IL
Sangamon
Springfield
62703
520 E South Grand Avenue
520 E South Grand Avenue, Springfield, IL 62703
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
30
$725,000

Home Details for 520 E South Grand Avenue

Price
$725,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1931
County
Sangamon
Garage
Days on site
0
MLS Listing#
CA1040142
Property Description

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 Features
    Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-12-18 02:38:21. 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.
    Last Updated: 2025-12-18 02:38:21
    Transportation
    Check the walk, transit, and bike score for
    Neighborhood Market Statistics
    See average values in the proximity of this property
    Median Listing Price
    Median Days on Site
    Median Square Feet
    Market statistics compiled from data from Midwest Real Estate Data.
    EXIT REALTY REDEFINED
    1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
    Roger Jenisch
    License #: 471-013357
    Broker of Record
    Office
    630 480 4555
    Agent
    773 682 8771
    Request more details
    Code: