540 S Walnut St, Springfield, IL 62704
OFF MARKET

$134,700

Trulia Estimate
  • 3 Beds
  • 3 Baths
  • 2,300 sqft

540 S Walnut St, Springfield, IL 62704

Vinegar Hill
Est. Refi. Payment $996/mo*
Refinance Your Home
Currently Off Market - Sold May 30, 2017 for $87,000

Home Value

Trulia Estimate
$135K
Since last month
Decreased$300 (-0.2%)
Since last year
Increased$6K (+4.3%)
Since last sale
Increased$48K (+54.9%)
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 +215% in the last 10 years
MonthEstimated value
2026
August 2026$135K
August 2026$134K
July 2026$135K
June 2026$132K
May 2026$130K
April 2026$128K
March 2026$117K
February 2026$121K
January 2026$119K
2025
2024
2023
2022
2021
2020
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
434 W Edwards St, Springfield, IL
0.16
Single-Family Home
$115,000
10/09/25
3
2
2,094
503 S New St, Springfield, IL
0.08
Single-Family Home
$43,000
10/06/25
3
2
1,856
814 W Edwards St, Springfield, IL
0.14
Single-Family Home
$150,000
09/26/25
4
2
2,766
625 W Lawrence Ave, Springfield, IL
0.15
Single-Family Home
$46,000
11/04/25
3
2
1,858
531 W Chenery St, Springfield, IL
0.22
Single-Family Home
$132,000
11/21/25
3
1.5
1,451
628 S State St, Springfield, IL
0.18
Single-Family Home
$190,000
11/24/25
3
2
2,008
433 W Lawrence Ave, Springfield, IL
0.20
Single-Family Home
$174,500
06/15/26
3
1.5
2,029
929 W Governor St, Springfield, IL
0.26
Single-Family Home
$79,900
09/12/25
3
2
1,414
700 S English Ave, Springfield, IL
0.33
Single-Family Home
$150,000
06/08/26
3
2
1,846
201 S Walnut St, Springfield, IL
0.29
Single-Family Home
$107,500
07/08/26
3
1.5
1,315

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
510 S Walnut St, Springfield, IL 62704
0.05
$189,000
3
2.5
2,242
Off Market
506 S Walnut St, Springfield, IL 62704
0.06
$202,300
8
4
3,236
Off Market
631 W Edwards St, Springfield, IL 62704
0.02
$125,000
3
2
1,567
Recently Sold
617 W Edwards St, Springfield, IL 62704
0.05
$65,000
2
1
1,145
Recently Sold
626 W Edwards St, Springfield, IL 62704
0.04
$135,000
3
1.5
1,685
Off Market
601 W Edwards St, Springfield, IL 62704
0.08
$153,000
6
4
3,000
Recently Sold
518 S Glenwood Ave, Springfield, IL 62704
0.10
$221,900
4
1.5
2,064
Off Market
506 S Glenwood Ave, Springfield, IL 62704
0.11
$142,500
3
1
1,156
Off Market
619 S Walnut St, Springfield, IL 62704
0.07
$569,400
8
4
9,747
Off Market
608 S New St, Springfield, IL 62704
0.11
$437,700
4
4
3,520
Off Market
625 S New St, Springfield, IL 62704
0.10
$420,300
8
4
5,616
Off Market
321 S Walnut St, Springfield, IL 62704
0.16
$121,500
3
2
1,582
Off Market

Local Information

  • Map ViewExplore the area around 540 S Walnut St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1900
2,300 sqft
$59/sqft
Garage

About this House

EASY ACCESS TO BUS LINE AND DOWNTOWN MAKES THIS A DESIRABLE RENTAL. LOTS OF UPDATES THAT INCLUDE ROOF AND WINDOWS. LARGE ROOMS. NICE SIZE BATHROOMS. CORNER LOT. COULD EASILY BE CONVERTED TO A SINGLE FAMILY HOME. SQ FT TO BE ACCURATE BUT NOT WARRANTED.
540 S Walnut St, Springfield, IL 62704 is a 3 bedroom, 3 bathroom, 2,300 sqft single-family home in Vinegar Hill, built in 1900. It last sold for $87,000 on May 30, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $134,700, with a rent estimate of $1,753/month.

Home Details for 540 S Walnut St

Interior Features

Interior Details
BasementTypes of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, Office
Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Appliances & Utilities
Cable ReadyDishwasherDisposalRefrigerator
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Hardwood, Laminate

Exterior Features

Exterior Home Features
Roof: Shake ShingleLawn
Parking & Garage
GarageParking: Garage Detached, Off Street

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 8540 sqft

Price and Tax history

DateEventPrice
May 30, 2017
Source: RMLS Alliance as distributed by MLS GRID #CA171996
Sold
$87,000
Dec 2, 2015
Source: RMLS Alliance as distributed by MLS GRID #CA156255
Sold
$42,000
Sep 26, 2015
Source: Agent Provided
Listed For Sale
$60,000

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 540 S Walnut St

  • What is 540 S Walnut St estimated to be worth?
    Trulia's estimated value for 540 S Walnut St in Springfield, IL is $134,700.
  • What is the price history for 540 S Walnut St?
    540 S Walnut St in Springfield, IL last sold for $87,000 in May 2017.
  • 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.
  • Does 540 S Walnut St have air conditioning?
    Yes, 540 S Walnut St in Springfield, IL has air conditioning.
  • Does 540 S Walnut St have laundry facilities?
    Yes, 540 S Walnut St in Springfield, IL has laundry facilities.

Explore by feature - Pet Friendly

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Explore by feature - Outdoor Space

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Apartments for Rent

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Off Market Homes Near 540 S Walnut St

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