This home's estimate is 22.1% lower than the average sale price ($158K) of 5 comparable homes.
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332 S State St, Springfield, IL 62704
About this home
Wonderful opportunity for an investor or possible someone who is looking for a duplex to live in. Great cash flow with both tenants locked into a lease with total income of $1,075. Main floor tenant paying $575 per month and upstairs unit at $500. All utilities split and paid by tenants. New water line to property, newer furnace for main floor unit, newer electric heat for the 2nd floor. Other updates include flooring, bath, exterior doors, and roof. Upstairs has updated electrical, water heater, and some plumbing.

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Market trends in 62704, IL
Last updated August 2026
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Sale history for 332 S State St
$61/sq ft
$28/sq ft
$31/sq ft
$7/sq ft
$8/sq ft





Great investment property. Duplex on the west side. Lower unit has living room, dining room, kitchen, 2 bedrooms, and 1 bath. Upper unit has a living room, kitchen, 2 bedrooms, and 1 bath. Property sold as is. This is a Fannie Mae HomePath Property.
$26/sq ft
$28/sq ft
** Price available after signing in.
Tax history for 332 S State St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
R-2
Single-Family and Duplex Residence District
The R-2 single-family and duplex residence district provides for single-family and two-family residential development on normal sized lots.Include but are not limited to:
- Community / recreation center
- Religious facility
- Housing-Single unit
- Housing-Multiple units
- Educational/school
- Golf related
- Sports arena / stadium
- Agriculture-Cropland
- Park & open space
Property details
Parking
- Parking Information
- Parking Total: 0
- Parking Features: On Street
Interior
- Heating & Cooling
- Heating: Forced Air, Gas, Window Unit(s)
- Room Information
- Basement: Block, Brick/Mortar, Full
Exterior
- Property Type
- Property Sub Type: Residential Income
- Property Information
- Property Sub Type: Residential Income
- Zoning: residential
- Lot Information
- Lot Size Dimensions: 40x190
- Zoning: residential
- Building Information
- Building Area Total: 1962
Financial
- Tax Information
- Tax Year: 2016
- Tax Annual Amount: 1507
- Tax Legal Description: FRENCHS ADDN L 3 B 1
Utilities
- Utility Information
- Water Source: Public Sewer, Public
Location
- Multi-Unit Information
- Units: 2
- School Information
- High School: Springfield District #186
- Location Information
- Directions: STATE BETWEEN MONROE AND GOVERNOR
- MLS Area Minor: Springfield
- Community Information
- Units: 2
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: 7,329 square feet
- Style: Other
- Year Built: —
- Year Renovated: —
- County: Sangamon County
- APN: 14330130012
Other
- Listing Information
- MLS Area Minor: Springfield
- Standard Status: Closed
- Home Information
- Building Area Total: 1962
- Structure Type: Duplex
Around this home
Schools
Public K-5 • Assigned • 0.2mi
Public 6-8 • Assigned • 1.8mi
Public 9-12 • Assigned • 0.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 105° expected this year, 20 days in 30 years
1% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
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Nearby similar homes
New listings for sale in 62704
Home values near 332 S State St
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1381 Sq. Ft. | $108,077 |
3 Beds | 2 Baths | 1938 Sq. Ft. | $167,526 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $130,402 |
4 Beds | 2 Baths | 2034 Sq. Ft. | $122,383 |
| Address | Redfin Estimate |
|---|---|
5 Beds | 3 Baths | 2843 Sq. Ft. | $133,055 |
4 Beds | 2 Baths | 2279 Sq. Ft. | $156,553 |
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