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700 & 702 W FAYETTE AVE Springfield, IL 62704
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Key Details
Sold Price $175,500
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $65
MLS Listing ID CA1038544
Sold Date 09/29/25
Annual Tax Amount $3,873
Tax Year 2024
Lot Dimensions 40 x 132
Property Sub-Type Residential Income
Source rmlsa
Property Description
Classic, well-built duplex located on Springfield's desirable west side, just one block from beautiful Washington Park. This property showcases timeless old-world craftsmanship, featuring tall ceilings, hardwood floors, detailed moldings, and abundant natural light throughout. Each spacious unit offers 3 bedrooms, 1 full bath, a comfortable living room, formal dining room, and functional kitchen, plus a full basement and walk-up attic providing excellent storage or potential expansion space. Currently rented at $900 per side with six months remaining on the leases, tenants are responsible for all utilities, including gas, electric, water, sewer, and trash (forced air heat and centrial air). with its prime location and strong rental demand, the property has potential to command higher rents in the $1,000-$1,1000 per month range. A great opportunity for investors seeking reliable cash flow, long term-appreciation, or even an owner-occupant looking to offset housing costs. Selling AS-IS. Neighboring duplex is also for sale and is identical to this one. Garage has no value and is of little use. Photos are of unit #704, all other units are similar. Each apartment is 1344 sqft and 686 in an unfinished basement, plus added attic storage.
Location
State IL
County Sangamon
Area Springfield
Direction Between Walnut and MacArthur
Rooms
Basement Full
Interior
Interior Features Cable Available
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Exterior
View true
Roof Type Shingle
Street Surface Paved
Total Parking Spaces 2
Garage 1
Building
Lot Description Level
Faces Between Walnut and MacArthur
Unit Features [{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1397435Group_1\"},{\"UnitTypeBedsTotal\":3,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":900,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1397435Group_2\"},{\"UnitTypeType\":\"Unit 3\",\"RMA_FireplaceYN\":\"N\",\"UnitTypeKey\":\"RMA1397435Group_3\"}]
Foundation Brick/Mortar
Water Public Sewer, Public
Structure Type Vinyl Siding
New Construction false
Schools
High Schools Springfield
Others
Tax ID 14-33.0-332-021
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