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    1001 S 1St St Springfield, IL 62704

    Pending
    For Sale
    $399,000

    Residential Income - Springfield, IL

    Property size:
    5,520 SF
    Days on Market:
    14
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 1001 S 1St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    14-33-0-478-016
    Parking
    10
    Parking features
    Guest, On Street
    Exterior features
    Corner Lot, Level
    Size
    5,520 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Number of units
    6
    Building materials
    Brick
    Roof type
    Rubber, Shingle
    Architectural style
    Other

    RMP of Springfield,LLC dba Remax Professionals (217) 787-7215 [email protected]

    Listing agent Jan Brewer (217) 787-7215 License #471021465

    Listing date Nov 24, 2025

    MLS# CA1040626 Listing URL

    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.

    Overview

    Springfield Residential Income Property

    This apartment building in Springfield, Illinois, features six units, including three one-bedroom and three two-bedroom apartments. The property is located close to downtown, shopping, restaurants, and state office buildings. The owner is responsible for water, trash, and sewer services, while tenants cover electric and gas expenses. The building has a new roof planned for 2025, along with new entry way flooring and two new HVAC units also scheduled for 2025. The property size is 5520 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yellow Bird Coffee ... Coffee Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.65511149
    Latitude
    39.790525578

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near downtown Springfield.
    Where is this apartment building located?
    The property is located at 1001 S 1St St Springfield, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Six-unit apartment building with a mix of 1 and 2-bedroom units.; - New roof (2025), new entry way flooring (2025), and 2 new HVAC units (2025).; - Convenient location close to downtown, shopping, restaurants, and state office buildings.
    (217) 787-7215
    Request Owner's contact information
    1001 S 1St St Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 S 1St St Springfield, IL 62704
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