—

Baths

3,893 Sq. Ft.

$51 / Sq. Ft.

3,893

Sq. Ft.

$51

per Sq. Ft.

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Sold 2/28/25

1115 South 2nd Street Springfield, IL 62704 - Photo 1 of 34

Description

This prime downtown property, located just steps from the Capitol building, offers an exceptional investment opportunity with its excellent condition, versatile spaces, and steady income potential. Remodeled in 2001 with updated wiring, the building features modern functionality throughout its layout. It includes 2,162 square feet of office space across the first and second floors, currently leased to the Illinois Association of Aggregate Producers for $2,500 per month (with a potential rent escalation...This prime downtown property, located just steps from the Capitol building, offers an exceptional investment opportunity with its excellent condition, versatile spaces, and steady income potential. Remodeled in 2001 with updated wiring, the building features modern functionality throughout its layout. It includes 2,162 square feet of office space across the first and second floors, currently leased to the Illinois Association of Aggregate Producers for $2,500 per month (with a potential rent escalation to $2750 in 2026 and a new 5-year term, see attached lease for details). The property includes a large conference room, multiple bathrooms, kitchen spaces/break rooms, enhancing its functionality and appeal. The third floor houses a 650-square-foot 1-bedroom apartment, generating $600 per month on a month-to-month lease, allowing the new owner flexibility to adjust the rent to market rates. Additionally, it offers a 1,081-square-foot unfinished basement ideal for storage to tenants. Property also offers a well-maintained parking lot with plenty of parking. The average monthly expenses include $520 for utilities, $170 for insurance, and $60 for garbage, totaling $1,215. Other updates: 3rd story water heater: 2024, newer fence around parking lot. Strategic location, stable tenants, and potential for increased revenue make this mixed-use property an outstanding investment. Don’t miss this rare opportunity to own a standout piece of downtown real estate!

Listed by Jane Hay • The Real Estate Group, Inc.
P: (217)-414-1203 C: (217)-414-1203 Jane@janehay.com

Property Details for 1115 South 2nd Street

Parking Total

14.0

Subdivision Name

None

LISTING CLOSED: 02/28/2025 12:00 AM

Property Details for 1115 South 2nd Street

Status	Sold
MLS #	CA1033984
Days on Market	48
Taxes	$4,982 / year
HOA Fees	-
Condo/Co-op Fees	-
Property Type	Multi Family
MLS Type	Residential Income / Residential Income
Year Built	-
Lot Size	0.21 AC / 9,147 SF
County	Sangamon County

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Location

Listing Courtesy of The Real Estate Group, Inc.

Sold By The Real Estate Group, Inc.

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Building Information for 1115 South 2nd Street

Stories-Residences2Year Built-Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

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$1,418 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,003

Property Taxes

$415

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 1115 South 2nd Street

Summary

Location and General Information

City: Springfield
County Or Parish: Sangamon

Directions: From S Grand Ave turn North on 2nd Street
Latitude: 39.788891
Longitude: -89.653983
MLSArea Minor: Springfield
Postal Code: 62704
State Or Province: IL

Taxes and HOA Information

Parcel Number: 14-33.0-483-029
Tax Annual Amount: $4,982

Tax Legal Description: LOT 5 & S 26' LOT 4 FEITSHANS & DIXON ADDN
Tax Year: 2023

School Information

High School: Springfield District #186

Parking

Parking Features: Parking Pad

Virtual Tour

Virtual Tour URL Branded: https://design-eyes-photography.aryeo.com/sites/1115-s-2nd-st-springfield-il-62704-13513500/branded
Virtual Tour URL Unbranded: https://design-eyes-photography.aryeo.com/sites/kjljzzb/unbranded

Property

Lot Information

Structure Type: Two or More Story
Building Area Total: 3893.0

Lot Features: Level
Lot Size Acres: 0.21
Lot Size Dimensions: 59 x 160
Number Of Units Total: 2
100 Year Plain: Unknown
Road Surface Type: Paved

Property and Assessments

Documents Available: Aerial Photos,Tenant Lease(s)
Foundation Details: Brick

New Construction: No
Year Built: 0
Year Built Source: Unable to Verify Actual Age

Utilities

Number Of Electric Meters: 3
Number Of Gas Meters: 0

Numberof Water Meters: 1
Water Sewer Expense: $960
Water Source: Public Sewer, Public

Interior and Exterior Features

Exterior Features

Exterior Features: Fence
Lawn Snow Removal: 600

Roof: Shingle
Construction Materials: Vinyl Siding

Interior Features

Basement: Full, Unfinished
Heating: Electric, Forced Air, Heat Pump, Central Air

Laundry Features: Private, Units Hook-Ups
Number Of Central Air Units: 3
Number Of Dishwashers: 2
Number Of Dryers: 1
Number Of Heating Units: 2
Number Of Ranges: 2
Numberof Refrigerators: 3
Number Of Washers: 1
Number Of Water Heaters: 3
Number Of Window Units: 0
Operating Recording Device: None

Multi Family

Income & Expenses

Electric Expense: $5,280
Gross Income: $37,200

Gross Scheduled Income: $37,200
Insurance Expense: $2,040
Maintenance Expense: $0
Manager Expense: $0
Net Operating Income: $22,618
Operating Expense: $9,600
Advertising Expense: 0
Gas Expense: 0
Misc Annual Income: 0
Trash Expense: $720

Unit 1

Fireplace YN: Y
Full Baths: 1

Half Baths: 1
Number Covered: 0
Number Parking: 12
Number Uncovered: 12
Unit Type Beds Total: 0
Unit Type Type: Unit 1

Unit 2

Fireplace YN: N
Full Baths: 1

Half Baths: 0
Number Covered: 0
Number Parking: 2
Number Uncovered: 2
Unit Type Beds Total: 1
Unit Type Type: Unit 2

Rental

Rent Information

Lease Term: Variable
Annual Vacancy Factor: 0

Property History for 1115 South 2nd Street

Date	Event & Source	Price	Appreciation
Feb 28, 2025	Sold (Public Record) Public Record #1552659483	$197,500	+3.3% / yr
Feb 28, 2025	Sold RMLS ALLIANCE #CA1033984	$197,300	—
Jan 30, 2025	Pending RMLS ALLIANCE #CA1033984		—
Dec 13, 2024	Listed (Active) RMLS ALLIANCE #CA1033984	$235,000	—
Aug 31, 2016	Sold (Public Record) Public Record #1080838403	$150,000	+55.4% / yr
Dec 6, 2013	Temporarily Off Market RMLS ALLIANCE #CA201545	$119,900	—
Feb 28, 2009	Sold (Public Record) Public Record #1120398853	$5,500	—
Jul 14, 2000	Sold RMLS ALLIANCE #CA201545	$110,000	—
Jun 13, 2000	Pending RMLS ALLIANCE #CA201545		—
Mar 29, 2000	Listed (Active) RMLS ALLIANCE #CA201545	$119,900	—

Date	Event & Source	Price
02/28/2025	Sold (Public Record) Public Record #1552659483	$197,500 +3.3% / yr
02/28/2025	Sold RMLS ALLIANCE #CA1033984	$197,300
01/30/2025	Pending RMLS ALLIANCE #CA1033984	—
12/13/2024	Listed (Active) RMLS ALLIANCE #CA1033984	$235,000
08/31/2016	Sold (Public Record) Public Record #1080838403	$150,000 +55.4% / yr
12/06/2013	Temporarily Off Market RMLS ALLIANCE #CA201545	$119,900
02/28/2009	Sold (Public Record) Public Record #1120398853	$5,500
07/14/2000	Sold RMLS ALLIANCE #CA201545	$110,000
06/13/2000	Pending RMLS ALLIANCE #CA201545	—
03/29/2000	Listed (Active) RMLS ALLIANCE #CA201545	$119,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1115 South 2nd Street

Taxable ValueLand$36,715Additions$29,433Total$66,148

Tax Record2025$5,356 ($446 / month)

Home Facts

Lot Size9,554 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-33.0-483-029

Schools near 1115 South 2nd Street

This home is within Springfield School District 186.


Rating	School	Type	Grades	Distance
3/10	Elizabeth Graham Elementary School	Public - Serves this home	K to 5	0.8 mi
4/10	Benjamin Franklin Middle School	Public - Serves this home	6 to 8	1.4 mi
5/10	Springfield High School	Public - Serves this home	9 to 12	0.9 mi
NR	Douglas School	Public - Nearby school	6 to 12	1.2 mi
NR	Springfield Learning Academy	Public - Nearby school	9 to 12	0.4 mi
NR	Lawrence Education Center	Public - Nearby school	9 to 12	0.4 mi
NR	Blessed Sacrament	Private - Nearby school	PK to 8	0.8 mi
NR	Cathedral School	Private - Nearby school	PK to 8	0.4 mi


Rating	School	Distance
3/10	Elizabeth Graham Elementary School PublicK to 5 Serves this home	0.8 mi
4/10	Benjamin Franklin Middle School Public6 to 8 Serves this home	1.4 mi
5/10	Springfield High School Public9 to 12 Serves this home	0.9 mi
NR	Douglas School Public6 to 12 Nearby school	1.2 mi
NR	Springfield Learning Academy Public9 to 12 Nearby school	0.4 mi
NR	Lawrence Education Center Public9 to 12 Nearby school	0.4 mi
NR	Blessed Sacrament PrivatePK to 8 Nearby school	0.8 mi
NR	Cathedral School PrivatePK to 8 Nearby school	0.4 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
1111 South 2nd Street, Springfield, IL 62704	$20,000	4	2	–	8,640
1123 South 2nd Street, Springfield, IL 62704	–	–	–	–	3,206
1105 South 2nd Street, Springfield, IL 62704	$130,000	–	–	–	4,610
1101 South 2nd Street, Springfield, IL 62704	–	–	–	–	4,611
1125 South 2nd Street, Springfield, IL 62704	–	–	–	–	6,415
112 East Allen Street, Springfield, IL 62704	$87,000	–	–	–	3,607
108 East Allen Street, Springfield, IL 62704	–	–	–	–	3,601
1120 South 2nd Street, Springfield, IL 62704	$95,000	–	–	–	16,117
1108 South 2nd Street, Springfield, IL 62704	$39,500	–	–	3,103	6,320
1127 South 2nd Street, Springfield, IL 62704	–	–	–	–	8,018
1104 South 2nd Street, Springfield, IL 62704	$100,000	–	–	–	6,400
1126 South 1st Street, Springfield, IL 62704	$73,000	2	1	1,595	0
104 East Allen Street, Springfield, IL 62704	$2,500	–	–	–	3,485
1128 South 1st Street, Springfield, IL 62704	–	–	–	–	5,363
1129 South 2nd Street, Springfield, IL 62704	–	–	–	–	5,614

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Group, Inc.

Based on information submitted to the MLS GRID as of 02/28/2025 02:01 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.

1115 S 2nd StSpringfield, IL 62704

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