Attention seasoned investors: A prime opportunity awaits at 619 W Hay St in Springfield, Illinois. This 1940-built property, strategically located near Springfield Memorial Hospital and the Lincoln Monument, is ripe for a full gut rehab. Priced at just $19,750, it offers exceptional potential for substantial returns. Key investment highlights: 2 bed, 1 bath single-family home 750 sq ft on a generous 6,691 sq ft lot Solid slab foundation Vacant and ready for immediate renovation Prime location near major medical facility and historic landmark Tax-assessed value of $14,240 This property requires comprehensive updates, including roof replacement, HVAC system, electrical and plumbing upgrades, window replacements, and full interior renovation. For experienced investors, this presents an ideal canvas to maximize value through strategic improvements. The proximity to Springfield Memorial Hospital, a 500-bed teaching facility, offers unique potential for medical professional rentals or short-term housing. Additionally, its location near the Lincoln Monument adds appeal for history enthusiasts and tourists. With the right vision and execution, this property could yield significant returns through increased post-renovation value or as a high-demand rental. Its low entry price and prime location make it an excellent addition to any seasoned investor’s portfolio. Remember to conduct thorough due diligence, including verifying all property details and measurements.
