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Iles Park Home for Sale

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  • 1935 S 5th St, Springfield, IL 62703
    1935 S 5th St, Springfield, IL 62703
    1935 S 5th St, Springfield, IL 62703
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    $29,000

    • 5 Beds
    • 1,587 Sq Ft

    1935 S 5th St, Springfield, IL 62703

    Attention investors: this duplex property is in need of renovation but has a lot of potential to generate the great incomes. Lower unit has 4 bedrooms with 1 bathroom, upstairs unit 1 bedroom with 1 bathroom, all electric in upper unit with separate electric meter, main level unit also has separate gas and electric meters, the owner paid water for both units. The price reflects the defects and

    Jerry George The Real Estate Group, Inc.

    1935 S 5th St, Springfield, IL 62703
Illinois Sangamon County Springfield Iles Park

Real Estate & Homes for Sale in Iles Park, Springfield

Why Live in Iles Park
The Springfield community of Iles Park, situated just over a mile south of downtown, is known for its historic homes and active community. Its residential streets feature early 1900s architecture, including Victorians and American Foursquares. Despite some neglect from absentee landlords, the Iles Park Neighborhood Association (IPNA) actively works to enhance the community, creating a friendly atmosphere. The neighborhood offers comparatively lower home prices, with homes selling well below the city average. Iles Park is a central green space that offers pickleball courts, walking trails, a playground, a baseball diamond and a skate park, making it a hub for community activities. Dining options include Grab-A-Java for coffee and pastries and Railyard Cafe, which hosts open-mic and food truck events. Nearby Pita-or-Bowl and The Taco Joint offer diverse culinary experiences, and George Rank's dive bar features live music and an outdoor beer garden. Essentials are available at the Hy-Vee grocery store, 2 miles away. The neighborhood is served by highly rated Southeast High School and the top-rated magnet, Iles School. With bus lines to downtown and the medical district, as well as proximity to Interstate 55, Iles Park offers convenient commuting options.
Learn more about living in Iles Park

Frequently Asked Questions

Is Iles Park a good place to live?
Iles Park is a good place to live. Iles Park is considered somewhat walkable and somewhat bikeable with some transit options. Iles Park is an urban pioneer neighborhood. Iles Park has 3 parks for recreational activities. It is very dense in population with 33.0 people per acre and a median age of 35. The average household income is $55,032 which is below the national average. College graduates make up 20.7% of residents. A majority of residents in Iles Park are renters, with 52% of residents renting and 48% of residents owning their home. A local real estate agent serving Iles Park can help you decide if this neighborhood is the right one for you. Learn more on our Iles Park neighborhood guide.
Is Iles Park, IL a safe neighborhood?
Iles Park, IL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Iles Park?
The median home price in Iles Park is $105,000. If you put a 20% down payment of $21,000 and had a 30-year fixed mortgage with an interest rate of 6.38%, your estimated principal and interest payment would be $520 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $22K a year to afford the median home price in Iles Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Iles Park is $55K.
What are the best public schools in Iles Park?
The best public schools that serve Iles Park are:
What are the best private schools in Iles Park?
The best private schools that serve Iles Park are:
What are the most popular zip codes in Iles Park, Springfield, IL?
The most popular zip codes in Iles Park, Springfield, IL include 62703, 62704, 62702, 62711 and 62707.
What are the most popular neighborhoods near Iles Park, Springfield, IL?
The most popular neighborhoods near Iles Park, Springfield, IL are Harvard Park, Bunn Park, Historic West Side, Enos Park and Pasfield Park Place.

Home Trends in Iles Park, IL

On average, homes in Iles Park, Springfield sell after 22 days on the market compared to the national average of 55 days. The median sale price for homes in Iles Park, Springfield over the last 12 months is $105,000, up 24% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$105,000
Median Single Family Sale Price
$105,000
Average Price Per Sq Ft
$66
Number of Homes for Sale
0
Last 12 months Home Sales
25
Months of Supply
0.00
Median List Price
$105,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
24%
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