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    629 W Washington St Springfield, IL 62702

    For Sale
    $350,000

    Residential Income - Springfield, IL

    Property size:
    3,300 SF
    Days on Market:
    91
    Last Refresh:
    Dec 7 at 6:06 pm

    Property Features for 629 W Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    14-28.0-455-022
    Parking
    6
    Exterior features
    Corner Lot
    Size
    3,300 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Number of units
    6
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

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

    Listing agent Joshua Kruse (217) 787-7000 License #475144896

    Listing date Sep 8, 2025

    MLS# CA1034859 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 Residential Income Property

    This centrally located 6-unit complex in Springfield, IL, is currently fully occupied. The property features four 2-bedroom/1-bath units and two 1-bedroom/1-bath units. In 2019, the property received substantial updates to flooring, fixtures, kitchens, and bathrooms. The total property size is 3,300 square feet. Tenants are responsible for their unit utilities, while the owner covers water and garbage disposal services. A common area coin-operated laundry provides an additional amenity for residents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Springfield Clock Shop Gift Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.662536
    Latitude
    39.801757

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 6-unit complex with recent updates in Springfield, IL.
    Where is this apartment building located?
    The property is located at 629 W Washington St Springfield, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Centrally located 6-unit complex with full occupancy.; - Four 2-bedroom/1-bath units and Two 1-bedroom/1-bath units.; - Substantial updates in 2019 to flooring, fixtures, kitchens, and bathrooms.
    (217) 787-7000
    Request Owner's contact information
    629 W Washington 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
    629 W Washington St Springfield, IL 62702
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