520 E South Grand Avenue
Springfield, IL, 62703
Price$680,000
Beds0
Baths0
SqFtn/a
Baths0
SqFtn/a
Status:Active
Property Type:Commercial
School:
Property Type:Commercial
School:
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.
| Price | $680,000 | |
| Total Baths | 0 | |
| Property Type | Commercial | |
| MLS Sub type | Commercial/CIE | |
| Exterior Features | Wireless Internet | |
| Heating | Hot Water | |
| Parking Description | No | |
| Directions | Fifth St. to South Grand | |
| County | Sangamon | |
| Latitude | 39.786623 | |
| Longitude | -89.644507 | |
| Address | 520 E South Grand Avenue, Springfield, IL 62703 | |
| Postal Code | 62703 | |
| City | Springfield | |
| State | IL | |
| Country | United States | |
| Listing Office | The Real Estate Group, Inc. | |
| Listing Office Phone | 217-787-7000 | |
| Listing Agent | Debra Sarsany | |
| Listing Agent Phone | 217-313-0580 | |
| Days on market | 47 | |
| MLS Status | Active | |
| Listing Date | Jan 4, 2026 | |
| Listing Last Modified | Feb 20, 2026 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 16662 | |
| MLS # | CA1041154 | |
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