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520 E South Grand Avenue
Springfield IL 62703 US

$750,000

Active Listing ID CA1038718
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$750,000

Active Listing ID CA1038718
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520 E South Grand Avenue Historic 12-Unit Brick Apartment Building with Fully Furnished 1-Bedroom Units Step into timeless charm with this well-maintained 3-story historic brick apartment building 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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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Multi Units, Wall/Window Unit(s), Window Unit(s)
  • Floor Covering: Carpet, Tile
  • Heating Fuels: Hot Water (Heating)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 750000
  • unparsedaddress: 520 E South Grand Avenue
  • postalcity: Springfield
  • stateorprovince: IL
  • country: US
  • postalcode: 62703
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 7692
  • livingareaunits: Square Feet
  • latitude: 39.786721932
  • longitude: -89.64783293
  • listagentfullname: Debra Sarsany
  • listagentemail: sarsanysells@yahoo.com
  • listagentkey: 3yd-PAARIL-CA2961
  • listagentmlsid: CA2961
  • listagentpreferredphone: 2173130580
  • listagentofficephone: 2177877000
  • listofficekey: 3yd-PAARIL-CA2050
  • listagentstatelicense: 475118739
  • listofficemlsid: CA2050
  • disclaimer: Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARIL
  • listingcontractdate: 2025-08-23
  • listagenturl: https://www.searchillinoishomesforsale.com
  • countyorparish: Sangamon
  • parcelnumber: 22-03.0-101-009
  • cooling: Multi Units, Wall/Window Unit(s), Window Unit(s)
  • constructionmaterials: Brick, Frame
  • flooring: Carpet, Tile
  • heating: Hot Water (Heating)
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.647835, 39.78672
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Real Estate Group, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"sarsanysells@yahoo.com", "ListBrokerageCity":"Springfield", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mikeo@thegroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"The Real Estate Group, Inc.", "ListBrokeragePhone":"(217) 787-7000", "ListBrokeragePostalCode":"62711", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3701 W Wabash Ave", "ListBrokerageWebsiteUrl":"https://www.searchillinoishomesforsale.com", "ListOfficeAddress1":"3701 West Wabash", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Springfield", "ListOfficeCountry":"US", "ListOfficeEmail":"mikeo@thegroup.com", "ListOfficePostalCode":"62711", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - Springfield, IL", "ListingURL":"https://listings.listhub.net/pages/PAARIL/CA1038718/?channel=rexren", "MLSModificationTimestamp":"2025-10-22T15:01:14Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Commercial", "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":16662.34, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/22/2025 10:07:14 PM GMT
Source Updated Date: 12/5/2025 6:45:57 AM GMT

Courtesy of: Debra Sarsany, The Real Estate Group, Inc., sarsanysells@yahoo.com

Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.