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520 S Grand Ave Springfield, IL 62703

Sponsored
For Sale
$725,000

MULTI_FAMILY - Springfield, IL

Days on Market:
3
Last Refresh:
Jan 7 at 3:06 am

Property Features for 520 S Grand Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
22-03.0-101-009
Parking
12
Basement
Full

Utilities

Heating system
Hot Water(Heating), Other (Heating)
Water source
Public

Building Details

Year built
1931
Number of units
12
Building materials
Brick

The Real Estate Group, Inc. (217) 787-7000 [email protected]

Listing agent Debra Sarsany

Listing date Jan 5, 2026

MLS# CA1041155 Listing URL

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

Furnished Historic Apartment Building Investment

This well-maintained, historic 3-story brick apartment building presents an investment opportunity. It features 12 fully furnished 1-bedroom units, each move-in ready with furniture including living room and bedroom sets, kitchen essentials, and flat-screen TVs. This makes the property suitable for both long-term tenants and short-term rental opportunities. A reliable boiler system provides consistent heat throughout the building, and each unit has a window A/C for year-round comfort. Newer windows and a roof replacement completed around 2016 contribute to durability and energy efficiency. Several apartments received upgrades in 2025, including new furnishings, refreshed bathroom vanities, modern cabinetry, updated appliances, and refinished tub/showers. The property is located in Springfield, Illinois.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Springfield Sunsent Solar ... Solar Energy System Service

Suggested Use

Realty agency Restaurant Law Firm 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
-89.64849812
Latitude
39.78670544

FAQs

What type of property is this?
Apartment building - Turnkey, furnished 12-unit apartment building in Springfield, Illinois.
Where is this apartment building located?
The property is located at 520 S Grand Ave Springfield, IL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: - Listed under appraised value, presenting an immediate investment opportunity.; - Turnkey investment: **12 fully furnished 1-bedroom units, ready for immediate rental income.**; - Recent upgrades in select units (2025) including new furnishings, bathroom vanities, cabinetry, appliances, and refinished tub/showers.
More about this property
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