Versatile Multifamily/Office Property in
1501 & 1505 S 5TH Street, Springfield, IL 62730
MULTI_FAMILY - Springfield, IL
- Added:
- May 11, 2026
- Days on Market:
- 12
- Last Refresh:
- May 22 at 7:06 am
Property Features for 1501 & 1505 S 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 2
- Parking
- 8
- Parking features
- Oversize, Guest
- Basement
- Unfinished, Full
- Standard status
- Pending
- APN
- 22-04.0-234-009
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GEO. CARPENTERS SUB PT E1/2 NE L 1 N 60' B 3 4-15-5
- Tax Annual Amount
- 8963
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Brick, Vinyl Siding
- Roof type
- Rubber, Shingle
Listing agent Joshua Kruse License #475144896 (217) 816-9405
Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL (217) 787-7000
Listing date May 11, 2026
MLS# CA1043646
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.
HighLights
- Two independent duplex buildings offer versatile use.
- Convenient location near I‑55 and I‑72, downtown, shopping, restaurants, and grocery stores.
- Includes an oversized detached garage (24x39) and an additional heated garage (30x47).
- Each duplex features multiple units with bedrooms, living rooms, kitchens, and bathrooms.
- One unit includes a private balcony.
- Basements provide workshop space, ample storage, and laundry facilities.
Overview
Located just outside historic downtown Springfield, this property offers convenient access to I-55 and I-72, as well as a variety of shopping, restaurants, and grocery options. The property consists of two independent duplex buildings constructed between 1915 and 1937. Previously marketed as commercial office space, the buildings are currently configured as separate duplex rental units, but could be converted back to office use. The unit at 1501 S 5th Street features a 2-bedroom unit on the main level with 1 bath, office, kitchen, dining and living room. The upper-level unit has 2 bedrooms, living room, kitchen, bathroom, and private balcony. The basement includes a workshop, ample storage area, and laundry facilities. The unit at 1505 S 5th Street has a 1-bedroom unit on the main floor with living room, dining room, kitchen, and full bath. The upper unit is a 1-bedroom with living room and kitchen, and also offers good storage in the basement. The property includes an oversized detached garage measuring 24x39, plus an additional 30x47 heated garage, providing ample space for parking or storage.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.650307
- Latitude
- 39.784673
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Unique property near downtown Springfield, suitable for residential or commercial use.
Where is this quadplex located?
The property is located at 1501 & 1505 S 5TH Street Springfield, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two independent duplex buildings offer versatile use.; Convenient location near I‑55 and I‑72, downtown, shopping, restaurants, and grocery stores.; Includes an **oversized detached garage (24x39)** and an **additional heated garage (30x47)**.
