For sale

$38,000

Est. $320/mo —

•

1,320

sq ft

512 Hay St, Springfield, IL 62702

About this home

Now's your opportunity! Investor Special — Bring Your Vision and Design Styles! Calling all investors, rehabbers, and buyers looking for their next value-add opportunity! This spacious 3-bedroom, 1.5-bath home offers plenty of room to reimagine and improve. The existing layout offers a large eat-in kitchen with wrap around counter tops, the additional space upstairs offers potential for a 4th bedroom, while the basement provides endless opportunities for finished living, recreation, or flex space. Outside, you’ll find a decent-sized backyard, carport, and detached 2-car garage—features that could add significant appeal once the property is renovated. This home needs TLC and is ready for renovation, making it a great opportunity for an investor looking for a flip, rental property, or long-term hold. Bring your contractor, your ideas, and your vision—this one is ready for its next chapter! (Property being sold 'AS-IS' - Photos are AI Generated-Last photo is true picture)

Single-familyProperty Type

1895Year Built

7,000 sq ftLot Size

$29Price/Sq.Ft.

2 garage spacesParking

Listed by Tiana Burnett • Keller Williams Capital

Contact: Pref: 708-369-7669

Listing updated: Oct 28, 2026 at 03:01pm

Redfin checked: 2 minutes ago

•Source:RMLSA as Distributed by MLS Grid #CA1046543

Payment calculator

$320 per month

Principal and interest$207

Property taxes

$95

HOA dues

Home insurance

$17

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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520 Pleasant Ct, Chatham, IL 62629
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2104 Scarbrough Rd, Springfield, IL 62702
0.25 acre lot • 2 garage spots • Built 1976
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$110,000
3 beds1 bath908 sq ft
49 Midland Ct, Springfield, IL 62702
5,000 sq ft lot • Parking • Built 1961
OPEN SUN, 12PM TO 2PM
$725,000
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4600 Foxhall Ln, Springfield, IL 62711
0.36 acre lot • 3 garage spots • Built 2002
OPEN SUN, 1PM TO 3PM
$170,000
3 beds1.5 baths1,481 sq ft
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OPEN SUN, 1PM TO 3PM
$679,900
3 beds2 baths1,952 sq ft
9 Cottage Grove Ln, Springfield, IL 62712
0.93 acre lot • 5 garage spots • Built 1940
OPEN SUN, 1PM TO 3PM
$615,000
5 beds3 baths4,038 sq ft
3909 Old Mill Ln, Springfield, IL 62711
3 garage spots • Built 1993 • Listed 16 days
OPEN SUN, 1PM TO 3PM
$289,000
3 beds2.5 baths3,361 sq ft
3409 Ashley Ln, Springfield, IL 62711
9,594 sq ft lot • 2 garage spots • Built 1991
OPEN SUN, 1:30PM TO 3:30PM
$264,500
3 beds2 baths1,573 sq ft
610 Evergreen Dr, Chatham, IL 62629
0.29 acre lot • 2 garage spots • Built 1988

Around this home

Schools

K - 12
Preschool & daycare

Enos Elementary School

Public K-5 • Assigned • 0.2mi

4/10

U S Grant Middle School

Public 6-8 • Assigned • 1.4mi

2/10

Lanphier High School

Public 9-12 • Assigned • 1.2mi

1/10

Provided by GreatSchools

About Oak

Ridge

Provided by Walk Score and Local Logic

Market insights

512 Hay St · $38,000

DAYS ON MARKET

The average home goes pending in 14 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $211,450. (456% higher than this home)

PRICE DROP

24% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Bedroom

Bedrooms
3 bedrooms
Two bedrooms on the main level
One bedroom on the upper level

Bathrooms
1 full bathroom
1 half bathroom

Flooring
Other flooring

Heating & cooling
Electric and gas heating

Sale and tax history for 512 Hay St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$2,439 (+3.4%)

$3,069 + $27,059

$30,128

2024

$2,360 (+35.7%)

$2,862 + $25,237

$28,099

2023

$1,739 (+8.0%)

$2,614 + $23,052

$25,666

2022

$1,610 (+4.8%)

$2,481 + $21,483

$23,964

2021

$1,536 (+2.0%)

$2,388 + $20,679

$23,067

2020

$1,506 (+2.0%)

$2,392 + $20,710

$23,102

2019

$1,477 (+3.4%)

$2,384 + $20,638

$23,022

2018

$1,429 (+2.6%)

$2,372 + $20,537

$22,909

2017

$1,393 (+2.6%)

$2,341 + $20,271

$22,612

2016

$1,357 (+9.6%)

$2,307 + $19,975

$22,282

2013

$1,238

$2,264 + $19,023

$21,287

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

7,100 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Other

County

Sangamon County

APN

14280253020

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 16, 2026.

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.

Permitted uses

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

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 105° expected this year, 20 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Springfield, IL • 62702

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 512 Hay St

$30,728

$7,272 under list price of $38K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $34K to $135K.

SOLD SEP 10, 2026
$43,000 Last sold price
4 beds2 baths1,760 sq ft
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$5/sq ft
larger lot
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SOLD JUL 8, 2026
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201 S Walnut St, Springfield, IL 62704-0000
$53/sq ft
larger lot
54 years newer
SOLD JUL 6, 2026
$120,000 Last sold price
2 beds1.5 baths1,321 sq ft
1032 N 2nd St, Springfield, IL 62702
$62/sq ft
5 years newer
SOLD MAY 15, 2026
$135,000 Last sold price
3 beds2 baths1,492 sq ft
1128 W Elliott Ave, Springfield, IL 62702
$61/sq ft
larger lot
70 years newer
SOLD AUG 20, 2026
$33,800 Last sold price
4 beds1.5 baths2,140 sq ft
927 W Calhoun Ave, Springfield, IL 62702
$13/sq ft
smaller lot
9 years newer

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Details provided by RMLSA as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 512 Hay St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 512 Hay St

Early Access listings

Nearby similar homes

New listings for sale in 62702

More real estate resources