All-Brick Duplex with Garage
1428 Lowell Avenue Springfield, IL 62704
New
1428 Lowell Avenue, Springfield, IL, 62704
$280,000
For Sale
$280,000
MULTI_FAMILY - Springfield, IL
Property Size3,000 SF
Price / SF$93.33
Days on Market2
Property Features for 1428 Lowell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 2
- Parking features
- Open
- Interior features
- Storage, Cable Available
- Fencing
- Fenced
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 22-04.0-128-026
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- W 112' L 21 B 2 HAWTHORNE PLACE
- Tax Annual Amount
- 5129
Utilities
- Heating system
- Natural Gas, Hot Water(Heating), Radiant
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle, Rubber
- Additional Structures
- Storage
Listing Agency
The Real Estate Group, Inc.
(217) 787-7000
3701 West Wabash, Springfield, IL
Listed by
Joshua Kruse · License #475144896
(217) 816-9405
Added: Jul 16 Checked: Jul 17 at 11:06 pm
MLS# CA1045165
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This classic American Foursquare duplex features all-brick construction and garage parking. The property includes two units, each with approximately 1,500 square feet, plus a full basement that offers storage and unit-dedicated washers and dryers that convey with the home. Interior features include refinished true hardwood flooring, original custom built-ins, radiant heat, and a wood-burning fireplace. The upper level has been updated with a fully renovated kitchen including new cabinets, granite counters, fixtures and hardware, a custom tile backsplash, and stainless-steel appliances, along with a bathroom refresh with newly tiled floors, a new vanity, a toilet, and a walk-in shower.
Located in Springfield’s Hawthorne Place neighborhood, the home is described as being within walking distance to Washington Park south of downtown, with quick access to I-55, downtown employers, and the medical district. An easy-to-maintain yard supports the property’s rental use.
The unfinished attic provides additional storage, or potential space to expand, while the main level is noted as being in good condition with opportunities for minor paint touchups to further improve presentation.
Located in Springfield’s Hawthorne Place neighborhood, the home is described as being within walking distance to Washington Park south of downtown, with quick access to I-55, downtown employers, and the medical district. An easy-to-maintain yard supports the property’s rental use.
The unfinished attic provides additional storage, or potential space to expand, while the main level is noted as being in good condition with opportunities for minor paint touchups to further improve presentation.
Key Highlights
- Classic American Foursquare duplex with all‑brick construction, built in 1920
- 2 units with approx. 1,500 SF each and a reported rental history of $3,200/mo
- Radiant heat with natural gas plus a wood‑burning fireplace, and hot water (heating) listed
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.1k | $15.36 |
| − Vacancy | −$1.7k | −$0.57 |
| EGI | $44.4k | $14.79 |
| − OpEx | −$20.0k | −$6.66 |
| NOI | $24.4k | $8.14 |
3,000 SF · lease $15.36/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.4K
$349.5K – $466.0K
NOI $27,960 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$348.7K
$305.1K – $406.8K
NOI $24,406 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$736.6K
$644.5K – $859.3K
NOI $51,559 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - All-brick duplex offers garage parking, renovated upper unit updates, and unit-dedicated washers and dryers included.
Where is this duplex located?
The property is located at 1428 Lowell Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Classic American Foursquare duplex with all‑brick construction, built in 1920; 2 units with approx. 1,500 SF each and a reported rental history of $3,200/mo; Radiant heat with natural gas plus a wood‑burning fireplace, and hot water (heating) listed
