Home For Sale In Springfield, Illinois

house for sale

Listed: 04/27/24

1731 E Melrose St, Springfield, Illinois, 62703

2 Bed:

1 Bath:

630 Sq Ft Living Area:

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Price

$ 55,000

Price: Lower

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About This House

Welcome to this charming 2-bedroom, 1-bathroom home! This property is perfect for first-time buyers. All appliances and washer and dryer stay. Recent updates include new paint and updated flooring. The home sits on a large double lot with a finished building and a small storage shed. Looking for your next investment property? This home is a perfect fit! This home is Section 8 eligible and move in ready with potential rent revenue of over $875 a month!

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Houses for sale in Springfield

Original listing

Springfield Housing & Living

Average sale prices for houses

2 bed

3 bed

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Month	Median Price
May 2024	$110,300 (-17.8%)
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%)

In May 2024, the asking price for 2 bed houses for sale in/near Springfield, United States averaged $110,300, a decrease of 17.8% from the previous month.

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