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706 S South Grand Ave W, Springfield, IL, 62703

4beds
2baths
1,408sqft
$115,000
$82price/sqft
$1,038/moest. monthly cost
$41,520/yrincome needed

About This Home

Step into the charm of this historic 2-story home, built in 1890 and filled with character you won’t find anywhere else—now with a newly reduced price! Tall ceilings throughout the main level create an airy, spacious feel, complemented by multiple living areas that offer plenty of room to relax, entertain, or make your own. And a main-level bedroom that can easily serve as an office or adapt to your needs. Upstairs, you’ll find three generously sized bedrooms—each offering comfort, natural light, and the timeless appeal of an older home. This property will be fully cleared out prior to closing, giving you a clean slate to bring your vision to life. A rare opportunity to own a piece of history with space, personality, and endless potential! Currently zoned Residential but could be rezoned for small business use!

Getting Around

52
WalkingSomewhat Walkable
32
TransitSome Transit
57
BikeBikeable

Schools

6/10
Butler Elementary SchoolGrades K-50.4 mi

Construction

Condition

  • Year built: 1890

Materials

  • Foundation: Block,Brick/Mortar,Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame,Brick,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom1

  • Level: Main
  • Dimensions: 12ft 0in x 10ft 0in

Bedroom2

  • Level: Upper
  • Dimensions: 13ft 0in x 12ft 0in

Bedroom3

  • Level: Upper
  • Dimensions: 10ft 0in x 14ft 0in

Bedroom4

  • Level: Upper
  • Dimensions: 10ft 0in x 9ft 0in

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s)
  • Window features: Blinds

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,408
  • Total interior livable area: 1,408 sqft

Kitchen

  • Level: Main
  • Dimensions: 10ft 0in x 9ft 0in

Living Room

  • Level: Main
  • Dimensions: 15ft 0in x 23ft 0in

Main Level

  • Area: 400

Other

  • Level: Main
  • Dimensions: 14ft 0in x 13ft 0in

Upper Level

  • Area: 1008

Property

Details

  • Parcel number: 2204.0104031

Features

  • Levels: Two

Lot

  • Lot size: 3,120 sqft
  • Features: Corner Lot
  • Lot size dimensions: 80 x 39

Parking

  • Parking features: On Street,Parking Pad,Alley Access
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
Lightning
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $581$6,972
Home Insurance *$146$1,752
Property Taxes $181$2,172
Electricity $130$1,569
Total$1,038$12,456
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,588/yr
40% on housing$31,140/yr
45% on housing$27,680/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$82This listing

vs Other Active Listings

Avg $/sqft

ZIP 62703$69
Sangamon County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 62703$88
Sangamon County$110

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-31Price change$115,000
2025-12-04Listed for sale$129,000

For Sale by Agent

AgentJerry George
BrokerageThe Real Estate Group, Inc.

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