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.
Contingent
$225,000
701 W Vine St, Springfield, IL 62704
4beds
--sqft
Multi Family
Built in 1940
-- sqft lot
$223,100 Zestimate®
$--/sqft
$-- HOA
What's special
New shingle roof
- --
- on Zillow |
- 1,057
- views |
- 38
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Zillow last checked:
Listed by:
Jorge Romero jorge@realtyonegroupinc.com,
Realty One Group Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12664625
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Features
- Basement: Unfinished,Block,Full
Property
Parking
- Total spaces: 6
- Parking features: No Garage, Yes, Garage Owned, Attached, Off Street, Owned, Garage
- Has attached garage: Yes
Features
- Levels: Bi-Level
- Patio & porch: Porch
- Exterior features: Balcony
Lot
- Size: 4,050 Square Feet
- Dimensions: 45x 90
- Features: Corner Lot
Details
- Parcel number: 14330377032000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bi-Level
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Foundation: Block
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1940
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Springfield
Financial & listing details
- Tax assessed value: $148,998
- Annual tax amount: $4,311
- Ownership: Fee Simple
Estimated market value
$223,100
$212,000 - $234,000
$1,291/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/3/2014 | Sold | $85,000-5.5% |
Source:  RMLS Alliance as distributed by MLS GRID #CA140219 Report a problem | ||
| 1/21/2014 | Listed for sale | $89,900-19.7% |
Source: RMP of Springfield,LLC dba Remax Professionals #140219 Report a problem | ||
| 7/1/2012 | Listing removed | $112,000 |
Source: Advantage Realty of Springfield, IL #114388 Report a problem | ||
| 5/2/2012 | Price change | $112,000-2.6% |
Source: Advantage Realty of Springfield, IL #114388 Report a problem | ||
| 8/27/2011 | Listed for sale | $115,000+10.6% |
Source: Advantage Realty of Springfield, IL #114388 Report a problem | ||
| 1/14/2005 | Sold | $104,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,172 +19.9% | $49,666 +9.5% |
| 2023 | $3,480 +4.9% | $45,365 +5.4% |
| 2022 | $3,319 +4.1% | $43,033 +3.9% |
| 2021 | $3,188 +2% | $41,422 -0.1% |
| 2020 | $3,126 +56.3% | $41,484 +0.4% |
| 2019 | $2,000 | $41,339 +39.3% |
| 2018 | $2,000 +2.5% | $29,673 +1.3% |
| 2017 | $1,952 +2.4% | $29,289 +1.5% |
| 2016 | $1,907 +1.3% | $28,862 +1.2% |
| 2015 | $1,882 -2.7% | $28,517 +0.6% |
| 2014 | $1,934 -39.2% | $28,333 -27.9% |
| 2013 | $3,182 +2% | $39,279 |
| 2012 | $3,122 +925.2% | $39,279 |
| 2011 | $304 -89.7% | $39,279 +1% |
| 2010 | $2,969 +3% | $38,901 +1.4% |
| 2009 | $2,881 +6% | $38,348 +4.2% |
| 2008 | $2,718 +1.4% | $36,802 +4.9% |
| 2007 | $2,680 +19.2% | $35,070 +3.8% |
| 2006 | $2,248 | $33,783 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Historic West Side
Nearby schools
GreatSchools rating
- 3/10Elizabeth Graham Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Springfield High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Graham Elementary School
- Middle: Franklin Middle School
- District: 186
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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