1025 S 5TH Street Springfield, IL 62703
- Added:
- Feb 17, 2026
- Days on Market:
- 43
- Last Refresh:
- Apr 1 at 2:06 am
Property Features for 1025 S 5TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R5-B
- Parking
- 30
- Standard status
- Pending
- APN
- 14340353025
- Size
- 14,000 SF
Taxes and HOA fees
- TaxYear
- 2024
- TaxDescription
- N 10' LOT 16 & ALL LOTS 17,18 & 19 BLOCK 15 W H ALLENS ADDN (130X152)
- TaxAnnualAmount
- 22955
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1958
- Number of units
- 19
- Flooring type
- Tile, Carpet
- Building materials
- Brick
- Roof type
- Rolled Hot Mop
Listing agent Kyle Killebrew License #475109198 (217) 741-4040
Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL (217) 787-7000
Listing date Feb 17, 2026
MLS# CA1041810
Copyright © 2026 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
Multifamily Asset with Office Space
This 19-unit multifamily asset, known as Flats On Fifth, is located in Springfield, Illinois. The property features 19 renovated one-bedroom, one-bathroom units across two levels, totaling approximately 14,000 square feet. Situated in a central, commuter-friendly location near the Springfield Clinic Main Campus and surrounded by well-maintained commercial properties, the building benefits from strong tenant demand, including mid-term stays for traveling nurses and students. The units were updated between 2022 and 2023 with new flooring, paint, cabinets, counters, and appliances as needed. Most of the HVAC systems have been refurbished or replaced within the last 18 months. The owner is currently replacing the entire roof on the north building. The property includes an approximately 800 square foot vacant office space with two bathrooms, presenting a value-add opportunity for renovation and lease to generate additional income. The zoning is R5-B.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Core 3
Property Management Company
Springfield Clinic West
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.65005
- Latitude
- 39.79017
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 19-unit multifamily property with renovated units and office space.
Where is this office units located?
The property is located at 1025 S 5TH Street Springfield, IL.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Prime location next to Springfield Clinic Main Campus.; Recently renovated units (2022‑2023) feature updated flooring, paint, cabinets/counters, and appliances.; Most HVAC systems refurbished or replaced within the last 18 months.
