$965,000

1025 S 5TH Street, Springfield, IL 62703

  • 14,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $69/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Flats On Fifth is a 19-unit multifamily asset in the heart of Springfield offering 19 renovated 1 bed 1 bath units across 2 levels & approx. 14,000 SF, allpositioned next to major demand drivers including Springfield Clinic Main Campus. Units were updated in 2022–2023 with flooring, paint, cabinets/counters as needed& appliances as needed, plus most HVAC has been refurbished or replaced in the last 18 months. Owner is currently replacing the entire roof on the north building.Value-add remains with an approx. 800 SF office space that’s currently vacant, includes 2 bathrooms & can be renovated & leased for additional income. Central,commuter-friendly location surrounded by well-kept commercial properties supports strong tenant demand including mid-term stays like traveling nurses & students.

Listing Status:
Pending
Data Last Updated:
April 5, 2026 at 8:17PM
Listing Office:
The Real Estate Group, Inc. : 217-787-7000
Listing Agent:
Kyle T Killebrew : 217-741-4040
MLS ID:
CA1041899
  • General: Cable Available
  • Laundry: Common Area
  • Basement: None
  • A/C: Central Air
  • Heating: Forced AirNatural Gas
  • Parking: GuestOtherParking spaces: 30
  • Roofing: Other
  • General: Concrete Perimeter
  • Originating MLS: rmlsa
  • County: Sangamon
  • Zoning: R5-BN 10' LOT 16 & ALL LOTS 1718 & 19 BLOCK 15 W HALLENS ADDN (130X15214340353025
  • Water: Public SewerPublic
  • Source: rmlsa

This listing courtesy of Kyle T Killebrew , The Real Estate Group, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Feitshans Elementary School

1101 S 15th St, Springfield, IL, 62703

Grades PK-5

0.75 miles away

L

Lincoln Magnet School

300 S 11th St, Springfield, IL, 62703

Grades 6-8

0.79 miles away

S

Springfield Learning Academy

101 E Laurel St, Springfield, IL, 62704

Grades 9-12

0.53 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.