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    520 E South Grand AVE, Springfield, IL 62703
    520 E South Grand AVE, Springfield, IL 62703
    520 E South Grand AVE, Springfield, IL 62703
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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353
    Listed by Debra Sarsany • The Real Estate Group, Inc.
    $650,000
    Est. payment /mo
    7,692 SqFt
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    UPDATED:

    Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 7,692 sqft

    Price per Sqft $84

    MLS Listing ID CA1041154

    Annual Tax Amount $16,662

    Tax Year 2024

    Property Sub-Type Commercial

    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

    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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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker | License ID: 475.141177

    Broker License ID: 475.141177

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