520 E South Grand Avenue, Springfield, IL 62703
Local realty services provided by:CENTURY 21 Tucker Swanson
520 E South Grand Avenue,Springfield, IL 62703
$725,000
- - Beds
- - Baths
- 7,692 sq. ft.
- Multi-family
- Active
Listed by: debra sarsany
Office: the real estate group, inc.
MLS#:CA1041155
Source:IL_CAAR
Price summary
- Price:$725,000
- Price per sq. ft.:$94.25
About this home
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.
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Home facts
- Year built:1931
- Listing ID #:CA1041155
- Added:91 day(s) ago
- Updated:January 27, 2026 at 03:31 PM
Rooms and interior
- Living area:7,692 sq. ft.
Heating and cooling
- Heating:Hot Water, Wall Unit(s)
Structure and exterior
- Year built:1931
- Building area:7,692 sq. ft.
Schools
- High school:Springfield District #186
Utilities
- Water:Public
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$94.25
- Tax amount:$16,662 (2024)
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