501 E Monroe St, Springfield, IL 62701
Property image
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OFF MARKET

501 E Monroe St
Springfield, IL 62701

Downtown
  • 2 Beds
  • 1.5 Baths
  • 1,100 sqft

$135,000

Trulia Estimate
as of Aug 18, 2026
Est. Refi. Payment $988/mo*
Refinance Your Home

$135,000

Trulia Estimate
as of Aug 18, 2026
Est. Refi. Payment $988/mo*
Refinance Your Home
2 Beds
1.5 Baths
1,100 sqft

Home Value

Trulia Estimate
$135K
Since last month
Increased$800 (+0.6%)
Since last year
Decreased$5K (-3.6%)
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 decreased by -2% in the last 10 years
MonthEstimated value
2026
August 2026$131K
July 2026$130K
June 2026$136K
May 2026$131K
April 2026$134K
March 2026$143K
February 2026$130K
January 2026$122K
2025
2024

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
715 S English Ave, Springfield, IL
1.17
Townhouse
$72,500
12/17/25
4
2
1,712
2522 Gaylord Ave, Springfield, IL
2.66
Townhouse
$120,000
07/10/26
2
1.5
1,120
2606 Gaylord Ave, Springfield, IL
2.68
Townhouse
$124,000
07/29/26
2
1.5
1,093
718 S 7th St #1007, Springfield, IL
2.40
Townhouse
$66,654
05/28/26
1
1
682
900 S Durkin Dr #14, Springfield, IL
2.88
Townhouse
$88,000
09/12/25
2
1.5
1,320
21 Trailridge Ln, Springfield, IL
3.14
Townhouse
$162,000
11/14/25
2
1
909
67 Trailridge Ln, Springfield, IL
3.17
Townhouse
$170,000
06/24/26
2
1
903
3 Woodbury Hill Ln, Springfield, IL
3.62
Townhouse
$177,500
01/09/26
2
2
1,791
130 Genoa Dr, Springfield, IL
4.08
Townhouse
$170,000
07/10/26
3
2
1,262
4605 Bellevue Dr, Springfield, IL
4.96
Townhouse
$430,000
03/03/26
3
3.5
2,858

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
8 S Old State Capitol Plz #A, Springfield, IL 62701
0.05
$199,000
2
2
1,200
For Sale
226 S 6th St #302, Springfield, IL 62701
0.06
$112,200
1
1
719
Off Market
118 S 4th St, Springfield, IL 62701
0.13
$182,000
2
2
972
Off Market
6600 S 6th St, Springfield, IL 62701
0.12
$87,100
1
1.5
800
Off Market
6 Starnes St, Ringwood, IL 60072
0.30
$75,300
1
1
818
Off Market
301 N 5th St, Springfield, IL 62701
0.34
$299,000
-
-
-
For Sale
720 E Edwards St, Springfield, IL 62703
0.32
$352,900
2
2
5,190
Off Market
810 E Edwards St, Springfield, IL 62703
0.34
$70,000
3
2.5
1,732
Recently Sold
614 S 8th St, Springfield, IL 62703
0.36
$125,300
3
2
3,343
Off Market
718 S 7th St #302, Springfield, IL 62703
0.41
$80,100
2
2
1,148
Off Market
718 S 7th St #602, Springfield, IL 62703
0.41
$173,700
3
4
2,314
Off Market
718 S 7th St #703, Springfield, IL 62703
0.41
$54,100
2
1.5
881
Off Market

Local Information

  • Map ViewExplore the area around 501 E Monroe St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Townhouse
Living Area
1,100 sqft
Price/Sqft
$123

About this House

All Lincoln Square Apartments and Townhouses have the following Features:
 Fully Equipped Kitchen
 - Electric Oven and Range
 - 18 Cubic Foot, Frost-Free Refrigerator
 - Dishwasher
 - Disposal
 - Full Size Washer and Dryer

 Levolor Blinds on all windows

 Private Courtyard and Swimming Pool

 Individually controlled central air and heating
Utilities are all electric and average $100-200 per month for an apartment and $150 - $250 per month for a townhouse

Sheltered Parking available - $60 -85 per month
Security deposit - One month's rent

We are a Pet Free Community.

Water, sewer, and trash removal provided by Lincoln Square. Tenant is responsible for electric.
501 E Monroe St, Springfield, IL 62701 is a 2 bedroom, 2 bathroom, 1,100 sqft townhouse in Downtown. More recently, it was listed as a rental in February 2025 with an asking price of $1,650 per month. That rental listing was removed on June 20, 2026. It is currently off market. The Trulia Estimate is $135,000, with a rent estimate of $1,556/month.

Home Details for 501 E Monroe St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerMicrowaveWasher
Levels, Entrance, & Accessibility
Floors: Carpet, Tile

Property Information

Property Type / Style
Property Type: Townhouse

Rental Terms, Policies & Fees

Lease Term: 1 Year

Exterior Features

Pool
Pool
Parking & Garage
Parking: Off Street Parking, On Site

Additional Information

Pool

Price and Tax history

DateEventPrice
Jun 20, 2026
Source: Zillow Rentals
ListingRemoved
$1,675
Apr 29, 2025
Source: Zillow Rentals
PriceChange
$1,675
Price increased by 2%
Feb 26, 2025
Source: Zillow Rentals
Listed For Rent
$1,650
Nov 6, 2024
Source: Zillow Rentals
ListingRemoved
$1,650
Nov 1, 2024
Source: Zillow Rentals
PriceChange
$1,650
Price increased by 6%

Market trends in Springfield

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$192K
$20.83KMoM
Sale-to-List Price
100.0%
0.3%MoM
Price per sq ft
$116
$4MoM
Available listings
342
34MoM
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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

Apartments for Rent

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Explore by feature - Pet Friendly

68 pet-friendly rentals in Springfield, IL

Explore by feature - Garage

54 rentals with a garage in Springfield, IL

Explore by feature - Air Conditioning

111 rentals with air conditioning in Springfield, IL

Explore by feature - Pool

6 rentals with a pool in Springfield, IL

Explore by feature - Washer/dryer

84 rentals with a washer/dryer in Springfield, IL

Explore by feature - Outdoor Space

23 rentals with an outdoor space in Springfield, IL

Homes for sale near 501 E Monroe St

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Off Market Homes Near 501 E Monroe St

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Frequently asked questions about 501 E Monroe St

  • What is 501 E Monroe St estimated to be worth?
    Trulia's estimated value for 501 E Monroe St in Springfield, IL is $135,000.
  • 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 $192K. That is up $20.83K 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.
  • Does 501 E Monroe St have air conditioning?
    Yes, 501 E Monroe St in Springfield, IL has air conditioning.
  • Does 501 E Monroe St have a pool?
    Yes, 501 E Monroe St in Springfield, IL has a pool.