Historic Apartment
For Sale
Contact for pricing
631 South 4th Street, Springfield, IL 62703
Two-building multifamily property with studios, one-bedroom units, ancillary structures, and an R-5(B) zoning designation.
Property Size53,265 SF
Price / SF$65.71
Days on Market57
Property Features for 631 South 4th Street
General Information
Standard status
Active
Size
53,265 SF
Class
C
Property subtype
Multifamily, Mixed Use
Zoning
R-5(B)
Occupancy
31%
Lease Type
Modified Gross
Investment Type
Value Add
Property Condition
Severity
Repairs Needed
Evidence
require only limited work
Additional Details
Multifamily Units
75
Building Details
Year Built
1920
Buildings
4
Units
75
Tenancy
Multi
Listing Agency:
SVN Core 3
(331) 452-6860
Listed By:
Carrie Tinucci-Troll · License #IL475166842
Source:
Crexi
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Core 3
Investment Insights
Based on property information with market context.
This 53,265-square-foot apartment property dates to 1920 and comprises 75 studio and one-bedroom apartments across two buildings. The primary structure rises five stories, while a separate rear building contains three stories. A detached garage and an additional outbuilding are also included. The property is offered in its current as-is condition, with the main building operational and approximately 40% occupied. Utilities have been restored, and major improvements have been completed in the primary building. The rear building remains positioned for renovation, while additional apartments require varying levels of work before returning to service. The property is zoned R-5(B) and is located at 631 South 4th Street in Springfield, Illinois. Existing ancillary structures may support storage or garage rental uses, subject to applicable approvals.
Key Highlights
- 75 studio and one‑bedroom apartments across two buildings
- 53,265‑square‑foot apartment property built in 1920
- Five‑story main building and separate three‑story rear building
Property Analytics
Current Use
Lease Details
75
Residential units
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 62703, IL
28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
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 - Two-building multifamily property with studios, one-bedroom units, ancillary structures, and an R-5(B) zoning designation.
Where is this apartment building located?
The property is located at 631 South 4th Street Springfield, IL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 75 studio and one‑bedroom apartments across two buildings; 53,265‑square‑foot apartment property built in 1920; Five‑story main building and separate three‑story rear building
