703 S 8TH Street, Springfield, IL 62703
sale
$99,500
|
Other
Courtesy Of RMP of Springfield,LLC dba Remax Professionals
BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER - OFFER WHILE YOU CAN! ATTENTION INVESTORS: Historic Dr. Henry Wohlgemuth House - ca. 1864. Located just one block from Lincoln's Home and the Elijah Iles House, this stately three-story solid brick Italianate-style building offers a rare opportunity to restore a piece of Downtown Springfield's architectural history. This grand scale structure features rich character, original charm, and massive potential. While the property is in distressed condition and will require an extensive full interior restoration and cleanout, its historic bones, prime location, and generous size make it a standout investment opportunity in Springfield's revitalizing downtown. The main level includes two expansive units with soaring ceilings, ideal for multi-family residential or mixed-use Commercial conversion. The second floor mirrors this layout with two additional large units, while the third floor offers four efficiency rooms, the original "maid's quarters", each were previously equipped with a kitchenette and toilet-perfect for future short-term rentals, studio apartments, or flexible workspace. A full, unfinished basement offers ample storage. Bring your vision and breathe new life into this iconic property-just steps from one of America's most treasured landmarks. Property will need a Cash buyer or strong Conventional/Construction financing. Seller is open to entertaining all reasonable offers!
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Vinyl Siding
- Exterior Type: Brick
- Floor Covering: Wood
- Floors: 3
- Heating System: Hot Water(Heating)
- MLSID: CA1039673
- Roof Type: Composition
- Roof Type: Flat
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