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Listed by Debra Sarsany • The Real Estate Group, Inc.
$850,000
Est. payment /mo
7,692 SqFt
Price Dropped by $50K
520 E South Grand AVE Springfield, IL 62703
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,692 sqft
Price per Sqft $110
MLS Listing ID CA1038718
Annual Tax Amount $16,662
Tax Year 2024
Property Sub-Type Commercial
Source rmlsa
Property Description
Historic 12-Unit Brick Apartment Building with Fully Furnished 1-Bedroom Units Step into timeless charm with this well-maintained 3-story historic brick apartment building featuring 12 fully furnished 1-bedroom units. Each apartment comes move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs—making it ideal for both long-term tenants and short-term rental opportunities. The property boasts a reliable boiler system providing consistent heat throughout the building, while each unit is equipped with a window A/C for comfort year-round. Newer windows and a roof replacement completed around 2016 ensure long-term durability and energy efficiency. Several apartments received recent upgrades in 2025, including new furnishings, refreshed bathroom vanities, modern cabinetry, updated appliances, and refinished tub/showers. With its combination of historic character, updated features, and turnkey furnished units, this building is a rare investment opportunity offering stable income potential and long-term value. In order to minimize disrupting current tenants, 48 hours notice is required for showings.
Location
State IL
County Sangamon
Area Springfield
Zoning Commercial
Direction Fifth St. to South Grand
Interior
Heating Hot Water
Cooling Multi Units, Wall/Window Unit(s)
Flooring Carpet, Tile
Fireplace N
Exterior
View true
Roof Type Other
Garage 1
Building
Building Description Brick,Frame, Wireless Internet
Faces Fifth St. to South Grand
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Frame
Others
Tax ID 22-03.0-101-009
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