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$--
--beds
--baths
--sqft
3,496sqft lot
701 W Vine St, Springfield, IL 62704
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For Sale
Home type
Price / sqft
Year built
Home Details
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.
Interior Details
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Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
3496
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No
Type:
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Location:
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Status:
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Number of Spaces:
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Construction Details
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Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2018
$2,000
$4,908
$36,431
--%
$41,339
2018
$2,000
$4,883
$24,790
--%
$29,673
2017
$1,952
$4,820
$24,469
--%
$29,289
2016
$1,906
$4,750
$24,112
--%
$28,862
2015
$1,882
$4,693
$23,824
--%
$28,517
Average Home Price in 62704
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Guides for Vine St

Springfield, IL’s real estate saw a peak value of $163K in Sep 2023 & a fall to $150K in Jan 2024. In Jun 2024, value was $145K. Neighboring cities show variable property values, with Sherman, IL at high end ($437K) and Dawson, IL at the lower end ($184K).





