illinois victorian

Adorable c.1891 Illinois Victorian Era Cottage $70K

$70,000

A fantastic value-add opportunity! Featuring a flexible 1- to 2-bedroom, 1-bath layout, this Illinois victorian is primed for a buyer or investor looking to renovate and customize. Solid bones and a versatile floor plan make this the perfect project to unlock instant value.

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Realtor Comments

Investment opportunity with plenty of potential! Conveniently located near local hospitals, downtown Springfield, shopping, and dining. Whether you’re looking for your next renovation project, rental property, or a home to make your own, this property offers a great opportunity to build value. Property is being sold as-is
  • 1bd
  • 1ba
  • 1,193sqft
  • Circa 1891

More Illinois Properties

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1304 N 3rd St, Springfield, IL 62702

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

Contact Realtor: Logan Frazier

Brokered by The Real Estate Group Inc.

Google Maps

Niche

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The Pros of Living in Springfield

  1. High Home Affordability & Low Cost of Living

    • Housing prices are well below state and national averages, making homeownership accessible for first-time buyers and families.

       

    • Everyday expenses—including utilities, health care, and groceries—are budget-friendly.

       

  2. Lincoln Heritage & Rich Cultural Attractions

    • The city is filled with landmark historic sites, including the Abraham Lincoln Presidential Library and Museum, the Lincoln Home National Historic Site, and the Old State Capitol.

    • Cultural perks include Frank Lloyd Wright’s famous Dana-Thomas House, the Springfield Municipal Opera (The Muni), and the annual Illinois State Fair.

  3. Short Commutes & Low Traffic

    • Average commute times sit under 20 minutes. Interstate 55 and Interstate 72 provide easy driving, and traffic bottlenecks are minimal compared to larger metros.

       

  4. Stable Employment in Government & Healthcare

    • Major local employers include Illinois state government agencies, healthcare networks (Memorial Health and HSHS St. John’s Hospital), and insurance services.

  5. Centrally Located in the Midwest

    • Springfield sits midway between Chicago (~3 hours northeast) and St. Louis (~1.5 hours southwest). Amtrak service runs directly through downtown, offering easy train access to both major hubs.

The Cons of Living in Springfield

  1. Elevated Crime Rates in Certain Neighborhoods

    • Like many regional capitals, property and violent crime rates in Springfield are higher than national averages.Crime is often concentrated in specific geographic pockets, requiring careful research when choosing a neighborhood.

       

  2. Slower Job Market Growth Outside Government/Medical

    • Career opportunities outside of state government, healthcare, education, and legal fields can be limited, with fewer options for high-paying corporate or tech roles.

  3. Quiet Nightlife & Slower Pace

    • While downtown Springfield has local taverns, craft breweries, and dining spots, the overall nightlife scene is modest. High-end shopping and major entertainment venues often require trips to St. Louis or Chicago.

  4. Midwestern Winter Weather

    • Summers are warm and humid, while winters bring freezing temperatures, ice, and occasional snowfall that require typical cold-weather preparation.

  5. Variable Public School Performance

    • Public school ratings vary significantly across Sangamon County. While some suburban and magnet programs excel, individual school performance across the main district (Springfield Public Schools District 186) remains uneven.

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