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Sold for $120,000 on 05/16/23
  • $120,000

    404 W Washington St, Springfield, IL 62702

    5beds
    2baths
    2,342sqft
    Multi Family
    Built in ----
    -- sqft lot
    $139,900 Zestimate®
    $51/sqft
    $1,509 Estimated rent

    Home value

    $139,900

    $129,000 - $151,000

    $1,509/mo

    Zestimate® history
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    $1,509/mo

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    $1,509/mo

    Rent Zestimate®

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    $698/mo

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    $698/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 17, 2023 at 08:57am

    Listed by:

    Jerry George Pref:217-638-1360,

    The Real Estate Group, Inc.

    Bought with:

    Jerry George, 475159363

    The Real Estate Group, Inc.

    Source: RMLS Alliance,MLS#: CA1021039MLS LogoOriginating MLS: Capital Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Range, Refrigerator, Water Heater
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,342
    • Total interior livable area: 2,342 sqft

    Property

    Parking
    • Total spaces: 4
    Lot
    • Size: 4,640 sqft
    • Dimensions: 116 x 40
    • Features: Level
    Details
    • Parcel number: 1433.0203007

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Springfield
    • Subdivision: None

    Other

    Other facts
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/1/2023Listing removed--
    Source: Zillow Rentals
    6/30/2023Price change$1,300-7.1%$1/sqft
    Source: Zillow Rentals
    5/26/2023Price change$1,400-6.7%$1/sqft
    Source: Zillow Rentals
    5/23/2023Listed for rent$1,500$1/sqft
    Source: Zillow Rentals
    5/16/2023Sold$120,000-7.7%$51/sqft
    Source: RMLS Alliance #CA1021039

    Public tax history

    YearProperty taxesTax assessment
    2024$3,658 +4%$43,551 +9.5%
    2023$3,517 +33.7%$39,780 +35.5%
    2022$2,631 +108.6%$29,358 +46.7%

    Find assessor info on the county website

    Neighborhood: Vinegar Hill

    Nearby schools

    GreatSchools rating
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