Sold
Last Sold Price
2,342 sqft$51/sqft
404 W Washington St, Springfield, IL 62702
Multi FamilyProperty Type
4,640 sq ftLot Size
$51/sq ftPrice per sq ft

Description

If you're looking for an investment property in downtown Springfield, Illinois, this duplex at 404 West Washington is a great option. This property is in a prime location, with easy access to local shops, restaurants, and other amenities. The upper level of the duplex features four bedrooms and one bathroom, and was previously rented for $1388 per month. Currently, the unit is vacant, which presents a unique opportunity for the new owner to set their own rental rates and find a new tenant. The lower...If you're looking for an investment property in downtown Springfield, Illinois, this duplex at 404 West Washington is a great option. This property is in a prime location, with easy access to local shops, restaurants, and other amenities. The upper level of the duplex features four bedrooms and one bathroom, and was previously rented for $1388 per month. Currently, the unit is vacant, which presents a unique opportunity for the new owner to set their own rental rates and find a new tenant. The lower level unit is currently occupied and rents for $475 per month, providing a steady source of rental income. As the owner, you'll be responsible for paying for water, garbage, and mowing, making this property an easy and low-maintenance investment. The property also boasts a charming exterior with a covered porch and plenty of curb appeal. Overall, this duplex at 404 West Washington is a great investment opportunity in a desirable location with strong rental potential. Whether you're a seasoned investor or just starting out, this property is definitely worth considering. Don't miss out on your chance to own a valuable asset in the heart of downtown Springfield.
  • Listed by: Jerry George 217.638.1360 jgeorge@thegroup.com • The Real Estate Group, Inc.
Listing closed: 05/16/2023 12:00 AM • Source: RMLS ALLIANCE, MLS#: CA1021039

Recent comparable sales

Median sold price

$115,000

Avg days on market

34

Sale-to-list ratio

95.5%

Springfield, IL

9 comparable properties found

$111,500 | 317 South State Street, Springfield, IL 62704
1/2
1

$111,500

Sold 04/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,100
Square Feet
0.17
Acres
$125,000 | 110 West Vine Street, Springfield, IL 62704
1/2
2

$125,000

Sold 01/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,422
Square Feet
0.11
Acres
$138,000 | 1429 West Washington Street, Springfield, IL 62702
1/41
3

$138,000

Sold 01/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,150
Square Feet
0.14
Acres
$130,000 | 1600 South Spring Street, Springfield, IL 62704
1/2
4

$130,000

Sold 11/20/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,530
Square Feet
0.11
Acres
$96,000 | 1129 South Spring Street, Springfield, IL 62704
1/11
5

$96,000

Sold 01/28/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,078
Square Feet
0.12
Acres
$147,000 | 1143 West Monroe Street, Springfield, IL 62704
1/39
6

$147,000

Sold 12/18/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,444
Square Feet
0.21
Acres
$100,000 | 1616 South 7th Street, Springfield, IL 62703
1/2
7

$100,000

Sold 10/06/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,664
Square Feet
0.14
Acres
$90,000 | 1224 North Rutledge Street, Springfield, IL 62702
1/29
8

$90,000

Sold 02/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,023
Square Feet
0.20
Acres
$115,000 | 516 Highland Avenue, Springfield, IL 62704
1/8
9

$115,000

Sold 05/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,100
Square Feet
0.13
Acres

Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

Add your commute

Payment Calculator

$715 per month

30 year fixed, 6.55% Interest

Principal and Interest

$610

Property Taxes

$105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 404 West Washington Street

Property Details
  • Taxes: $1,261 / year
  • MLS Type: Residential Income / Residential Income
  • Parking Total: 4.0
  • Subdivision Name: None
Building Information
  • Residences: 2
  • Lot Size: 0.11 AC / 4,640 SF
Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: East on Washington, house is on Right
  • Latitude: 39.801653
  • Longitude: -89.658773
  • MLSArea Minor: Springfield
  • Postal Code: 62702
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 14-33.0-203-007
  • Tax Annual Amount: $1,261
  • Tax Legal Description: N 117' L 2 B 1 Thos Lewis 3rd Addn
  • Tax Year: 2021
School Information
  • High School: Springfield District #186
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Two or More Story
  • Building Area Total: 2342.0
  • Lot Features: Level
  • Lot Size Dimensions: 116x40
  • Number Of Units Total: 2
  • 100 Year Plain: No
  • Road Surface Type: Paved
Property and Assessments
  • Documents Available: Legal Description
  • New Construction: No
  • Year Built: 0
Utilities
  • Number Of Electric Meters: 2
  • Number Of Gas Meters: 2
  • Numberof Water Meters: 1
  • Water Sewer Expense: $60
  • Water Source: Public Sewer, Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement: Full, Unfinished
  • Heating: Forced Air, Gas, Central Air, Window Unit(s)
  • Number Of Central Air Units: 0
  • Number Of Dishwashers: 0
  • Number Of Dryers: 0
  • Number Of Heating Units: 1
  • Number Of Ranges: 2
  • Numberof Refrigerators: 2
  • Number Of Washers: 0
  • Number Of Water Heaters: 1
  • Number Of Window Units: 1
  • Operating Recording Device: None
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $0
  • Insurance Expense: $600
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Net Operating Income: $-1,945
  • Operating Expense: $684
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $24
Unit 1
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Number Parking: 2
  • Number Uncovered: 2
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2

Property History for 404 West Washington Street

DateEvent & SourcePriceAppreciation
May 16, 2023

Sold

RMLS ALLIANCE #CA1021039

$120,000
May 12, 2023

Sold (Public Record)

Public Record #1512180032

$120,000

+18.8% / yr

Mar 18, 2023

Pending

RMLS ALLIANCE #CA1021039

DateEvent & SourcePrice
05/16/2023

Sold

RMLS ALLIANCE #CA1021039

$120,000
05/12/2023

Sold (Public Record)

Public Record #1512180032

$120,000

+18.8% / yr

03/18/2023

Pending

RMLS ALLIANCE #CA1021039

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 404 West Washington Street

Taxable ValueLand$4,345Additions$42,351Total$46,696
Tax Record2025$3,781 ($315 / month)
Home Facts
Beds0Lot Size4,655 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-33.0-203-007

Schools near 404 West Washington Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Elizabeth Graham Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Springfield High School
Public9 to 12

Douglas School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 62702

$17,500 | 820 North 6th Street, Springfield, IL 62702
1/24
Contingent

$17,500

3
Bedrooms
2,256
Square Feet
0.17
Acres
a front view of a house with garden

$55,753

2
Bedrooms
696
Square Feet
0.12
Acres
a view of a house with a yard
1/11

$42,000

2
Bedrooms
700
Square Feet
0.11
Acres
a close up of a storage
1/7

$33,900

3
Bedrooms
2,080
Square Feet
0.14
Acres
$27,000 | 1515 North Lincoln Avenue, Unit 14, Springfield, IL 62702
1/8

$27,000

2
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
$139,900 | 1215 North 5th Street, Springfield, IL 62702
1/29

$139,900

4
Bedrooms
1,530
Square Feet
0.20
Acres
$93,900 | 1624 North 28th Street, Springfield, IL 62702
1/11

$93,900

2
Bedrooms
704
Square Feet
Unavailable
Acres
$67,000 | 1617 East Matheny Avenue, Springfield, IL 62702
1/11

$67,000

2
Bedrooms
831
Square Feet
0.16
Acres
$75,000 | 820 North 8th Street, Springfield, IL 62702

$75,000

3
Bedrooms
1,400
Square Feet
0.14
Acres

Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 05/17/2023 10:57 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.