515 W Monroe St, Springfield, IL 62704
Property image
Property image
OFF MARKET

$699,500

Trulia Estimate
  • Studio
  • 8,900 sqft (on 0.29 acres)

515 W Monroe St, Springfield, IL 62704

Vinegar Hill
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Home Value

Trulia Estimate
$700K
Since last month
Decreased$4K (-0.6%)
Since last year
Increased$36K (+5.4%)
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 +1,012% in the last 10 years
MonthEstimated value
2026
August 2026$700K
August 2026$694K
July 2026$704K
June 2026$687K
May 2026$701K
April 2026$694K
March 2026$713K
February 2026$670K
January 2026$632K
2025
2024
2023
2019
2018
2017
2016

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
619 S Walnut St, Springfield, IL
0.35
Multi-Family Home
$545,000
10/27/25
8
4
9,747
601 W Edwards St, Springfield, IL
0.25
Multi-Family Home
$153,000
08/27/26
6
4
3,000
206 S Walnut St, Springfield, IL
0.14
Multi-Family Home
$330,000
11/14/25
6
4
3,584
629 W Washington St, Springfield, IL
0.16
Multi-Family Home
$360,000
07/20/26
8
4
3,300
318 S State St, Springfield, IL
0.31
Multi-Family Home
$125,000
07/31/26
5
3
2,843
802 W Jefferson St, Springfield, IL
0.36
Multi-Family Home
$35,000
11/17/25
2
4
4,351
102 W Scarritt St, Springfield, IL
0.71
Multi-Family Home
$385,000
01/16/26
6
4
5,520
830 W Jefferson St, Springfield, IL
0.41
Multi-Family Home
$78,000
02/25/26
4
2
1,846
811 W Governor St, Springfield, IL
0.30
Multi-Family Home
$205,000
02/10/26
4
2
1,932
1025 S 5th St, Springfield, IL
0.88
Multi-Family Home
$965,000
04/17/26
4
4
14,000

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
407-417 W Monroe St, Springfield, IL 62701
0.07
-
-
-
-
Off Market
509 & 525 W Washington St, Springfield, IL 62704
0.13
$331,900
8
4
3,360
Off Market
205 S Parker Ave, Springfield, IL 62704
0.12
$375,400
14
8
-
Off Market
421 W Jackson Pkwy, Springfield, IL 62704
0.15
$135,900
5
7.5
4,457
Off Market
611 W Washington St, Springfield, IL 62702
0.14
$174,700
4
4
2,700
Off Market
34 Walnut Ct, Springfield, IL 62704
0.14
$138,200
2
1.5
1,364
Off Market
206 S Walnut St, Springfield, IL 62704
0.14
$330,000
6
4
3,584
Recently Sold
441 Jackson Pkwy, Springfield, IL 62704
0.18
$158,900
3
1.5
1,420
Recently Sold
629 W Washington St, Springfield, IL 62702
0.16
$360,000
8
4
3,300
Recently Sold
122 N Parker Ave, Springfield, IL 62702
0.17
$654,000
4
4
7,800
Off Market
211 S Walnut St, Springfield, IL 62704
0.17
$149,800
3
1.5
1,440
Off Market
201 S Walnut St, Springfield, IL 62704
0.18
$107,500
3
1.5
1,315
Recently Sold

Local Information

  • Map ViewExplore the area around 515 W Monroe St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
0.29 acre lot
8,900 sqft
$79/sqft

About this House

GREAT OPPORTUNITY FOR INVESTORS!!! This 12 unit building is located closed to downtown and with TONS of updates. All units have been updated, some entirely. Building offers off street parking, all electric utilities, secure entry.
515 W Monroe St, Springfield, IL 62704 is a studio, 8,900 sqft multi-family in Vinegar Hill. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $699,500, with a rent estimate of $1,077/month.

Home Details for 515 W Monroe St

Interior Features

Heating & Cooling
Heating: Baseboard, ElectricHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 3

Property Information

Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
Exterior: Vinyl, Brick
Parking & Garage
Parking Spaces: 10

Lot Information

Lot Area: 0.29 acres

Price and Tax history

DateEventPrice
Nov 15, 2019
Source: Agent Provided
ListingRemoved
$400,000
May 14, 2019
Source: Agent Provided
Listed For Sale
$400,000

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

Around this home

Neighborhood Overview

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

What Locals Say about Vinegar Hill

At least 24 Trulia users voted on each feature.

  • 93 % Say there are sidewalks

  • 88 % Say car is needed

  • 85 % Say it's dog friendly

  • 81 % Say parking is easy

  • 65 % Say there's holiday spirit

  • 63 % Say yards are well-kept

  • 54 % Say it's walkable to restaurants

  • 51 % Say streets are well-lit

  • 46 % Say it's quiet

  • 43 % Say neighbors are friendly

  • 40 % Say people would walk alone at night

  • 36 % Say they plan to stay for at least 5 years

  • 35 % Say kids play outside

  • 34 % Say there's wildlife

  • 30 % Say there are community events

  • 29 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Ameliagrace224
    "Relatively quiet. loads of kids. our neighbor has had a couple things stolen off their porches. we’ve had our car broken into and were told that that happens often."
    11
    Flag
  • Natasha H.
    "I would suggest that you don't move here in the fall because The lokal elementary school starts in the summer. "
    2
    Flag
  • Stacy C.
    "I've lived here for almost 5 years and I know all my neighbors. Everyone looks out for each other's property and each other. There is a real sense of community on our street."
    29
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 515 W Monroe St

  • What is 515 W Monroe St estimated to be worth?
    Trulia's estimated value for 515 W Monroe St in Springfield, IL is $699,500.
  • 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 Vinegar Hill neighborhood?
    Residents describe the Vinegar Hill neighborhood in Springfield, IL as pedestrian-friendly, dog-friendly, and easy to park in. See recently sold homes in Vinegar Hill, Springfield.
  • Does 515 W Monroe St have parking?
    Yes, 515 W Monroe St in Springfield, IL has on-site parking.

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Apartments for Rent

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Off Market Homes Near 515 W Monroe St

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