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

$119,000

Trulia Estimate
as of Nov 6, 2026
  • 2 Beds
  • 1.5 Baths
  • 1,100 sqft

501 E Monroe St, Springfield, IL 62701

Downtown

Home Highlights

Townhouse
1,100 sqft
$108/sqft

Local Information

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

About this House

What's unique:Swimming poolFully equipped kitchenPrivate courtyardElectric oven and range
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $119,000, with a rent estimate of $1,493/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

Comparable Sales for 501 E Monroe St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
718 S 7th St #302, Springfield, IL
0.41
Townhouse
$72,000
09/25/26
2
2
1,148 sqft
715 S English Ave, Springfield, IL
1.17
Townhouse
$72,500
12/17/25
4
2
1,712 sqft
2522 Gaylord Ave, Springfield, IL
2.66
Townhouse
$120,000
07/10/26
2
1.5
1,120 sqft
2606 Gaylord Ave, Springfield, IL
2.68
Townhouse
$124,000
07/29/26
2
1.5
1,093 sqft
2620 Gaylord Ave, Springfield, IL
2.71
Townhouse
$110,000
06/09/26
2
1.5
1,155 sqft
1914 Sun Mill Ct, Springfield, IL
2.66
Townhouse
$229,000
03/01/26
2
2
1,533 sqft
718 S 7th St #1007, Springfield, IL
2.40
Townhouse
$66,654
05/28/26
1
1
682 sqft
21 Trailridge Ln, Springfield, IL
3.14
Townhouse
$162,000
11/14/25
2
1
909 sqft
3 Woodbury Hill Ln, Springfield, IL
3.62
Townhouse
$177,500
01/09/26
2
2
1,791 sqft
130 Genoa Dr, Springfield, IL
4.08
Townhouse
$170,000
07/10/26
3
2
1,262 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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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%

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 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 $119,000.
  • 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 $193K. That is up $2.42K 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.

Homes for rent near 501 E Monroe St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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