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Pending
  • $300,000

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

    6beds
    4baths
    5,083sqft
    : 
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    Multi Family
    Built in 1915
    -- sqft lot
    $299,900 Zestimate®
    $59/sqft
    $-- HOA

    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!
    47 days
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    30
    |
    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua F Kruse Offc:217-787-7000,

    The Real Estate Group, Inc.

    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: 48 days
      • Lease term: Month To Month
      • Road surface type: Paved

        Estimated market value

        $299,900

        $285,000 - $315,000

        $1,156/mo

        Price history

        DateEventPrice
        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.

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: Near South

          Getting around

          39 / 100
          Some Transit

          Nearby schools

          GreatSchools rating

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