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Iles Park Multifamily Home for Sale

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    $198,500

    • 9 Beds
    • 2,260 Sq Ft

    400 E Laurel St, Springfield, IL 62703

    INVESTMENT OPPORTUNITY! Up and down duplex. Upper unit 5BR 2BA $1300 monthly rent. Lower unit 4BR 2BA $1300 monthly rent. Tenant pays all utilities except trash. Four car garage can be rented for $300 per month.

    Debra Sarsany The Real Estate Group, Inc.

    400 E Laurel St, Springfield, IL 62703

Why Live in Iles Park

The Iles Park neighborhood in Springfield, just over a mile south of downtown, is known for its historic homes and active community. Featuring early 1900s architecture like simple Victorians and American Foursquares, the area often showcases unique original woodwork. Despite some neglect from absentee landlords, the Iles Park Neighborhood Association (IPNA) actively works to enhance the community, creating a friendly atmosphere. The neighborhood is among Springfield's most affordable, with home prices well below the city average. Iles Park, a central green space, 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, while 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 Southeast High School, which has a high rating, and Iles School, a magnet option with an A-minus grade, offering an International Baccalaureate program. Safer than the national average, Iles Park benefits from rail improvement projects reducing train noise. With bus lines to downtown and the medical district, and proximity to Interstate 55, Iles Park offers convenient commuting options.

Home Trends in Iles Park, IL

Housing Trends

Median Sale Price
$85,000
Median Single Family Sale Price
$80,000
Average Price Per Sq Ft
$57
Number of Homes for Sale
4
Last 12 months Home Sales
23
Months of Supply
2.10
Median List Price
$85,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-22%
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