416 E Monroe St, Springfield, IL 62701
OFF MARKET

$107,700

Trulia Estimate
  • Studio

416 E Monroe St, Springfield, IL 62701

Downtown
Est. Refi. Payment $855/mo*
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Home Value

Trulia Estimate
$108K
Since last month
Decreased$900 (-0.8%)
Since last year
Increased$7K (+7.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +8% in the last 10 years
MonthEstimated value
2026
October 2026$108K
September 2026$112K
August 2026$109K
July 2026$111K
June 2026$119K
May 2026$111K
April 2026$121K
March 2026$107K
February 2026$119K
January 2026$111K
2025
2024
2023

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
227 E Adams St, Springfield, IL
0.18
Single-Family Home
$450,000
08/31/26
-
-
810 E Edwards St, Springfield, IL
0.36
Single-Family Home
$70,000
11/03/25
3
2.5
1,732
815 S 4th St, Springfield, IL
0.41
Single-Family Home
$50,000
01/16/26
-
-
413 W Capitol Ave, Springfield, IL
0.49
Single-Family Home
$69,000
06/04/26
-
-
421 W Jackson Pkwy, Springfield, IL
0.52
Single-Family Home
$130,000
10/21/25
5
7.5
4,457
441 Jackson Pkwy, Springfield, IL
0.55
Single-Family Home
$158,900
06/08/26
3
1.5
1,420
434 W Edwards St, Springfield, IL
0.59
Single-Family Home
$115,000
10/09/25
3
2
2,094
447 W Cook St, Springfield, IL
0.61
Single-Family Home
$95,000
06/22/26
2
1
1,125
433 W Lawrence Ave, Springfield, IL
0.64
Single-Family Home
$174,500
06/15/26
3
1.5
2,029
617 W Edwards St, Springfield, IL
0.67
Single-Family Home
$65,000
11/26/25
2
1
1,145

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
414 E Monroe St #A, Springfield, IL 62701
0.01
-
2
1.5
1,800
Off Market
412 E Monroe St, Springfield, IL 62701
0.01
$239,900
Studio
-
3,800
Off Market
432 E Monroe St, Springfield, IL 62701
0.02
$180,100
Studio
-
-
Off Market
430 E Monroe St #3, Springfield, IL 62701
0.02
-
2
1
-
Off Market
430 E Monroe St, Springfield, IL 62701
0.02
$191,300
Studio
-
4,800
Off Market
427 E Monroe St #2, Springfield, IL 62701
0.03
-
-
-
-
Off Market
427 Monroe St #2, Springfield, IL 62701
0.03
-
-
-
-
Off Market
427 Monroe St #400, Springfield, IL 62701
0.03
-
-
-
-
Off Market
427 Monroe St, Springfield, IL 62701
0.03
-
-
-
-
Off Market
312 S 4th St, Springfield, IL 62701
0.03
$259,500
Studio
-
-
Off Market
219 S 5th St, Springfield, IL 62701
0.05
$159,100
Studio
-
-
Off Market
401 E Capitol Ave, Springfield, IL 62701
0.05
$210,200
Studio
-
-
Off Market
401 E Capitol Ave, Springfield, IL 62701
0.05
$563,600
Studio
-
-
Off Market
513 E Monroe St #513, Springfield, IL 62701
0.05
$125,700
2
1.5
1,100
Off Market
505 E Monroe St, Springfield, IL 62701
0.05
$125,700
2
1.5
1,100
Off Market
517 E Monroe St #517, Springfield, IL 62701
0.05
$125,700
2
1.5
1,100
Off Market
521 E Monroe St, Springfield, IL 62701
0.06
-
1
1
950
Off Market
215 S 5th St, Springfield, IL 62701
0.06
$265,400
Studio
-
-
Off Market
501 E Capitol Ave, Springfield, IL 62701
0.07
$2,999,999
25
25
50,691
For Sale
205 S 5th St, Springfield, IL 62701
0.07
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 416 E Monroe St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home

About this House

This single-family home is located at 416 E Monroe St, Springfield, IL. 416 E Monroe St is in the Downtown neighborhood in Springfield, IL and in ZIP code 62701.
416 E Monroe St, Springfield, IL 62701 is a studio single-family home in Downtown. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $107,700, with a rent estimate of $1,266/month.

Home Details for 416 E Monroe St

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

YearProperty taxTax assessment
2024
$2,555
$91,263
Home facts updated by county records

Market trends in Springfield

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$190K
$2.08KMoM
Sale-to-List Price
100.0%
Price per sq ft
$116
$1MoM
Available listings
317
25MoM

Around this home

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 9 Trulia users voted on each feature.

  • 87 % Say car is needed

  • 85 % Say there are sidewalks

  • 81 % Say streets are well-lit

  • 78 % Say it's walkable to restaurants

  • 76 % Say parking is easy

  • 69 % Say it's dog friendly

  • 53 % Say there's wildlife

  • 53 % Say there are community events

  • 50 % Say people would walk alone at night

  • 43 % Say there's holiday spirit

  • 42 % Say neighbors are friendly

  • 39 % Say they plan to stay for at least 5 years

  • 35 % Say it's walkable to grocery stores

  • 29 % Say it's quiet

  • 23 % Say yards are well-kept

  • 15 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "its not far from my job. but the area isnt fantastic in my personal opinion but i know a lot of people that have lived over there and had no issues"
    11
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 416 E Monroe St

  • What is 416 E Monroe St estimated to be worth?
    Trulia's estimated value for 416 E Monroe St in Springfield, IL is $107,700.
  • Is Springfield a buyer's or seller's market?
    Springfield is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Springfield?
    The median sale price in Springfield is $190K. That is down $2.08K from the prior month.
  • What do residents say about the Downtown neighborhood?
    Residents describe the Downtown neighborhood in Springfield, IL as pedestrian-friendly, walkable to restaurants, and easy to park in. See recently sold homes in Downtown, Springfield.

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Apartments for Rent

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Off Market Homes Near 416 E Monroe St

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