701 W Vine ST, Springfield, IL 62704
701 W Vine ST, Springfield, IL 62704
701 W Vine ST, Springfield, IL 62704
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$225,000
Est. payment /mo
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4 Beds
2 Baths
New

701 W Vine ST Springfield, IL 62704

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Sharie Jackson

Sharie Jackson

+1(708) 231-8901

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12664625

Style Bi-Level

Bedrooms 4

Year Built 1940

Annual Tax Amount $4,311

Tax Year 2025

Lot Dimensions 45x 90

Property Sub-Type Two to Four Units

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.

Location

State IL

County Sangamon

Area Springfield

Zoning MULTI

Rooms

Basement Unfinished, Block, Full

Interior

Heating Other

Fireplace N

Exterior

Exterior Feature Balcony

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt,Rubber

Building

Lot Description Corner Lot

Dwelling Type Two to Four Units

Building Description Aluminum Siding, No

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

New Construction false

Schools

Elementary Schools Graham Elementary School

Middle Schools Franklin Middle School

School District 186 , 186, 186

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jorge Romero of  Realty One Group Inc. 

NEARBY SCHOOL & BUSINESS

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Sharie Jackson

Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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701 W Vine ST

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