701 W Vine St

Springfield, IL 62704

$225,000
Price
4
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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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...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.
  1. Listed by Jorge Romero • Realty One Group Inc.
    P: (773)-427-9200 jorge@realtyonegroupinc.com

Property Details for 701 West Vine Street

Area
Springfield
Township
Capital
Ownership
Fee Simple
Num Of Garage Spaces
0.0
Num Of Parking Spaces
6.0
Parking Included in Price
Yes
Heat/Fuel
Other
Architectural Style
Bi-Level
LISTING UPDATED: 06/08/2026 01:06 PM

Property Details for 701 West Vine Street

StatusNew
MLS #12664625
Days on MarketListed Today
Taxes$4,312 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S / Two to Four Units
Year Built1940
Lot Size0.09 AC / 4,050 SF
CountySangamon County
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Location

Listing Courtesy of Realty One Group Inc.
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Building Information for 701 West Vine Street

Stories-Residences2Year Built1940Building Size-Lot Size0.09 AC / 4,050 SF

Payment Calculator

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$1,481 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,121

Property Taxes

$359

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 701 West Vine Street

General Information
School Information
  • Elementary School District: 186
  • Elementary School: Graham Elementary School
  • Jr High Middle School: Franklin Middle School
  • High School District: 186
  • Middle Or Junior School District: 186
Addtl Parking Information
  • Parking Details: No Garage, Yes, Garage Owned, Attached, Off Street, Owned, Garage
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Unfinished, Block, Full
  • Bedrooms Possible: 4
  • Basement Bathrooms: No
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Exterior Features
  • Levels: Bi-Level
  • Patio And Porch Features: Porch
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • Exterior Property Features: Balcony
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 81-90 Years
  • Lot Description: Corner Lot
  • Lot Size: Less Than .25 Acre
  • Lot Size Source: Other
  • Lot Dimensions: 45x 90
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding
  • Construction: Aluminum Siding
  • Roof Type: Asphalt, Rubber
  • Foundation Details: Block
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 1
  • Document Date: 2026-06-08T14:54:06
  • Photos Count: 29
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $24,600.00
  • Net Operating Income: $18,336.00
Unit 1
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: M/M
Unit 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: M/M

Property History for 701 West Vine Street

DateEvent & SourcePriceAppreciation
Feb 28, 2014

Sold (Public Record)

Public Record #1112118796

$85,000

-2.2% / yr

Jan 13, 2005

Sold (Public Record)

Public Record #1112108122

$104,000—
DateEvent & SourcePrice
02/28/2014

Sold (Public Record)

Public Record #1112118796

$85,000

-2.2% / yr

01/13/2005

Sold (Public Record)

Public Record #1112108122

$104,000

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

Public Records for 701 West Vine Street

Taxable ValueLand$6,323Additions$46,929Total$53,252
Tax Record2025$4,312 ($359 / month)
Home Facts
Beds0Lot Size3,496 SqFtStyleSingle Family ResidenceCountySANGAMONAPN14-33.0-377-032

Schools near 701 West Vine Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Elizabeth Graham Elementary School
Public - K to 5
Benjamin Franklin Middle School
Public - 6 to 8
Springfield High School
Public - 9 to 12
Lawrence Education Center
Public - 9 to 12
Rating
School
Distance
Elizabeth Graham Elementary School
PublicK to 5

Benjamin Franklin Middle School
Public6 to 8

Springfield High School
Public9 to 12

Lawrence Education Center
Public9 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.

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More information about 701 West Vine Street, Springfield, IL 62704

701 West Vine Street is a multi-family home for sale in Springfield, IL 62704. This listing's school district is Springfield School District 186. Nearby schools include Elizabeth Graham Elementary School, Benjamin Franklin Middle School and Springfield High School. 701 West Vine Street is a 4-bed, 2-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Inc.

Based on information from one of the following Multiple Listing Services: RMLS Alliance. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by RMLS Alliance is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.