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Sold on 04/17/2026

1025 S 5th St, Springfield, IL 62703

  • $965,000

    Last sold 04/17/2026 after 53 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1025 S 5th St

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Rental estimate
Property description
Flats On Fifth is a 19-unit multifamily asset in the heart of Springfield offering 19 renovated 1 bed 1 bath units across 2 levels & approx. 14,000 SF, allpositioned next to major demand drivers including Springfield Clinic Main Campus. Units were updated in 2022–2023 with flooring, paint, cabinets/counters as needed& appliances as needed, plus most HVAC has been refurbished or replaced in the last 18 months. Owner is currently replacing the entire roof on the north building.Value-add remains with an approx. 800 SF office space that’s currently vacant, includes 2 bathrooms & can be renovated & leased for additional income. Central,commuter-friendly location surrounded by well-kept commercial properties supports strong tenant demand including mid-term stays like traveling nurses & students.
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1041899 • last updated 2 months ago
Movoto checked RMLS Alliance for data 3 hours ago
Overview
Cooling/AC Central Air
Heating Forced Air, Natural Gas
Levels/Style Apartment Building
MLS # CA1041899
Status Sold
SubType Residential Income
Property Tax 22954.58
Year Built 1958
Interior
Laundry Common Area
Interior Features Cable Available
Exterior
Foundation Concrete Perimeter
Roof Other
Construction Brick
Parking Guest, Other
# of Parking Spaces 30
Lot Features Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14340353025
Directions Located On South 5th Street Between Scarritt And Allen Streets.
Multifamily Details
Total # of Units 19
Net Operating Income 78270
Expense: Operating 53953
Expense: Manager 11684
Expense: Maintenance 22205
Expense: Trash 2346
Gross Income 155178
Gross Scheduled Income 151678
Lot/ Land Details
Development Status Completed
We are not permitted to show value estimates for this property.
  • Apr 2026
    mls logo MLS # CA1041899
  • Apr 17, 2026 Sold
    $965,000
  • Mar 5, 2026 Pending
    —
  • Feb 23, 2026 Listed
    $965,000
  • 1025 S 5th St
    $965K
  • Old Aristocracy Hill
    $92.4K -51% y/y
  • 62703
    $93K -15% y/y
  • Springfield
    $204K +7% y/y
No chart available
Statistics calculated by Movoto

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5/10
Springfield High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.

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