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1025 S 5th Street, Springfield, IL 62703

Local realty services provided by:CENTURY 21 Tucker Swanson
1025 S 5th Street,Springfield, IL 62703
$965,000
  • - Beds
  • - Baths
  • 14,000 sq. ft.
  • Multi-family
  • Active
Listed by: kyle killebrew
Office: the real estate group, inc.
MLS#:CA1041899
Source:IL_CAAR

Price summary

  • Price:$965,000
  • Price per sq. ft.:$68.93

About this home

Flats On Fifth is a 19-unit multifamily asset in the heart of Springfield offering 19 renovated 1 bed 1 bath units across 2 levels & approx. 14,000 SF, allpositioned next to major demand drivers including Springfield Clinic Main Campus. Units were updated in 2022–2023 with flooring, paint, cabinets/counters as needed& appliances as needed, plus most HVAC has been refurbished or replaced in the last 18 months. Owner is currently replacing the entire roof on the north building.Value-add remains with an approx. 800 SF office space that’s currently vacant, includes 2 bathrooms & can be renovated & leased for additional income. Central,commuter-friendly location surrounded by well-kept commercial properties supports strong tenant demand including mid-term stays like traveling nurses & students.

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Home facts

  • Year built:1958
  • Listing ID #:CA1041899
  • Added:2 day(s) ago
  • Updated:February 26, 2026 at 02:23 AM

Rooms and interior

  • Living area:14,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Year built:1958
  • Building area:14,000 sq. ft.

Schools

  • High school:Springfield District #186

Utilities

  • Water:Public

Finances and disclosures

  • Price:$965,000
  • Price per sq. ft.:$68.93
  • Tax amount:$22,954 (2024)

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