Homes for sale - 520 E South Grand AVE, Springfield, IL 62703

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Steven Sutton-Gordon

steven@stevensellinghomes.com +1(563) 343-7679

Listed by Debra Sarsany • The Real Estate Group, Inc.

$ 725,000

Est. payment | -/mo

7,692 SqFt

Save

$ 725,000

Est. payment | -/mo

Save

7,692 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,692 sqft

Price per Sqft $94

MLS Listing ID CA1041155

Maintenance Fees $1,800

Year Built 1931

Annual Tax Amount $16,662

Tax Year 2024

Lot Dimensions 54x151

Property Sub-Type Residential Income

Source rmlsa

Property Description

Listed under appraised value! This well-maintained 3-story historic brick apartment building is an amazing investment opportunity, 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

Direction GPS

Rooms

Basement Full

Interior

Heating Hot Water, Wall Unit(s)

Fireplace N

Laundry Common Area

Exterior

View true

Roof Type Other

Total Parking Spaces 12

Garage 1

Building

Lot Description Level

Faces GPS

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":1100,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1408063Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":1200,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1408063Group_2\"}]

Water Public Sewer, Public

Structure Type Brick

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 22-03.0-101-009

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(563) 343-7679

steven@stevensellinghomes.com

5525 Meredith Dr, Des Moines, IA, 50310, USA

520 E South Grand AVE Springfield, IL 62703