$494,300
- Studio
- 8 Baths
- 7,200 sqft
Outer Park & 1st St, Springfield, IL 62704
Est. Refi. Payment $3,422/mo*
Refinance Your HomeHome Value
Trulia Estimate
$494KSince last month
Decreased$19K (-3.8%)Since last year
Decreased$116K (-19.1%)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 +40% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $491K |
| July 2026 | $511K |
| June 2026 | $524K |
| May 2026 | $524K |
| April 2026 | $531K |
| March 2026 | $547K |
| February 2026 | $490K |
| January 2026 | $547K |
2025 | |
2024 | |
2023 | |
2022 | |
2020 | |
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 |
|---|---|---|---|---|---|---|---|
0.35 | Multi-Family Home | $235,000 | 04/30/26 | 4 | 2 | 5,390 | |
0.67 | Multi-Family Home | $300,000 | 06/22/26 | 6 | 4 | 5,083 | |
0.35 | Multi-Family Home | $12,500 | 05/29/26 | 5 | 2 | 1,587 | |
0.36 | Multi-Family Home | $105,000 | 05/28/26 | 2 | 2 | 1,425 | |
0.42 | Multi-Family Home | $68,000 | 04/10/26 | 4 | 2 | 1,401 | |
0.74 | Multi-Family Home | $100,000 | 10/06/25 | 8 | 4 | 2,664 | |
1.04 | Multi-Family Home | $385,000 | 01/16/26 | 6 | 4 | 5,520 | |
0.78 | Multi-Family Home | $60,000 | 01/30/26 | 4 | 3 | 2,585 | |
0.77 | Multi-Family Home | $162,000 | 06/24/26 | 3 | 3 | 2,000 | |
1.04 | 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 |
|---|---|---|---|---|---|---|
0.03 | $124,000 | 3 | 1.5 | 1,026 | Off Market | |
0.03 | $1,029,900 | 8 | 4 | 15,360 | Off Market | |
0.09 | $137,400 | 3 | 1 | 1,581 | Off Market | |
0.08 | $59,900 | 2 | 1 | 808 | Recently Sold | |
0.08 | $114,800 | 2 | 1 | 800 | Off Market | |
0.08 | $130,000 | 3 | 2 | 1,392 | Recently Sold | |
0.10 | $105,000 | 2 | 1 | 698 | Off Market | |
0.06 | $92,000 | 3 | 1 | 1,244 | Recently Sold | |
0.12 | $95,400 | 2 | 1 | 720 | Off Market | |
0.08 | $98,000 | 2 | 1 | 1,260 | Recently Sold | |
0.12 | $119,300 | 2 | 1 | 742 | Off Market | |
0.11 | $153,600 | 3 | 2 | 1,352 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Living Area
7,200 sqft
Price/Sqft
$69
About this House
Fantastic Opportunity to own (2) VERY Attractive 4-plex's that sit on the NW corner of Outer Park & 1st St. There's CARPORT parking for (8). Both buildings have full basements w/laundry hook ups & storage stalls for each unit. Unit's are approx 900sf w/2bed, 1 Bth, Liv Rm & Eat-in kit. Elec/Gas expenses are for common area & laundry. Coin laundry has been $600-800/yr (currently $0, but about to be implemented again). GOI projected @ $650/unit (although current avg is $652) & Additional Annual# represents 10% vacancy. New roofs in 2006, newer electric & some new mechanical's. As Is Insp Welcome
Outer Park & 1st St, Springfield, IL 62704 is a studio, 8 bathroom, 7,200 sqft multi-family. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $494,300, with a rent estimate of $1,270/month.
Home Details for Outer Park & 1st St
|
|---|
Heating & Cooling Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2 |
Interior Details Types of Rooms: Walk In Closet |
Appliances & Utilities Cable Ready |
|
|---|
Property Type / Style Property Type: Multi Family |
|
|---|
Units in Building: 8 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 29, 2016 Source: Agent Provided | ListingRemoved | $319,000 |
Sep 13, 2016 Source: Agent Provided | Listed For Sale | $319,000 |
Market trends in Springfield
Last updated July 2026
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
What Locals Say about Springfield
At least 943 Trulia users voted on each feature.
88 % Say car is needed
88 % Say parking is easy
85 % Say it's dog friendly
83 % Say there are sidewalks
81 % Say yards are well-kept
73 % Say there's holiday spirit
69 % Say kids play outside
59 % Say it's quiet
58 % Say streets are well-lit
58 % Say people would walk alone at night
56 % Say neighbors are friendly
48 % Say there's wildlife
48 % Say they plan to stay for at least 5 years
46 % Say it's walkable to restaurants
41 % Say it's walkable to grocery stores
30 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about Outer Park & 1st St
- What is Outer Park & 1st St estimated to be worth?Trulia's estimated value for Outer Park & 1st St in Springfield, IL is $494,300.
- 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 Springfield?Residents describe Springfield, IL as easy to park in, dog-friendly, and pedestrian-friendly. See recently sold homes in Springfield, IL.
- Does Outer Park & 1st St have air conditioning?Yes, Outer Park & 1st St in Springfield, IL has air conditioning.

