1501 & 1505 S 5th St Springfield, IL 62703
Iles Park NeighborhoodEstimated payment $2,347/month
Highlights
- 8 Car Detached Garage
- Forced Air Heating and Cooling System
- 2-minute walk to Washington Park
- Guest Parking
About This Home
So much potential and so many possibilities accompany this property! This unique piece of ground is location on South 5th St, just outside of historic downtown Springfield. This property is so conveniently close to I-55 and I-72, an abundance of shopping, restaurants, grocery, and living conveniences, that you will not have to go far to get what you need. Built between 1915 and 1937, there are two independent duplex buildings that offer a range of uses, once marketed as commercial office space, but now as separate duplex rental units. Easily converted back to office space if one might desire. 1501 offers a 2 bedroom unit on the main level with 1 bath, office, kitchen, dining and living room. The upper level unit has 2 bedrooms, living room, kitchen, bathroom, and private balcony. The basement holds a workshop, ample storage area and laundry. 1505 has a 1 bedroom unit on the main floor with living room, dining room, kitchen, and full bath. The upper unit is a 1 bedroom with living room, kitchen, also offering good storage in the basement. There is an oversized detached garage on the grounds measuring 24x39, plus an additional 30x47 heated garage!
Listing Agent
The Real Estate Group, Inc. Brokerage Phone: 217-787-7000 License #475144896 Listed on: 05/11/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,963
Year Built
- Built in 1915
Lot Details
- Lot Dimensions are 220 x 304
Home Design
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Slab Foundation
- Poured Concrete
- Shingle Roof
- Rubber Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 6 Bedrooms
- 5,083 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 8 Car Detached Garage
- Guest Parking
Schools
- Springfield District #186 High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 22-04.0-234-009
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/15/2026 05/15/26 | Pending | -- | -- | -- | |
| 05/11/2026 05/11/26 | For Sale | $300,000 | +7.1% | $59 / Sq Ft | |
| 03/02/2023 03/02/23 | Sold | $280,000 | -6.7% | $43 / Sq Ft | View Prior Sale |
| 01/04/2023 01/04/23 | Price Changed | $300,000 | -7.7% | $46 / Sq Ft | |
| 10/10/2022 10/10/22 | Price Changed | $324,900 | -7.1% | $50 / Sq Ft | |
| 09/08/2022 09/08/22 | Price Changed | $349,900 | -9.1% | $54 / Sq Ft | |
| 08/30/2022 08/30/22 | For Sale | $384,900 | -- | $59 / Sq Ft |
Source: RMLS Alliance
MLS Number: CA1043646
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Ask me questions while you tour the home.