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1501 1505 S 5th St, Springfield, IL 62703

  • $300,000

  • bed

  • bath

Multi-family for sale 4 hours
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About 1501 1505 S 5th St

Property type Multi-family
Neighborhood
Year built 1915
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
So much potential and so many possibilities accompany this property! This unique piece of ground is location on South 5th St, just outside of historic downtown Springfield. This property is so conveniently close to I-55 and I-72, an abundance of shopping, restaurants, grocery, and living conveniences, that you will not have to go far to get what you need. Built between 1915 and 1937, there are two independent duplex buildings that offer a range of uses, once marketed as commercial office space, but now as separate duplex rental units. Easily converted back to office space if one might desire. 1501 offers a 2 bedroom unit on the main level with 1 bath, office, kitchen, dining and living room. The upper level unit has 2 bedrooms, living room, kitchen, bathroom, and private balcony. The basement holds a workshop, ample storage area and laundry. 1505 has a 1 bedroom unit on the main floor with living room, dining room, kitchen, and full bath. The upper unit is a 1 bedroom with living room, kitchen, also offering good storage in the basement. There is an oversized detached garage on the grounds measuring 24x39, plus an additional 30x47 heated garage!
Listed by
Listing Office - The Real Estate Group, Inc.
Source: RMLS Alliance mls logo
MLS#CA1043646 • last updated 4 hours ago
Movoto checked RMLS Alliance for data 6 minutes ago
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Overview
Cooling/AC Central Air
Heating Forced Air, Natural Gas
Levels/Style Two Or More Story
MLS # CA1043646
Status Active
SubType Residential Income
Property Tax 8963.12
Year Built 1915
Exterior
Foundation Block, Brick/Mortar, Concrete Perimeter, Poured Concrete, Slab
Roof Rubber, Shingle
Construction Brick, Vinyl Siding
Parking Detached, Guest, Oversized
# of Parking Spaces 8
Lot Features Extra Lot
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 22-04.0-234-009
Directions Heading South On 5th St, The Property Is At The Corner Of 5th And Cedar.
Multifamily Details
Total # of Units 4
Net Operating Income -8963
Lot/ Land Details
Add'l Parcel(s) 22040234010 22040234011
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

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