Home For Sale In Springfield, Illinois

house for sale

3 views

Listed: 04/21/24

201 North Daniel Avenue, Springfield, IL 62702, USA

Studio Bed:

4 Bath:

3,000 Sq Ft Living Area:

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Price

$ 260,000

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About This House

Investors, seize the opportunity with this portfolio of four lucrative single-family homes! Each property boasts excellent rental potential, with two already occupied units, ready for a rent increase to align with current market rates. The first property offers a freshly updated 1BR and 1BA layout, easily convertible to 2BR, featuring a full basement, main level laundry hookups, off-street parking, and a charming backyard with shed and covered patio. The second and third properties, both2BR/1BA,feature off-street parking, spacious backyards with sheds, and are either soon-to-be-vacant or currently rented below market value. Lastly, the fourth property presents a2BR/1BAlayout with a huge fenced yard and a detached 2-car garage, currently rented at a rate significantly below its income potential. Don't miss out on this rare opportunity to capitalize on under-rented units within a convenient block radius!

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Houses for sale in Springfield

Original listing

Springfield Housing & Living

Average sale prices for houses

2 bed

3 bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$134,262 (0%)
Mar 2024	$134,262 (0%)
Feb 2024	$134,262 (0%)
Jan 2024	$134,262 (+61.6%)
Dec 2023	$83,063 (-36.8%)
Nov 2023	$131,384 (+22.7%)

In April 2024, the asking price for 2 bed houses for sale in/near Springfield, United States averaged $134,262, staying on the same level compared to the previous month.

Median price trends for properties for sale in Springfield, United States as of April 2024.

Household Income

Median household income: $51,789

Number of households: 50,693

The average household income in Springfield, IL grew from $50,191 to $51,789 in the past year. This data is an estimate based upon 50,693 households in Springfield, IL.
The chart below presents how household income is distributed in Springfield, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Springfield, IL compared to median property taxes around the country. The prevalent amount of property taxes in Springfield, IL equals $3k+ , which is more than the national average.