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Remodeled Duplex with Sunrooms
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701 W Vine Street, Springfield, IL 62704

Two-unit property with updated roofing, windows, and interiors, offered in as-is condition.

Property SizeContact for details
Days on Market86

Property Features for 701 W Vine Street

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI
Net Operating Income $18,336

Additional Details

Multifamily Units 2

Building Details

Year Built 1940
Year Renovated 2016
Buildings 1
Listing Agency: Realty One Group Inc.
Listed By: Jorge Romero
Source: Crexi
Added: Jun 8 Changed: Aug 31 Last Checked: Aug 31 at 1:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Inc.

Investment Insights

Based on property information with market context.

Built in 1940, this duplex contains two rental units and is zoned MULTI. Both interiors were remodeled in 2016, while the property also includes sunrooms with a rubber roof installed in 2024. Earlier exterior improvements include a shingle roof, gutters, and windows completed in 2014.

The property is located at 701 W Vine Street in Springfield, Illinois, two blocks from Washington Park. Both units are leased on a month-to-month basis, providing flexible occupancy terms. The property is being offered in as-is condition.

Key Highlights

  • Two‑unit duplex at 701 W Vine Street, Springfield, IL 62704
  • MULTI zoning
  • Interior renovations completed in 2016 for both units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Storage Facility Gym & Fitness Center Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,695
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with updated roofing, windows, and interiors, offered in as-is condition.
Where is this duplex located?
The property is located at 701 W Vine Street Springfield, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex at 701 W Vine Street, Springfield, IL 62704; MULTI zoning; Interior renovations completed in 2016 for both units
(773) 427-9200 Call to check price and availability
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