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$218,000
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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.
Full Property Details
Full Property Details for 701 W Vine St
General
- Sold For: $218,000
- Taxes: $4,311 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12664625
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Attached garage: Yes
- Total Spaces: 6
- Parking Features: No Garage, Yes, Garage Owned, Attached, Off-Street, Owned, Garage
Location
- Area: Springfield
- County: Sangamon
- Driving Directions: Corner of W Vine and Glenwood Ave
School Information
- School District: 186
- Midd School District: 186
- Elementary School: Graham Elementary School
- Middle School: Franklin Middle School
Heating & Cooling
- Heating Type: Other
Utilities
- Water: Public
Structural Information
- Architectural Style: Bi-Level
- Construction: Aluminum Siding
- Exterior Const.: Aluminum Siding
- Basement Desc.: Unfinished, Block, Full
- Foundation: Block
- Roof: Asphalt, Rubber
- Year Built: 1940
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 45 x 90
- Lot Features: Corner Lot
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1940
- Tax Amount: $4,311.5
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 14330377032000
Listed by Realty One Group Inc.
Sold by Non Member
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Schools
Schools serving 701 W Vine St
School District:Springfield School District 186
| Name | Grades | Distance |
|---|---|---|
Elizabeth Graham Elementary School 900 West Edwards Street, Springfield, IL 62704 | PK-5 | 0.5 mi |
Benjamin Franklin Middle School, Springfield, IL 1200 Outer Park Drive, Springfield, IL 62704 | 6-8 | 1 mi |
Springfield High School 101 South Lewis Street, Springfield, IL 62704 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
701 W Vine Street, Springfield, IL 62704 (MLS# 12664625) is a Multi-Family property that was sold at $218,000 on July 09, 2026. Want to learn more about 701 W Vine Street? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.
