Home For Sale In Springfield, Illinois

house for sale

Listed: 05/26/24

1251 N 2nd St, Springfield, Illinois, 62702

Studio Bed:

2 Bath:

1,340 Sq Ft Living Area:

Save

Price

$ 115,000

Show 6 more

About This House

Unique Investment Opportunity! This property features two separate homes on one parcel, making it a fantastic investment opportunity. Home 1: A two-bedroom, one-bathroom currently rented to a cash tenant for $850/month. Home 2: A one-bedroom, one-bathroom house, completely remodeled in late 2023, rented through Section 8 for $773/month. Both homes offer a great return on investment with stable tenants in place. Showings require 24-hour notice.

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

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
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.