Back to search
701 W Vine Street Springfield, IL $ 225,000
Share Save
$ 225,000 Get more info
701 W Vine Street
$ 225,000
Back to search
Recently Listed
Share Save

701 W Vine Street

Springfield, IL, 62704
$ 225,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 1,385

701 W Vine Street, Springfield, IL 62704 - Image 1
701 W Vine Street, Springfield, IL 62704 - Image 2
701 W Vine Street, Springfield, IL 62704 - Image 3
701 W Vine Street, Springfield, IL 62704 - Image 4
701 W Vine Street, Springfield, IL 62704 - Image 5
701 W Vine Street, Springfield, IL 62704 - Image 6
701 W Vine Street, Springfield, IL 62704 - Image 7
701 W Vine Street, Springfield, IL 62704 - Image 8
701 W Vine Street, Springfield, IL 62704 - Image 9
701 W Vine Street, Springfield, IL 62704 - Image 10
701 W Vine Street, Springfield, IL 62704 - Image 11
701 W Vine Street, Springfield, IL 62704 - Image 12
701 W Vine Street, Springfield, IL 62704 - Image 13
701 W Vine Street, Springfield, IL 62704 - Image 14
701 W Vine Street, Springfield, IL 62704 - Image 15
701 W Vine Street, Springfield, IL 62704 - Image 16
701 W Vine Street, Springfield, IL 62704 - Image 17
701 W Vine Street, Springfield, IL 62704 - Image 18
701 W Vine Street, Springfield, IL 62704 - Image 19
701 W Vine Street, Springfield, IL 62704 - Image 20
701 W Vine Street, Springfield, IL 62704 - Image 21
701 W Vine Street, Springfield, IL 62704 - Image 22
701 W Vine Street, Springfield, IL 62704 - Image 23
701 W Vine Street, Springfield, IL 62704 - Image 24
701 W Vine Street, Springfield, IL 62704 - Image 25
701 W Vine Street, Springfield, IL 62704 - Image 26
701 W Vine Street, Springfield, IL 62704 - Image 27
701 W Vine Street, Springfield, IL 62704 - Image 28
701 W Vine Street, Springfield, IL 62704 - Image 29
701 W Vine Street, Springfield, IL 62704 - Image 30
701 W Vine Street, Springfield, IL 62704 - Image 31
701 W Vine Street, Springfield, IL 62704 - Image 32
701 W Vine Street, Springfield, IL 62704 - Image 33
701 W Vine Street, Springfield, IL 62704 - Image 34
701 W Vine Street, Springfield, IL 62704 - Image 35
701 W Vine Street, Springfield, IL 62704 - Image 36
701 W Vine Street, Springfield, IL 62704 - Image 37
701 W Vine Street, Springfield, IL 62704 - Image 38
701 W Vine Street, Springfield, IL 62704 - Image 39
701 W Vine Street, Springfield, IL 62704 - Image 40
701 W Vine Street, Springfield, IL 62704 - Image 41
701 W Vine Street, Springfield, IL 62704 - Image 42
701 W Vine Street, Springfield, IL 62704 - Image 43

Multi-Family Home for sale in Springfield, IL

for $225,000 with 4 bedrooms and 2 full baths. This home was built in 1940.

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.

See more
Multi-Family Active

Price

$ 225,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,311

Style

Bi-Level

Year Built

1940

Town/City

Springfield

County/Region

Sangamon

MLS | Web ID

12664625
Features
General
Sewer Public Sewer
Heating Other
Possession Closing
Roof Asphalt Rubber
Zoning MULTI
Garage Spaces 0
Architectural Style Bi-Level
Construction Materials Aluminum Siding
Year Built 1940
Township Capital
Tax Year 2025
Ownership Fee Simple
Gross Income 24600
Community Features Park Curbs Sidewalks Street Lights Street Paved
County Sangamon
Net Operating Income 18336
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions Corner of W Vine and Glenwood Ave
City Springfield
High School District 186
MLS Area Springfield
Elementary School Graham Elementary School
Tax Annual Amount 4311.5
Middle/Junior High School Franklin Middle School
Standard Status Active
Middle/Junior School District 186
Elementary School District 186
See more
Interior
Basement Unfinished Block Full
Total Bedrooms 4
Total Baths 2
Bedrooms Possible 4
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
See more
Exterior
Exterior Amenities Balcony
Parking Features No Garage Yes Garage Owned Attached Off Street Owned Garage
Lot Features Corner Lot
Water Source Public
Total Parking 6
Foundation Details Block
Lot Dimensions 45x 90
Waterfront Y/N N
See more
* Excluded Features
List By
Realty One Group Inc.

Broker

jorge@realtyonegroupinc.com

Email

Affordability Calculator

$1,745
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,385
Monthly Property Taxes
$359
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
5492252 Elementary School
5492253 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/8/2026$225,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

701 W Vine Street, Springfield, IL, 62704 is a Multi-Family Home for sale at $225,000. 701 W Vine Street has 4 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 62704 which is in Springfield, IL

Get more info