619 W Hay Street Springfield, IL 62702
Attention seasoned investors: A prime opportunity awaits at 619 W Hay St in Springfield, Illinois. This 1940-built property, strategically located near Springfield Memorial Hospital and the Lincoln Monument, is ripe for a full gut rehab. Priced at just $19, 750, it offers exceptional potential for substantial returns. Key investment highlights: 2 bed, 1 bath single-family home 750 sq ft on a generous 6, 691 sq ft lot Solid slab foundation Vacant and ready for immediate renovation Prime location near major medical facility and historic landmark Tax-assessed value of $14, 240 This property requires comprehensive updates, including roof replacement, HVAC system, electrical and plumbing upgrades, window replacements, and full interior renovation. For experienced investors, this presents an ideal canvas to maximize value through strategic improvements. The proximity to Springfield Memorial Hospital, a 500-bed teaching facility, offers unique potential for medical professional rentals or short-term housing. Additionally, its location near the Lincoln Monument adds appeal for history enthusiasts and tourists. With the right vision and execution, this property could yield significant returns through increased post-renovation value or as a high-demand rental. Its low entry price and prime location make it an excellent addition to any seasoned investor's portfolio. Remember to conduct thorough due diligence, including verifying all property details and measurements.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountySangamon
- Taxes$1,327
- HOA/Condo/Coop Fees$0
- Days on Site61 Days
- MLS StatusPending
- MLS ID Number12121240
- Home Size Source Landlord/Tenant/Seller
- Year Built1940
- Lot Size Acres
- Full Baths1
- Partial BathsN/A
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General Features
- Parking Spaces 1
- Sewer Public Sewer
- Basement None
- Water Public
- Property Sub Type Single Family Residence
- General Information None
- Rooms Total 3
- Type Detached 1 Story
- Lot Size Less Than .25 Acre
- Parking Total 1
Interior Features
- Cooling None
- Heating Natural Gas
- Room Types No additional rooms
Exterior Features
- Waterfront Property No
Community Features
- Township Springfield
- MLS Area Springfield
- Association Fee Includes None