Fully occupied and newly remodeled mixed-use building featuring 2 residential apartments and 3 commercial units. Long term tenants and long-term leases with a strong 9.07% cap rate and minimal landlord responsibilities. In place NOI of $51,216, and gross income of $62,556. Ideal for investors seeking stable cash flow and turn key property.
For sale
$569,000
19478 Springfield Rd, Groveland, IL 61535
2beds
5baths
6,200sqft
Est.: Get pre-qualified
Multi Family
Built in 1979
-- sqft lot
$528,400 Zestimate®
$92/sqft
$-- HOA
What's special
- 385 days |
- 285 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Tonya Crawford Office:309-696-7628,
R & R Realty
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1257871
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 5
Heating
- Forced Air
Cooling
- Zoned, Central Air, Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area
Features
- Basement: None
Interior area
- Total structure area: 6,200
- Total interior livable area: 6,200 sqft
Property
Parking
- Total spaces: 25
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Lot
- Size: 0.44 Acres
- Dimensions: .44
- Features: Level
Details
- Parcel number: 050522405001
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Partial, Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Pine Hill
Location
- Region: Groveland
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $318,510
- Annual tax amount: $7,260
- Date on market: 5/14/2025
- Cumulative days on market: 386 days
- Lease term: One Year or Less
- Road surface type: Paved
Estimated market value
$528,400
$502,000 - $555,000
$1,092/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Price change | $569,000-0.2%$92/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 11/10/2025 | Price change | $570,000-1.7%$92/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 10/29/2025 | Price change | $580,000-1.2%$94/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 9/17/2025 | Price change | $587,000-0.2%$95/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 8/28/2025 | Price change | $588,000-0.2%$95/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 8/6/2025 | Price change | $589,000-0.2%$95/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 6/20/2025 | Price change | $590,000-1.5%$95/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 5/14/2025 | Listed for sale | $599,000+130.4%$97/sqft |
Source: RMLS Alliance as distributed by MLS GRID #PA1257871 Report a problem | ||
| 6/3/2019 | Sold | $260,000+8.3%$42/sqft |
Source: Public Record Report a problem | ||
| 2/23/2007 | Sold | $240,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,260 +5.1% | $106,170 +8.9% |
| 2023 | $6,910 +2.9% | $97,480 +8.1% |
| 2022 | $6,715 +4.1% | $90,170 +4% |
| 2021 | $6,450 +2.8% | $86,700 |
| 2020 | $6,275 -4.3% | $86,700 -4.5% |
| 2019 | $6,556 +1.9% | $90,760 |
| 2018 | $6,435 | $90,760 +3.2% |
| 2017 | $6,435 +2.7% | $87,930 |
| 2016 | $6,268 +4.2% | $87,930 |
| 2015 | $6,015 +1% | -- |
| 2013 | $5,958 | $87,930 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 61535
Nearby schools
GreatSchools rating
- NAMorton AcademyGrades: K-12Distance: 3.7 mi
Schools provided by the listing agent
- High: Morton
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Tazewell County
- Groveland
- 61535
- 19478 Springfield Rd
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