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Sold for $300,000
  • $300,000

    1501 & 1505 S 5th St, Springfield, IL 62703

    6beds
    4baths
    5,083sqft
    Multi Family
    Built in 1915
    -- sqft lot
    $303,000 Zestimate®
    $59/sqft
    $1,096 Estimated rent

    Home value

    $303,000

    $273,000 - $336,000

    $1,096/mo

    Zestimate® history
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    $1,096/mo

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    $2,191/mo

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    $2,191/mo

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    What's special

    Ample storage areaDining room
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua F Kruse Offc:217-787-7000,

    The Real Estate Group, Inc.

    Bought with:

    Kory Price, 475121579

    Keller Williams Capital

    Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1043646MLS LogoOriginating MLS: Capital Area Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Water Heater
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 5,083
    • Total interior livable area: 5,083 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Detached, Oversized
    Lot
    • Size: 1.54 Acres
    • Dimensions: 220 x 304
    • Features: Extra Lot
    Details
    • Additional parcels included: 22040234010 22040234011
    • Parcel number: 2204.0234009

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Vinyl Siding
    • Foundation: Block, Brick/Mortar, Concrete Perimeter, Slab
    • Roof: Rubber,Shingle
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Springfield

    Financial & listing details

    • Price per square foot: $59/sqft
    • Annual tax amount: $8,963
    • Date on market: 5/11/2026
    • Cumulative days on market: 4 days
    • Lease term: Month To Month
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/22/2026Sold$300,000$59/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043646 Report a problem
    5/15/2026Pending sale$300,000$59/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043646 Report a problem
    5/11/2026Listed for sale$300,000+7.1%$59/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1043646 Report a problem
    3/2/2023Sold$280,000-6.7%$55/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem
    2/1/2023Contingent$300,000$59/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem
    1/4/2023Price change$300,000-7.7%$59/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem
    10/10/2022Price change$324,900-7.1%$64/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem
    9/8/2022Price change$349,900-9.1%$69/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem
    8/30/2022Listed for sale$384,900$76/sqft
    Source: RMLS Alliance as distributed by MLS GRID #CA1017657 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Near South

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $303,000
    2% more
    +$6,060
    With Zillow Showcase(estimated)
    $309,060
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $303,000
    2% more
    +$6,060
    With Zillow Showcase(estimated)
    $309,060