701 Vine Street, Springfield, Illinois 62704
$218,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 4 |
| Baths: | 0 |
| Year Built: | 1940 |
| Property Taxes: | $4,312 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1940 | |
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| No | |
| — |
| Sangamon | |
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| — / — | |
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| — | |
| 12664625 | |
| 14330377032000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Graham Elementary School |
186 | — | |
|
Middle School
Franklin Middle School |
186 | Not in DB | |
Room Specifics
Total Bedrooms: 4
Bedrooms Above Ground: 4
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 0 | |
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| — | |
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| — | |
| 45x 90 | |
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| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
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| — |
Contact Agent
Contact Agent
Listing Provided By
Realty One Group Inc.
