This home's estimate is 42.5% higher than the average sale price ($110K) of 6 comparable homes.
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512-514 E Oak St, Springfield, IL 62703
About this home
Fantastic income producing duplex property with both sides selling! There are 2-2 bedroom 1 bath units currently renting for $700/mo for each side. Each side has access to the basement where laundry is located for each unit on site. Several updates including the following: 2015 new furnace in #512, 2017 new windows in entire building, 2017 updated electrical boxes in both units, 2014 new kitchen appliances on both sides: microwave, stove, refrigerator, new kitchen cabinets in 2014, 2014 new carpet in bedrooms and tile in kitchen and baths, & new tub surrounds in both bathrooms. All new plumbing from house to road replaced in 2014. In 2019, new furnace was installed in unit #514. Roof was replaced approximately 10 years ago. Most updates have been done & current renters will stay. Both are up-to-date and unaffected by COVID-19.

Redfin Estimate
Market trends in 62703, IL
Last updated October 2026
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Seller's Market
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Provided by Redfin
Sale history for 512-514 E Oak St
$1/sq ft
$1/sq ft
$137/sq ft
$145/sq ft
As the MLS and public records start to fill up, we'll list the details here.
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: 2
- Parking Features: On Street, Parking Pad
Interior
- Heating & Cooling
- Cooling: Central Air
- Heating: Heating Systems - 2+
- Room Information
- Basement: Full, Unfinished
- Interior Features
- Laundry Features: Owned Equipment, Private
Exterior
- Property Type
- Property Sub Type: Residential Income
- Exterior Features
- Roof: Shingle
- Property Information
- Property Sub Type: Residential Income
- Zoning: R-2
- Lot Information
- Lot Features: Level
- Lot Size Dimensions: 54 x 60
- Zoning: R-2
- Building Information
- Is New Construction: No
- Building Area Total: 968
Financial
- Tax Information
- Tax Year: 2019
- Tax Annual Amount: 2083.42
- Tax Legal Description: see tax records
Utilities
- Utility Information
- Water Source: Public Sewer, Public
Location
- Multi-Unit Information
- Units: 2
- Unit 1 Information
- Unit 1 Has Fireplace: Y
- Unit 1 Full Bathrooms: 1
- Unit 1 Half Bathrooms: 0
- Unit 1 Covered Parking Spaces: 0
- Unit 1 Parking Spaces: 1
- Unit 1 Uncovered Parking Spaces: 1
- Unit 1 Actual Rent: 700
- Unit 1 Type: Unit 1
- Unit 1 Bedrooms: 2
- Unit 2 Information
- Unit 2 Has Fireplace: Y
- Unit 2 Full Bathrooms: 1
- Unit 2 Half Bathrooms: 0
- Unit 2 Covered Parking Spaces: 0
- Unit 2 Parking Spaces: 1
- Unit 2 Uncovered Parking Spaces: 1
- Unit 2 Actual Rent: 700
- Unit 2 Type: Unit 2
- Unit 2 Bedrooms: 2
- School Information
- Elementary School: Harvard Park
- High School: Springfield District #186
- Middle Or Junior School: Jefferson
- Location Information
- Directions: Heading north on 6th Street, turn Left on E. Oak Street, Duplex on left
- Subdivision Name: None
- MLS Area Minor: Springfield
- Community Information
- Laundry Features: Owned Equipment, Private
- Units: 2
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Single Family Residential
- Year Built: —
- Year Renovated: —
- County: Sangamon County
- APN: —
Other
- Listing Information
- MLS Area Minor: Springfield
- Standard Status: Closed
- Home Information
- Building Area Total: 968
- Structure Type: Two or More Story, Duplex
- Year Built: 1960
Around this home
Schools
- K - 12
- Preschool & daycare
Public K-5 • Assigned • 0.8mi
Public 6-8 • Assigned • 1.6mi
Public 9-12 • Assigned • 1.5mi
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, 1 days in 30 years
Sun exposure
In this area, properties receive around 10.2 hours in June and 4 hours in December, which is comparable to the U.S. average for solar exposure.
Sell confidently with a local market expert in Springfield. 3 minutes to get started.
Nearby similar homes




New listings for sale in 62703









Home values near 512-514 E Oak St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1250 Sq. Ft. | $88,312 |
3 Beds | 2 Baths | 1598 Sq. Ft. | $105,116 |
3 Beds | 1.5 Baths | 1156 Sq. Ft. | $116,047 |
4 Beds | 1 Baths | 2320 Sq. Ft. | $106,736 |
4 Beds | 2 Baths | 2800 Sq. Ft. | — |
- Beds | - Baths | 2696 Sq. Ft. | $126,999 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $38,337 |
4 Beds | 1.5 Baths | 1288 Sq. Ft. | $146,495 |
- Beds | - Baths | 1500 Sq. Ft. | $90,216 |
2 Beds | 1 Baths | 1474 Sq. Ft. | $94,759 |
- Beds | - Baths | - Sq. Ft. | $88,464 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 2032 Sq. Ft. | $130,811 |
4 Beds | 3 Baths | 2301 Sq. Ft. | $152,778 |
4 Beds | 2 Baths | 2400 Sq. Ft. | — |
4 Beds | 2 Baths | 2319 Sq. Ft. | $142,468 |
5 Beds | 3 Baths | 1550 Sq. Ft. | $123,689 |

Based on information submitted to the MLS GRID as of Sun Nov 08 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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