1025 S 5th Street, Springfield, IL 62703
- Sqft
- 14,000
View property features, location on map, relevant school information and overview from seller's agent.
- 0
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 14,000
- Year built
- 1958
Utilities
- Heating
- Forced air, Natural gas
- Cooling
- Central air
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Insurance
- $9,000
Taxes
- Tax Annual Amount (2024)
- $22,954.58
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: RMLS Alliance MLS®#: CA1041899 Last checked: …
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.