701 W Vine St Springfield, IL 62704
Historic West Side NeighborhoodEstimated payment $1,578/month
Highlights
- Property is near park
- Corner Lot
- Porch
- Springfield High School Rated A-
- Balcony
- 3-minute walk to Washington Park Pavilion
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.
Listing Agent
Realty One Group Inc. Brokerage Email: jorge@realtyonegroupinc.com License #471003039 Listed on: 06/08/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,312
Year Built
- Built in 1940 | Remodeled in 2016
Lot Details
- Lot Dimensions are 45x 90
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- 2-Story Property
- Block Foundation
- Asphalt Roof
- Rubber Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 6 Car Attached Garage
- No Garage
- Parking Available
- Off-Street Parking
- Parking Included in Price
Outdoor Features
- Balcony
- Porch
Location
- Property is near park
Schools
- Graham Elementary School
- Franklin Middle School
Community Details
Overview
- 2 Units
Building Details
- Gross Income $24,600
- Net Operating Income $18,336
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,312 | $53,252 | $6,323 | $46,929 |
| 2024 | $4,172 | $49,666 | $5,897 | $43,769 |
| 2023 | $3,480 | $45,365 | $5,386 | $39,979 |
| 2022 | $3,319 | $43,033 | $5,109 | $37,924 |
| 2021 | $3,188 | $41,422 | $4,918 | $36,504 |
| 2020 | $3,126 | $41,484 | $4,925 | $36,559 |
| 2019 | $3,066 | $41,339 | $4,908 | $36,431 |
| 2018 | $2,000 | $29,673 | $4,883 | $24,790 |
| 2017 | $1,952 | $29,289 | $4,820 | $24,469 |
| 2016 | $1,907 | $28,862 | $4,750 | $24,112 |
| 2015 | $1,882 | $28,517 | $4,693 | $23,824 |
| 2014 | $1,934 | $28,333 | $4,663 | $23,670 |
| 2013 | $3,182 | $39,279 | $4,663 | $34,616 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/08/2026 06/08/26 | For Sale | $225,000 | +164.7% | -- | |
| 03/03/2014 03/03/14 | Sold | $85,000 | -5.5% | $27 / Sq Ft | View Prior Sale |
| 02/17/2014 02/17/14 | Pending | -- | -- | -- | |
| 01/20/2014 01/20/14 | For Sale | $89,900 | -- | $29 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Deed | $85,000 | -- | |
| Deed | -- | -- | |
| Deed | $81,500 | -- | |
| Deed | -- | -- | |
| Deed | $104,000 | -- | |
| Deed | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12664625
APN: 14-33.0-377-032
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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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 713 W Vine St
- 706 South Grand Ave W
- 1020 S Macarthur Blvd
- 1032 W Vine St
- 1050 Williams Blvd
- 452 S Grand Ave W
- 1517 S State St
- 841 S Glenwood Ave
- 1301 S Douglas Ave Unit A
- 1809 S State St
- 433 W Lawrence Ave
- 932 W Edwards St
- 115 W Allen St
- 1519 S Spring St
- 447 W Cook St
- 1928 S State St
- 1708 S Spring St
- 730 W Ash St
- 1912 S Whittier Ave
- 1325 S Bates Ave
- 741 W Vine St
- 731 S Grand Ave W
- 1119 S Macarthur Blvd
- 515 S Grand Ave W Unit I
- 1713 S State St Unit B
- 331 W Cedar St Unit 3
- 423 W Lawrence Ave
- 436 W Cook St Unit 436 1/2 W. Cook Street
- 1219 W Lawrence Ave Unit CJ Suite
- 437 W Edwards St
- 914 S 2nd St Unit 1
- 910 S 2nd St Unit Upper
- 1608 S 2nd St
- 1407 S 4th St Unit 1-downstairs
- 1710 S Henry St
- 329 S Park Ave
- 520 S 2nd St
- 619 S 5th St
- 1600 S 6th St
- 613 S 5th St
Ask me questions while you tour the home.