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.
Property Type(s):
Multi Family
|
Last Updated
|
4/26/2026
|
Tract
|
None
|
|
Year Built
|
1931
|
Community
|
Springfield
|
|
County
|
Sangamon
|
SCHOOLS
| High School |
Springfield District #186 |
Price History
|
Prior to Feb 20, '26
|
$725,000 |
|
Feb 20, '26 - Apr 6, '26 |
$680,000 |
|
Apr 6, '26 - Apr 26, '26 |
$675,000 |
| Apr 26, '26 - Today |
$650,000 |
Additional Details
| AIR |
Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Water Heater |
| AREA |
Springfield |
| BASEMENT |
Full, Yes |
| CONSTRUCTION |
Brick |
| HEAT |
Hot Water |
| HOA DUES |
Monthly |
| LOT DESCRIPTION |
Level |
| LOT DIMENSIONS |
54x151 |
| PARKING |
Other |
| SEWER |
Public Sewer |
| SUBDIVISION |
None |
| TAXES |
16662.34 |
| WATER |
Public |
Listing provided by Debra Sarsany, The Real Estate Group, Inc., Mobl: 217-313-0580
Listings courtesy of RMLS Alliance as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/2/26 6:44 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
This IDX solution is (c) Diverse Solutions 2026.
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