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!
Pending
$300,000
1501 & 1505 S 5th St, Springfield, IL 62703
6beds
4baths
5,083sqft
Multi Family
Built in 1915
-- sqft lot
$299,900 Zestimate®
$59/sqft
$-- HOA
What's special
Ample storage areaDining room
- 47 days |
- 30 |
- 0 |
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#: CA1043646
Originating 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
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Pending sale | $300,000$59/sqft |
Source: | ||
| 5/11/2026 | Listed for sale | $300,000+7.1%$59/sqft |
Source: | ||
| 3/2/2023 | Sold | $280,000-6.7%$55/sqft |
Source: | ||
| 2/1/2023 | Contingent | $300,000$59/sqft |
Source: | ||
| 1/4/2023 | Price change | $300,000-7.7%$59/sqft |
Source: | ||
| 10/10/2022 | Price change | $324,900-7.1%$64/sqft |
Source: | ||
| 9/8/2022 | Price change | $349,900-9.1%$69/sqft |
Source: | ||
| 8/30/2022 | Listed for sale | $384,900$76/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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 TransitNearby schools
GreatSchools rating
- 2/10Edwin A Lee Elementary SchoolGrades: K-12Distance: 3.2 mi
- 2/10Jefferson Middle SchoolGrades: 6-8Distance: 1.9 mi
- 2/10Springfield Southeast High SchoolGrades: 9-12Distance: 1.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Sangamon County
- Springfield
- 62703
- Near South
- 1501 & 1505 S 5th St






