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704 & 706 W FAYETTE Avenue, Springfield, IL 62704

Show All 26 Photos
For Sale

$175,000

2,688 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $65.10
    Price per square foot

Explore this Property

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, centrail air and forced air heat. 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. In this prime location with 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 plus 686 in an unfinished basement, plus added attic storage.
MLS# CA1038543

Courtesy Of RMP of Springfield,LLC dba Remax Professionals

(217) 787-7215

Property Features

  • Amenities
    Cable Ready
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Forced Air

Map and Directions

Directions to 704 & 706 W FAYETTE Avenue, Springfield, IL 62704

Home seller CENTURY 21 Real Estate Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Real Estate Associates

(217) 789-7200
Learn More About Us

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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