516 S Martin Luther King Jr Drive Springfield, IL ^$ 54,793

516 S Martin Luther King Jr Drive

^$ 54,793

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516 S Martin Luther King Jr Drive

Springfield, IL, 62703

^$ 54,793

Bedrooms2 Baths1.0 Sq 1,071

Monthly Estimate*

^$ 337

516 S Martin Luther King Jr Drive, Springfield, IL 62703 - Image 1

Single Family Home for sale in Springfield, IL

for $54,793 with 2 bedrooms and 1 full bath. This 1,071 square foot home was built on a lot size of 0.14.

Single Family Active

Price

^$ 54,793

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 1,063

Style

Lot Size

0.14

Town/City

Springfield

County/Region

Sangamon

MLS | Web ID

12646034

Features

General

Living Area 1071

Sewer Public Sewer

Heating None

Cooling None

Possession Closing

Association Fee Includes None

Construction Materials Vinyl Siding

Township Capital Townsh

Tax Year 2025

Ownership Fee Simple

Assoc Fee Paid Per Not Applicable

County Sangamon

New Construction N

Property Type Residential Detached Single

Total Rooms 2

Full Baths 1

Status Active

Directions ON S MARTIN LUTHER KING JR DR FROM E JACKSON ST. ARRIVE AT 516 MLK

City Springfield

High School District 186

MLS Area Springfield

Tax Annual Amount 1063.04

Standard Status Active

Middle/Junior School District 1

Elementary School District 1

Interior

Basement None

Half Baths 0

Total Bedrooms 2

Room Type No additional rooms

Total Baths 1

Bedrooms Possible 2

Exterior

Parking Features Yes

Water Source Public

Total Parking 2

Lot Dimensions 152.50X40

Lot Size Acres 0.14

Waterfront Y/N N

* Excluded Features

List By

The Lozano Group

Broker

lozajuan.jl@gmail.com

Affordability Calculator

$426

Per Month

Monthly Principal & Interest: $337
Monthly Property Taxes: $89
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

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Nearby

Trends
Schools

Single family listings in Springfield, IL

Average List Price ^$123,503

Percent of Sale Price 125%

About Springfield, IL

114,048 Population

1% Since 2002

^$50,688 Median Income

39.41 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4131929 Elementary School

4131927 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/20/2026	$54,793		Listed Price

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516 S Martin Luther King Jr Drive, Springfield, IL, 62703 is a Single Family Home for sale at $54,793 with 1,071 sqft and a lot size of 0.14. 516 S Martin Luther King Jr Drive has 2 bedrooms and 1.0 baths. The property's zip code is 62703 which is in Springfield, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/26/2026.

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516 S Martin Luther King Jr Drive

Single Family Home for sale in Springfield, IL

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