1501 & 1505 S 5TH ST, Springfield, IL 62730
1501 & 1505 S 5TH ST, Springfield, IL 62730
1501 & 1505 S 5TH ST, Springfield, IL 62730
1501 & 1505 S 5TH ST, Springfield, IL 62730
1501 & 1505 S 5TH ST, Springfield, IL 62730
1501 & 1505 S 5TH ST, Springfield, IL 62730
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Listed by JoshuaF Kruse • The Real Estate Group, Inc.
$ 300,000
Est. payment | /mo

5,083 SqFt


Save
$ 300,000
Est. payment | /mo
Save

5,083 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 5,083 sqft

Price per Sqft $59

MLS Listing ID CA1043646

Year Built 1915

Annual Tax Amount $8,963

Tax Year 2025

Lot Dimensions 220 x 304

Property Sub-Type Residential Income

Source rmlsa

Property Description

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!

Location

State IL

County Sangamon

Area Springfield

Direction Heading south on 5th St, the property is at the corner of 5th and Cedar.

Rooms

Basement Full, Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace N

Exterior

View true

Roof Type Rubber,Shingle

Street Surface Paved

Total Parking Spaces 8

Garage 1

Building

Lot Description Extra Lot

Faces Heading south on 5th St, the property is at the corner of 5th and Cedar.

Unit Features [{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1413880Group_1\"},{\"UnitTypeBedsTotal\":2,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1413880Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":750,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1413880Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":0,\"RMA_NumberParking\":\"2\",\"RMA_NumberUncovered\":\"2\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1413880Group_4\"}]

Foundation Block, Brick/Mortar, Concrete Perimeter, Poured Concrete, Slab

Water Public Sewer, Public

Structure Type Brick,Vinyl Siding

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 22-04.0-234-009

Nearby Locations

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1501 & 1505 S 5TH ST

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