BEDS4
BATHS2 full
MLS#12664625
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 186
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Block, Full
Heating: Other
Home Style: Bi-Level
Lot Size: 0.09 Acres
Roof Type: Asphalt, Rubber
Taxes: $4,311
Year Built: 1940
Feature Descriptions
Exterior: Aluminum Siding
Lot: Corner Lot
Lot Dimensions: 45x 90
Parcel#: 14330377032000
Parking: No Garage, Yes, Garage Owned, Attached, Off Street, Owned, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: Capital
Water: Public
Local Schools
Middle School: Franklin Middle School
Elementary School: Graham Elementary School
School District: District 186
Listed By / Shown By
Listed By
Agency Name: Realty One Group Inc.
Agency Phone: 773-427-9200
Shown By
Agency Title: Dickerson & Nieman Realtors
Agency Phone: 815-227-5900
Estimate Your Payment
Estimated Payment
$ 925.63 per month $500.75 Principal & Interest $359.25 Property Tax $65.63 Homeowner's Insurance
701 W Vine Street | MLS# 12664625
This multi-family property located at 701 W Vine Street, Springfield, IL 62704 is currently listed for sale with an asking price of $225,000. W Vine Street is located within the District 186 school district. Search Springfield real estate on www.dickersonnieman.com today.