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Sold on 01/29/2026

541 E Black Ave, Springfield, IL 62702

  • $337,700

    Last sold 01/29/2026 after 407 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 541 E Black Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 1.8 Acre
Rental estimate
Property description
Imagine the possibilities!! This approx 15,000 sqft historic building is the birthplace of Marjorie Merriweather Post and was formerly used for over 100 years by The Kings Daughters Organization as a ladies dormitory. The building has 26 studio units (approx 538 sqft each) with full baths, a common area, a communal commercial kitchen, partial basement and elevator. 1.8 acre lot overlooks the Lincoln Park area neighborhood.Great proximity to downtown, the hospitals, the Brinkerhoff and Benedictine/Ursuline complex. New roof in 2022/23. Zoned R-3B.
Listed by
Listing Office - RE/MAX Professionals
Source: RMLS Alliance mls logo
MLS#CA1033618 • last updated 3 months ago
Movoto checked RMLS Alliance for data 6 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, None
Levels/Style Two Or More Story
MLS # CA1033618
Status Sold
SubType Residential Income
Lot Size (Acres) 1.8
Property Tax 13217.62
Year Built 1900
Interior
Laundry Common Area
Accessibility Features Wide Doorways, Wide Hallways
Interior Features Elevator, Recreation Room
Exterior
Foundation Block, Brick/Mortar
Roof Composition, Other, Shingle
Construction Wood Siding
Parking Detached, Guest, Parking Pad
# of Parking Spaces 10
Exterior Features Rec Area
Lot Features Level, Sloped
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision None
High School Springfield District #186
APN 14-22.0-326-065
Directions Black Avenue Between North 5th Street And North 7th Street
Multifamily Details
Total # of Units 26
Net Operating Income -13220
Expense: Operating 2
Expense: Manager 1
Lot/ Land Details
Road Surface Paved
  • Jan 2026
    mls logo MLS # CA1033618
  • Jan 29, 2026 Sold
    $337,700 (-15.4%)
  • Dec 17, 2025 Pending
    —
  • Dec 15, 2025 Price Change
    $399,000 (+18.2%)
  • Dec 15, 2025 Price Change
    $337,700 (-15.4%)
  • Dec 8, 2025 Listed
    —
  • Aug 26, 2025 Pending
    —
  • Mar 4, 2025 Price Change
    $399,000 (-6.1%)
  • Feb 19, 2025 Price Change
    $425,000 (-14.8%)
  • Dec 18, 2024 Listed
    $499,000

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Nearby homes for sale in Springfield, IL

  • Real Estate
  • IL
  • Sangamon County
  • Springfield
  • 62702
  • 541 E Black Ave
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Springfield, IL

  • 541 E Black Ave
    $337K
  • Springfield
    —
  • 62702
    $119K 0% y/y
  • Springfield
    $207K +15% y/y
No chart available
Statistics calculated by Movoto
2/10
Ridgely Elementary School
public Grades PK, K-5
Springfield School District 186
2/10
Washington Middle School
public Grades 6-8
Springfield School District 186
2/10
Lanphier High School
public Grades 9-12
Springfield School District 186
Source: GreatSchools.org © 2026. All rights reserved.
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