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Sold on 06/16/2026
Jorge Romero of Realty One Group Inc.
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701 W Vine St, Springfield, IL 62704

  • $218,000

    Last sold 06/16/2026 after 75 Days

  • 4

    bed

  • 2

    bath

Multi-family not for sale
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About 701 W Vine St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Movoto estimate
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.
Listed by
Listing Agent - Jorge Romero
Listing Office - Realty One Group Inc.
Source: MRED mls logo
MLS#12664625 • last updated 1 month ago
Movoto checked MRED for data 21 minutes ago
Overview
Heating Other
Levels/Style Bi-Level, Bi-Level
MLS # 12664625
Virtual Tour N/A
SubType 2 Story Unit/s
Status Closed
Type Two To Four Units
Property Tax $ 4311.5
Year Built 1940
Interior
Total # of Rooms 14
Exterior
Foundation Block
Construction Aluminum Siding
Patio and Porch Porch
Exterior Features Balcony
Lot Desc Less Than 0.25 Acre, Corner Lot
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 2
Location
Area Springfield
County Sangamon
Elementary School Graham Elementary School
Elementary School District 186
Middle School District 186
Middle School Franklin Middle School
High School District 186
APN 14330377032000
Zoning MULTI
Directions Corner Of W Vine And Glenwood Ave
Multifamily Details
Net Operating Income 18336
Gross Income 24600
$214K
Range: $192K-$235K
Last 30 days 
  • Year Property taxes Tax assessment
  • 2024
    $4,172 +19.9%
    $49,666 +9.48%
  • 2023
    $3,480 +4.9%
    $45,365 +5.42%
  • 2022
    $3,319 +4.1%
    $43,033 +3.89%
  • 2021
    $3,188 +2.0%
    $41,422 -0.15%
  • 2020
    $3,126 +56.3%
    $41,484 +0.35%
  • 2019
    $2,000
    $41,339
  • 2018
    $2,000 +2.5%
    $41,339 +41.14%
  • 2017
    $1,952 +2.4%
    $29,289 +1.48%
  • 2016
    $1,907 +1.3%
    $28,862 +1.21%
  • 2015
    $1,882 -2.7%
    $28,517
  • 2014
    $1,934 -39.2%
    —
  • 2013
    $3,182
    —
  • 701 W Vine St
    $218K
  • Historic West-Side
    $159K +9% y/y
  • 62704
    $207K +9% y/y
  • Springfield
    $184K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Springfield High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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