520 E South Grand Avenue
Springfield, IL, 62703
$725,000
Beds
0 Baths
0 SqFt
0 Acres
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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.

Property Details

Price:
$725,000
MLS #:
RMACA1041154
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Jan 4, 2026
Total Sq Ft:
7,692

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Schools

Interior

Cooling
Multi Units, Wall/Window Unit(s)
Flooring
Carpet, Tile
Heating
Hot Water

Exterior

Construction Materials
Brick, Frame
Roof
Other

Financial

Tax Year
2024
Taxes
$16,662

Map

Community

Market Summary

Current real estate data for Commercial in Springfield as of Jan 28, 2026
180
Commercial Listed
911
Avg DOM
117
Avg $ / SqFt
$691,198
Avg List Price

Property Summary

    520 E South Grand Avenue Springfield IL is a Commercial for sale in Springfield, IL, 62703. It is listed for $725,000

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