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.
For sale
$965,000
1025 S 5th St, Springfield, IL 62703
4beds
4baths
14,000sqft
Est.:
Multi Family, Apartment
Built in 1958
-- sqft lot
$-- Zestimate®
$69/sqft
$-- HOA
What's special
- 5 hours |
- 104 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: 13 hours ago
Listed by:
Kyle T Killebrew Mobl:217-741-4040,
The Real Estate Group, Inc.
Source: RMLS Alliance,MLS#: CA1041899
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 14,000
- Total interior livable area: 14,000 sqft
Property
Parking
- Total spaces: 30
Lot
- Size: 0.35 Acres
- Dimensions: 130 x 118
- Features: Level
Details
- Parcel number: 14340353025
- Zoning description: R5-B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Other
Condition
- New construction: No
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $69/sqft
- Annual tax amount: $22,954
- Date on market: 2/23/2026
- Lease term: Variable
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2026 | Listed for sale | $965,000$69/sqft |
Source:  RMLS Alliance #CA1041899 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,148/mo
Principal & interest
$4556
Property taxes
$1592
Climate risks
Neighborhood: Old Aristocracy Hill
Nearby schools
GreatSchools rating
- 2/10Elizabeth Graham Elementary SchoolGrades: K-5Distance: 1 mi
- 3/10Benjamin Franklin Middle SchoolGrades: 6-8Distance: 1.6 mi
- 7/10Springfield High SchoolGrades: 9-12Distance: 1 mi
Local experts in 62703
