E Reservoir St, Springfield, Home For Sale

house for sale

Listed: 06/27/24

1133 E Reservoir St, Springfield, Illinois, 62702

Studio Bed:

2 Bath:

1,632 Sq Ft Living Area:

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Price

$ 59,500

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About This House

Discover this affordable duplex nestled on a north end tree-lined street, boasting a high rent-to-purchase price ratio. Each unit is equipped with separate utilities, providing convenience and flexibility for tenants. The property offers significant potential with a modest investment in TLC, making it an ideal opportunity for savvy investors. Updated mechanical systems ensure operational efficiency and lower maintenance expenses, further enhancing its appeal as a solid investment in a desirable location.

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Houses for sale in Springfield

Original listing

Springfield Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$117,989 (+7%)
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%)

In June 2024, the asking price for 2 bed houses for sale in/near Springfield, United States averaged $117,989, an increase of 7% from the previous month.

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