701 West Vine Street

Springfield IL 62704

Multi-Family

Last sold for $218,000

Jorge Romero, last sold this property on 09 July 2026 after 30 days on market.

Overview

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.

Features

4 bedrooms

2 bathrooms

6 carspaces

Multi-Family

Estimated Value

We need at least 3 similar 4 bedroom multi families sold in Springfield over the last 12 months.

Property history for 701 West Vine Street

2026

Sold

$218,000

09 Jul 2026 by Jorge Romero, of Realty One Group Inc.

Happy sellers in Springfield

We have insufficient information to provide an overview of customer satisfaction for Springfield. Viewing the agent profiles, reviews and sales for Springfield can provide insights for this location.