Investor’s Dream – Turnkey Rental Opportunity!
Don’t miss this excellent cash-flowing investment property that’s already generating income. This home has been recently updated with new paint, new windows, updated flooring, and a new furnace, giving peace of mind and reducing immediate maintenance costs.
The property is currently leased with a 1-year Section 8 contract at $1,550 per month, providing stable, reliable rental income from day one. Perfect for investors looking to expand their portfolio with a performing asset already in place.
Additional highlights include:
• Appliances included with the sale
• Tenant already in place with guaranteed rental income
• Recent updates that improve durability and appeal
Whether you’re a new investor looking for your first rental or an experienced investor seeking steady returns, this property is a turnkey opportunity ready to deliver immediate cash flow.
For sale by owner
$134,900
1844 S 2nd St, Springfield, IL 62704
4beds
1baths
1,600sqft
Est.:
SingleFamily
Built in ----
4,000 Square Feet Lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
New windowsNew furnaceUpdated flooringNew paint
- 64 days |
- 579 |
- 24 |
Listed by:
Property Owner (813) 416-0824
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Carpet, Laminate
Interior area
- Total interior livable area: 1,600 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Size: 4,000 Square Feet
Details
- Parcel number: 22040279006
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Other
Condition
- New construction: No
Community & HOA
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $76,491
- Annual tax amount: $2,142
- Date on market: 3/10/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,592/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Listed for sale | $134,900+77.5%$84/sqft |
Source: Owner Report a problem | ||
| 1/28/2026 | Listing removed | $1,565$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/29/2025 | Listed for rent | $1,565+60.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2024 | Sold | $76,000-5%$48/sqft |
Source: | ||
| 4/24/2024 | Pending sale | $80,000$50/sqft |
Source: | ||
| 4/11/2024 | Listed for sale | $80,000+15.3%$50/sqft |
Source: | ||
| 12/19/2022 | Sold | $69,360+2%$43/sqft |
Source: | ||
| 11/11/2022 | Pending sale | $68,000$43/sqft |
Source: | ||
| 11/10/2022 | Listed for sale | $68,000+240%$43/sqft |
Source: | ||
| 10/26/2016 | Listing removed | $975+5.4%$1/sqft |
Source: Rent Rite LLC Report a problem | ||
| 4/10/2015 | Listing removed | $925$1/sqft |
Source: Rent Rite LLC Report a problem | ||
| 1/6/2015 | Listed for rent | $925+12.1%$1/sqft |
Source: Rent Rite LLC Report a problem | ||
| 4/21/2013 | Listing removed | $825$1/sqft |
Source: Rent Rite LLC Report a problem | ||
| 4/9/2013 | Listed for rent | $825$1/sqft |
Source: Rent Rite LLC Report a problem | ||
| 1/4/2013 | Sold | $20,000-44.3%$13/sqft |
Source: Public Record Report a problem | ||
| 11/21/2012 | Price change | $35,900-10%$22/sqft |
Source: The Real Estate Group #121199 Report a problem | ||
| 3/21/2012 | Listed for sale | $39,900+7.8%$25/sqft |
Source: The Real Estate Group #121199 Report a problem | ||
| 1/26/2009 | Listing removed | $37,000$23/sqft |
Source: foreclosure.com Report a problem | ||
| 12/22/2008 | Listed for sale | $37,000$23/sqft |
Source: foreclosure.com Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,142 +2.6% | $25,497 +7.9% |
| 2023 | $2,088 +4% | $23,620 +5.4% |
| 2022 | $2,008 +3.4% | $22,406 +3.9% |
| 2021 | $1,941 +2% | $21,567 -0.1% |
| 2020 | $1,903 -5.6% | $21,599 +0.3% |
| 2019 | $2,015 | $21,524 -9.8% |
| 2018 | $2,015 +2.1% | $23,851 +1.3% |
| 2017 | $1,974 +2% | $23,543 +1.5% |
| 2016 | $1,935 +1% | $23,199 +1.2% |
| 2015 | $1,916 +0.7% | $22,921 +0.6% |
| 2014 | $1,903 +2.3% | $22,773 -0.8% |
| 2013 | $1,860 +1.9% | $22,960 |
| 2012 | $1,825 +925.2% | $22,960 |
| 2011 | $178 -89.7% | $22,960 +1% |
| 2010 | $1,735 +3% | $22,739 +1.4% |
| 2009 | $1,684 +38.1% | $22,416 +4.2% |
| 2008 | $1,219 +0.8% | $21,512 +3.3% |
| 2007 | $1,209 +2.8% | $20,823 +3.8% |
| 2006 | $1,176 | $20,059 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 62704
Nearby schools
GreatSchools rating
- 6/10Butler Elementary SchoolGrades: K-5Distance: 1 mi
- 4/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 0.7 mi
- 2/10Springfield Southeast High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- District: Springfield District # 186
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Sangamon County
- Leland Grove
- 62704
- 1844 S 2nd St








