701 W Vine Street
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.
- Nami Poke 800 ft
- Little Caesars 0.3 mi
- D & J Cafe 0.4 mi
- Papi's Pizza Pub 0.4 mi
- Lumpia House 0.5 mi
- Bernie & Betty's Pizza and Fine Food 0.5 mi
- Pasfield Stop N Save 0.4 mi
- Hometown Pantry 0.5 mi
- Hometown Pantry 0.6 mi
- Circle K 0.6 mi
- Spring Market 0.7 mi
- Handy Pantry 0.7 mi
- Washington Park 0.6 mi
- Iles Park 1.2 mi
- Lincoln Home National Historic Site 1.3 mi
- Old State Capitol Plaza 1.3 mi
- Duncan Park 1.3 mi
- Union Square Park 1.4 mi
- Caribou Coffee 0.9 mi
- Grab-a-Java 1.0 mi
- Incredibly Delicious 1.0 mi
- Cafe Fresca 1.0 mi
- Custom Cup Coffee 1.1 mi
- The Cats' Pyjamas 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12664625