Springfield, Illinois Real Estate: What You Can Get For $ 1.4 Million


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Springfield, Illinois is known as the hometown of 16th President Abraham Lincoln and the capital of the Land of Lincoln.

The city’s many historic sites, such as the Presidential Abraham Lincoln Library and Museum, attract tourists, as do children’s attractions, outdoor sites, and a bustling downtown area.

Abraham Lincoln Presidential Library and Museum. Springfield, Illinois. (Holly Hildreth / Contributor / Getty Images)

Another Springfield asset enjoyed by visitors and residents alike is Lake Springfield, a city-owned man-made body of water that provides a range of recreation as well as the city’s drinking water. The lake has more than 735 residential sites along its 57 miles of shoreline, as well as eight public parks and several public docks and boat ramps.

Springfield Lake

Lake Springfield, Springfield, Illinois (Ted Brewer) (Ted Brewer)

Along with the state government, which is Springfield’s largest employer, the health care industry is a major employer along with other industries such as insurance and education.

Springfield – and central Illinois in general – has a low cost of living, and it’s evident in the real estate market. According to data from Realtor.com, Springfield has approximately 500 active homes listed for sale at a median list price of $ 127,500.

Here’s what you can get in Springfield on a budget of $ 1.4 million:

Virginia Lane – $ 1,395,000

This 1946 built home sits on 1.33 acre land directly on Lake Springfield near the Island Bay Yacht Club, and is described as “majestic, traditional, meticulously maintained and beautifully updated” on Melissa’s list. Dowson Vorreyer of RE / MAX Professionals.

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The kitchen is newer and has two dishwashers, a double oven and wet bar as well as a formal dining area that overlooks the lake. There is a separate formal dining room.

The 4,464 square foot home features four bedrooms and four and a half baths, as well as an office and porch.

The property has a new garage for four cars, an outdoor kitchen on a large patio, a covered dock with elevator and a steel dike.

Etherton Lane – $ 794,000

This 5,274 square foot ranch sits on 11 acres with a stocked pond, stable, and two separate pastures for grazing as listed by Randy Aldrich of The Real Estate Group Inc.

The house has an open concept living room, dining room and kitchen with heated stone floors. The kitchen has an island with bar seating and granite counters on all surfaces.

Springfield Illinois Home

This Springfield home is listed for $ 794,000 (Randy Aldrich, The Real Estate Group Inc.)

The house has four bedrooms all with hardwood floors and four full bathrooms. Outside is a 1,500 square foot patio.

Springfield Illinois Home

This Springfield home is listed for $ 794,000 (Randy Aldrich, The Real Estate Group Inc.)

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A Crestron touchscreen controlled sound system works throughout the house, which also has a Generac whole house propane generator. In the home’s two-car garage is a removable steel tornado shelter designed to withstand a Category 5 storm.

Springfield Illinois Home

This Springfield home is listed for $ 794,000 (Randy Aldrich, The Real Estate Group Inc.)

There is also a 20 foot by 40 foot heated indoor pool with ceiling skylights. The adjacent media room has double glazed doors that can be opened to provide an open plan environment for any poolside party, Aldrich says.

Springfield Illinois Home

This Springfield home is listed for $ 794,000 (Randy Aldrich, The Real Estate Group Inc.)

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The stable measures 122 feet by 36 feet and includes six horse stalls, a tack room, an office, a central room with an overhead door, and at the other end there is a kennel.

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