Movoto Real Estate
Sold on 05/17/2023
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404 W Washington St, Springfield, IL 62702

  • $136,000

    Last sold 05/17/2023 for $120K

  • bed

  • bath

Multi-family not for sale
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About 404 W Washington St

Property type Multi-family
Neighborhood
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
If you're looking for an investment property in downtown Springfield, Illinois, this duplex at 404 West Washington is a great option. This property is in a prime location, with easy access to local shops, restaurants, and other amenities. The upper level of the duplex features four bedrooms and one bathroom, and was previously rented for $1388 per month. Currently, the unit is vacant, which presents a unique opportunity for the new owner to set their own rental rates and find a new tenant. The lower level unit is currently occupied and rents for $475 per month, providing a steady source of rental income. As the owner, you'll be responsible for paying for water, garbage, and mowing, making this property an easy and low-maintenance investment. The property also boasts a charming exterior with a covered porch and plenty of curb appeal. Overall, this duplex at 404 West Washington is a great investment opportunity in a desirable location with strong rental potential. Whether you're a seasoned investor or just starting out, this property is definitely worth considering. Don't miss out on your chance to own a valuable asset in the heart of downtown Springfield.
Listed by
Listing Agent Contact: Pref: 217-638-1360
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1021039 • last updated 3 years ago
Movoto checked RMLS Alliance for data 8 minutes ago
Overview
Heating Forced Air, Gas, Central Air, Window Unit(s)
Levels/Style Two Or More Story
MLS # CA1021039
Status Sold
SubType Residential Income
Property Tax 1260.94
Exterior
Roof Shingle
Construction Vinyl Siding
Parking Other
# of Parking Spaces 4
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-33.0-203-007
Directions East On Washington, House Is On Right
Multifamily Details
Total # of Units 2
Net Operating Income -1945
Expense: Water/Sewer 60
Expense: Operating 684
Expense: Trash 24
Lot/ Land Details
Road Surface Paved
$136K
Range: $119K-$152K
Last 30 days 
Rental est.: $1,120/month
Gross rent multiplier: 8.9 - Good
  • May 2023
    Public Records
  • May 22, 2023 Sold
    $120,000 (+41.2%)
  • May 2021
    Public Records
  • May 13, 2021 Sold
    $85,000
  • 404 W Washington St
    $120K
  • Vinegar Hill
    $142K +18% y/y
  • 62702
    $124K -3% y/y
  • Springfield
    $187K +1% y/y
No chart available
Statistics calculated by Movoto

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2/10
5/10
Source: GreatSchools.org © 2026. All rights reserved.

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