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    1224 N Rutledge St Springfield, IL 62702

    New
    For Sale
    $99,900

    Residential Income - Springfield, IL

    Property size:
    2,023 SF
    Days on Market:
    6
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 1224 N Rutledge St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    14-21.0-480-004
    Parking
    2
    Parking features
    Assigned
    Interior features
    Cable Available, High Speed Internet
    Exterior features
    Level
    Size
    2,023 SF

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1909
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Kyle Killebrew (217) 787-7000 License #475109198

    Listing date Dec 10, 2025

    MLS# CA1040896 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Duplex: Income Opportunity

    This residential income property, a side-by-side duplex, is located in Springfield, Illinois, near the medical district. The property is move-in ready and presents an opportunity for cash flow. Unit A, the larger of the two, features two levels, a formal dining room, two bedrooms, and two full bathrooms. The bedrooms and the second full bath are located upstairs, while the main floor includes a living room with a fireplace and a kitchen. Unit B is a one-bedroom, one-bathroom apartment with a large living room and kitchen. Both units have been updated and are in solid condition. Each unit has private entry and access points in the front and rear. A two-car garage, accessed in the alley, can be shared by both units or included/excluded at the owner's discretion. The property size is 2023 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.657036
    Latitude
    39.817448

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    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex in Springfield near the medical district.
    Where is this duplex located?
    The property is located at 1224 N Rutledge St Springfield, IL.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Move-in ready, side-by-side duplex, **primed for instant cash flow**.; - Located in the heart of Springfield, blocks from the medical district.; - Two rentable units with private front and rear entry/access points.
    (217) 787-7000
    Request Owner's contact information
    1224 N Rutledge St Springfield, IL 62702
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    Springfield, IL 62702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1224 N Rutledge St Springfield, IL 62702
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