701 W Vine Street, Springfield, IL 62704

Springfield
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
701 W Vine Street,Springfield, IL 62704
$225,000
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jorge romero
Office: realty one group inc.
MLS#:12664625
Source:MLSNI

Price summary

  • Price:$225,000

About this home

Affordable Entry-Level Duplex Investment. High-Demand Rental Area 2 Blocks from Washington Park. Excellent opportunity for first-time investors or those looking to expand their portfolio with an affordable, income-producing property. New shingle roof, gutters, and windows in 2014. Interior of both units remodeled in 2016. New rubber roof over sunrooms in 2024. Current Rent: $2,050/month. Lease Terms: month-to-month. Low barrier to entry with strong rental demand. Potential to improve returns through light value-add upgrades. This property is ideal for "house hacking," long-term rental income, or as a stable addition to a diversified portfolio. Investment Highlights: Attractive price point for new investors. Strong rental demand in the area-opportunity for forced appreciation. Renting below current market rates. Great location in Springfield, IL, only 2 blocks away from Washington Park. Property is being sold in "as-is" condition.

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Home facts

  • Year built:1940
  • Listing ID #:12664625
  • Updated:June 09, 2026 at 10:49 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:14
  • Basement Description:Full, Unfinished

Structure and exterior

  • Roof:Asphalt, Rubber
  • Year built:1940
  • Lot Features:Corner Lot
  • Architectural Style:Bi-level
  • Exterior Features:Balcony
  • Foundation Description:Block

Schools

  • Middle school:Franklin Middle School
  • Elementary school:Graham Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$225,000
  • Tax amount:$4,312 (2025)

Parking

  • Total parking spaces:6
  • Parking description:Attached Garage, Garage, Off Street
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