IL 62711

Property at 629 W Washington St, Springfield, IL 62702, 8 beds, 4 baths

$350,000

8 beds4 baths3,300 sq ft

629 W Washington St, Springfield, IL 62702

Property at 2601 Burton Dr, Springfield, IL 62703, 4 beds, 1 bath

$100,000

4 beds1 bath1,320 sq ft

2601 Burton Dr, Springfield, IL 62703

Property at 2352 S 6th St, Springfield, IL 62703, 2 beds, 1 bath

$73,000

2 beds1 bath840 sq ft

2352 S 6th St, Springfield, IL 62703

Property at 922 - 924 N 4th St, Springfield, IL 62702, 3 beds, 2.5 baths

$176,900

3 beds2.5 baths1,302 sq ft

922 - 924 N 4th St, Springfield, IL 62702

Property at 2152 E Adams St, Springfield, IL 62703, 2 beds, 1 bath

$75,000

2 beds1 bath616 sq ft

2152 E Adams St, Springfield, IL 62703

Property at 3710 W Bluffs Rd, Springfield, IL 62711

$59,900

— beds— baths— sq ft

3710 W Bluffs Rd, Springfield, IL 62711

Property at 2025 Catalina Ln, Springfield, IL 62702

$165,000

— beds— baths— sq ft

2025 Catalina Ln, Springfield, IL 62702

Property at 1038 N Koke Mill Rd, Springfield, IL 62711

$65,000

— beds— baths— sq ft

1038 N Koke Mill Rd, Springfield, IL 62711

Property at Lot 1 & 2 Bunn Dr, Springfield, IL 62703

$49,900

— beds— baths— sq ft

Lot 1 & 2 Bunn Dr, Springfield, IL 62703

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Based on information submitted to the MLS GRID as of Sat Nov 22 2025. 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.

Cheap Homes for Sale in Springfield

There are currently 287 cheap homes for sale in Springfield at a median listing price of $170K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Springfield stay on the market for 28 days. Popular neighborhoods include Pillsbury, Springfield Far East District, Washington Knolls, Springfield Lake Shore, and Piper Glen. This map is refreshed with the newest listings in Springfield every 15 minutes.

In the past month, 160 homes have been sold in Springfield. In addition to houses in Springfield, there were also 19 condos, 3 townhouses, and 6 multi-family units for sale in Springfield last month. Springfield is a minimally walkable city in Illinois with a Walk Score of 38. Springfield is home to approximately 114,694 people and 113,249 jobs. Find your dream home in Springfield using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Springfield are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Springfield. Our Springfield real estate stats and trends will give you more information about home buying and selling trends in Springfield. If you're looking to sell your home in the Springfield area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Springfield with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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