520 E S Grand Avenue, Springfield, IL 62703
sale
$725,000
|
Other
Courtesy Of The Real Estate Group, Inc.
Listed under appraised value! This well-maintained 3-story historic brick apartment building is an amazing investment opportunity, featuring 12 fully furnished 1-bedroom units. Each apartment comes move-in ready with a complete furniture package including living room and bedroom sets, kitchen essentials, and flat-screen TVs-making it ideal for both long-term tenants and short-term rental opportunities. The property boasts a reliable boiler system providing consistent heat throughout the building, while each unit is equipped with a window A/C for comfort year-round. Newer windows and a roof replacement completed around 2016 ensure long-term durability and energy efficiency. Several apartments received recent upgrades in 2025, including new furnishings, refreshed bathroom vanities, modern cabinetry, updated appliances, and refinished tub/showers. With its combination of historic character, updated features, and turnkey furnished units, this building is a rare investment opportunity offering stable income potential and long-term value. In order to minimize disrupting current tenants, 48 hours notice is required for showings.
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Property Features
- Building Units: 12
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Brick
- Exterior Type: Frame
- Floor Covering: Tile
- Floor Covering: Carpet
- Floors: 3
- Heating System: Hot Water(Heating)
- Legal Description: W 54' L 1 B 1 E. ILES SUB LANDS #1
- MLSID: CA1038718
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