5-Unit Mixed-Use Apartment
For Sale
$565,000
19478 SPRINGFIELD Road, Groveland, IL 61535
MULTI_FAMILY - Groveland, IL
Property SizeContact for details
Days on Market465
Property Features for 19478 SPRINGFIELD Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
5
Full bathrooms
2
Half bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2
Parking
25
Subdivision
Pine Hill
Lot features
Level
High school
Morton
Directions
Springfield Road to Groveland to 4 way stop signs - sits on corner.
Standard status
Active
APN
05-05-22-405-001
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4
Tax Annual Amount
7260
Legal Description
SEC 22 T25N R4W PINE HILL SUBD EXT 1 LOT 1 SE 1/4
Utilities
Heating system
Forced Air
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1979
Number of units
5
Building materials
Brick Partial, Wood Siding
Roof type
Shingle
Listing Agency:
R & R Realty
(309) 696-7628
Listed By:
Tonya Crawford · License #471009760
(309) 696-7628
Added: May 13, 2025
Changed: Aug 2
Last Checked: Aug 20 at 9:06PM
MLS# PA1257871
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.
Investment Insights
Based on property information with market context.
This mixed-use apartment building includes two residential apartments and three commercial units, with the property reported as fully occupied. The building has been newly remodeled and is described as supported by long-term tenants and long-term leases.
Construction materials include brick partial and wood siding, with forced air heating and zoned central air. The roof is shingle, and water service is public. The building was constructed in 1979.
From an investment standpoint, the property is described with an in-place NOI of $51,216 and gross income of $62,556, along with a reported 9.07% cap rate. The offering is positioned as requiring minimal landlord responsibilities due to the long-term lease structure and tenant base.
Construction materials include brick partial and wood siding, with forced air heating and zoned central air. The roof is shingle, and water service is public. The building was constructed in 1979.
From an investment standpoint, the property is described with an in-place NOI of $51,216 and gross income of $62,556, along with a reported 9.07% cap rate. The offering is positioned as requiring minimal landlord responsibilities due to the long-term lease structure and tenant base.
Key Highlights
- Two residential apartments plus three commercial units (five total)
- Reported fully occupied with long‑term tenants and long‑term leases
- Newly remodeled mixed‑use building with minimal landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 61535, IL
1,748
Population
666
Households
2.6
Avg Household Size
44
Median Age
36%
College-Educated
90%
High-School Grad
7.4 sq mi
ZIP Area
236
Density / Sq Mi
$138,594
Median Household Income
$64,654
Median Earnings
$222,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with two residential apartments and three commercial units, fully occupied and newly remodeled.
Where is this apartment building located?
The property is located at 19478 SPRINGFIELD Road Groveland, IL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two residential apartments plus three commercial units (five total); Reported fully occupied with long‑term tenants and long‑term leases; Newly remodeled mixed‑use building with minimal landlord responsibilities
